Hong Kong Monetary Authority
The Hong Kong Monetary Authority (HKMA) serves as the central banking institution of Hong Kong, headquartered in the vibrant city of Hong Kong (HK). Established in 1993, the HKMA plays a pivotal role in maintaining monetary and financial stability, overseeing the banking sector, and managing the Exchange Fund. With a focus on promoting a robust financial infrastructure, the HKMA is instrumental in implementing policies that enhance the efficiency and safety of the banking system. Its core services include currency issuance, monetary policy formulation, and the regulation of financial institutions, distinguishing it as a key player in the region's financial landscape. Recognised for its effective management of the Linked Exchange Rate System, the HKMA has achieved notable milestones, solidifying its position as a trusted authority in the global financial arena.
DitchCarbon Score
How does Hong Kong Monetary Authority'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
Hong Kong Monetary Authority's score of 30 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hong Kong Monetary Authority's reported carbon emissions
In 2023, the Hong Kong Monetary Authority (HKMA) reported total carbon emissions of approximately 2,964,340 kg CO2e from Scope 2 and 23,610 kg CO2e from Scope 1, resulting in a combined total of about 1,480 kg CO2e per employee. This reflects a slight decrease in emissions compared to 2022, where total emissions were approximately 2,971,520 kg CO2e from Scope 2 and 24,930 kg CO2e from Scope 1, leading to a GHG intensity of about 1,670 kg CO2e per employee. Over the years, HKMA has demonstrated a commitment to reducing its carbon footprint, achieving a reduction in Scope 1 emissions from 30,900 kg CO2e in 2021 to 23,610 kg CO2e in 2023. However, there are currently no specific reduction targets or climate pledges disclosed by the HKMA, indicating a potential area for future commitment in line with global climate initiatives. The authority's focus on monitoring and reporting emissions aligns with industry standards for transparency and accountability in climate action.
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Add to project| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 30,900 | 00,000 | 00,000 |
| Scope 2 | 2,912,570 | 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.
Hong Kong Monetary Authority is not committed to any reduction initiatives 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.
