Hang Seng Bank
Hang Seng Bank Limited, commonly known as Hang Seng Bank, is a prominent financial institution headquartered in Hong Kong (HK). Established in 1933, the bank has grown to become a key player in the banking and financial services industry, primarily serving the Hong Kong and Greater China regions. With a diverse portfolio, Hang Seng Bank offers a range of core products and services, including personal banking, commercial banking, wealth management, and insurance. Its commitment to innovation and customer-centric solutions sets it apart in a competitive market. Recognised for its strong market position, Hang Seng Bank has achieved numerous accolades, reflecting its dedication to excellence and sustainable growth. As a subsidiary of HSBC Holdings, it continues to leverage its extensive network and expertise to deliver exceptional financial services.
DitchCarbon Score
How does Hang Seng 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 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
Hang Seng Bank's score of 44 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Hang Seng Bank's reported carbon emissions
In 2023, Hang Seng Bank reported total carbon emissions of approximately 14,557,260 kg CO2e. This figure includes 137,870 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 13,565,130 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. Additionally, the bank's Scope 3 emissions amounted to 854,260 kg CO2e, which includes emissions from business travel and fuel-related activities. Over the years, Hang Seng Bank has made notable strides in reducing its carbon footprint. For instance, from 2020 to 2023, the bank's total emissions decreased from approximately 19,571,590 kg CO2e to 14,557,260 kg CO2e, reflecting a significant reduction in emissions. Despite these achievements, it is important to note that Hang Seng Bank has withdrawn its near-term climate targets and has not committed to a net-zero target. The bank's long-term climate commitments remain unspecified, indicating a need for clearer goals in its sustainability strategy. As a financial institution based in Hong Kong, Hang Seng Bank operates within a sector that is increasingly scrutinised for its environmental impact, making its climate commitments and emissions reductions critical for its reputation and operational sustainability.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 54,400 | 00,000 | 000,000 | 000,000 | 000,000 | 00,000 | 000,000 | 000,000 |
| Scope 2 | 23,936,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 637,820 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
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.
Hang Seng 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.
