Dah Sing Banking Group Limited Sustainability Profile
Dah Sing Banking Group Limited, often referred to as Dah Sing, is a prominent financial institution headquartered in Hong Kong (HK). Established in 1947, the group has evolved into a key player in the banking and financial services industry, primarily serving the Hong Kong and Macau regions. Dah Sing offers a diverse range of products and services, including retail banking, corporate banking, and wealth management, distinguished by its customer-centric approach and innovative solutions. The bank has achieved notable milestones, such as expanding its digital banking capabilities and enhancing its service offerings to meet the evolving needs of its clients. With a strong market position, Dah Sing is recognised for its commitment to quality service and financial stability, making it a trusted choice for individuals and businesses alike in the competitive banking landscape.
DitchCarbon Score
How does Dah Sing Banking Group Limited'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 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
Dah Sing Banking Group Limited's score of 27 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Dah Sing Banking Group Limited's reported carbon emissions
In 2023, Dah Sing Banking Group Limited reported total carbon emissions of approximately 4,347,000 kg CO2e. This figure includes about 95,000 kg CO2e from Scope 1 emissions and approximately 4,252,000 kg CO2e from Scope 2 emissions. The total emissions for 2022 were slightly lower at about 4,333,000 kg CO2e, with Scope 1 emissions at approximately 93,000 kg CO2e and Scope 2 emissions at around 4,240,000 kg CO2e. Dah Sing Banking Group has not disclosed any Scope 3 emissions data, indicating a focus primarily on direct and indirect emissions from their operations. The company has not set specific reduction targets or initiatives as part of their climate commitments, nor have they participated in initiatives such as the Science Based Targets initiative (SBTi) or the Carbon Disclosure Project (CDP) for emissions reduction. The emissions data is cascaded from Dah Sing Banking Group Limited itself, reflecting its current operational footprint without inherited targets from a parent company. The bank's emissions intensity, measured by the number of full-time employees, was reported at about 1,480 kg CO2e per employee in 2023. Overall, Dah Sing Banking Group Limited's emissions profile highlights a significant reliance on Scope 2 emissions, with no current commitments to reduce their carbon footprint through established climate initiatives.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | 00,000 | 00,000 | 00,000 |
| Scope 2 | 5,546,340 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | - | - |
How Carbon Intensive is Dah Sing Banking Group Limited's Industry?
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Dah Sing Banking Group Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Dah Sing Banking Group Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
