Chong Hing Bank
Chong Hing Bank, a prominent financial institution headquartered in Hong Kong (HK), has been serving the community since its establishment in 1948. With a strong presence in the banking industry, the bank primarily focuses on retail banking, corporate banking, and wealth management services, catering to a diverse clientele across the region. Over the years, Chong Hing Bank has achieved significant milestones, including the expansion of its branch network and the introduction of innovative financial products. Its core offerings, such as personal loans, savings accounts, and investment services, are designed to meet the evolving needs of customers, setting the bank apart in a competitive market. Recognised for its commitment to customer service and financial stability, Chong Hing Bank continues to strengthen its market position, making it a trusted choice for individuals and businesses alike in Hong Kong and beyond.
DitchCarbon Score
How does Chong Hing Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Services Auxiliary to Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Chong Hing Bank's score of 31 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Chong Hing Bank's reported carbon emissions
In 2023, Chong Hing Bank reported total carbon emissions of approximately 2,643,200 kg CO2e, comprising 16,400 kg CO2e from Scope 1 emissions (mobile combustion) and 2,626,800 kg CO2e from Scope 2 emissions (purchased electricity). This marks a significant reduction from previous years, with emissions decreasing from about 3,000,000 kg CO2e in 2022 and 2,933,300 kg CO2e in 2021. Over the years, Chong Hing Bank has demonstrated a commitment to reducing its carbon footprint. In 2022, the bank's total emissions were approximately 2,734,000 kg CO2e, down from 3,625,100 kg CO2e in 2020. This trend reflects a consistent effort to lower emissions, particularly in Scope 2, which has seen a reduction from 4,011,700 kg CO2e in 2017 to 2,626,800 kg CO2e in 2023. Despite the absence of specific reduction targets or climate pledges, the bank's ongoing efforts to decrease emissions indicate a proactive approach to climate commitments. The bank's emissions intensity has also improved, with reported values of 90 kg CO2e per square metre of Gross Floor Area in 2023, down from 110 kg CO2e in previous years. Chong Hing Bank's headquarters in Hong Kong positions it within a region increasingly focused on sustainability and climate action, aligning with global trends in the financial sector towards greater environmental responsibility.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 33,500 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 4,011,700 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | - | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Chong Hing Bank is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
