Hong Kong Monetary Authority Sustainability Profile
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 45 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hong Kong Monetary Authority's reported carbon emissions
In 2024, the Hong Kong Monetary Authority (HKMA) reported total carbon emissions of approximately 10,421,690 kg CO2e. This figure includes Scope 1 emissions of about 18,120 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 12,258,690 kg CO2e, with a market-based total of about 3,255,480 kg CO2e. Scope 3 emissions accounted for around 4,104,690 kg CO2e, with significant contributions from capital goods and purchased goods and services. The HKMA has set ambitious climate commitments, aiming for all banks to achieve net zero in their operations by 2030 and in financed emissions by 2050. Additionally, they are targeting a 67% reduction in the weighted average carbon intensity (WACI) of the Exchange Fund’s public equities from 2017 levels by 2030. In 2023, the HKMA's total emissions were reported at approximately 8,429,860 kg CO2e, indicating a notable increase in emissions in 2024. The authority is actively working towards its climate goals, focusing on both operational and investment-related emissions.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 30,900 | 00,000 | 000,000 | 000,000 |
| Scope 2 | 2,912,570 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | 0,000,000 | 0,000,000 |
How Carbon Intensive is Hong Kong Monetary Authority's Industry?
How Carbon Intensive is Hong Kong Monetary Authority's Location?
Hong Kong Monetary Authority's Scope 3 Categories Breakdown
Hong Kong Monetary Authority's Scope 3 emissions, which increased by 3% last year and increased by approximately 3% since 2023, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 29% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 274% of Scope 3 emissions.
Top Scope 3 Categories
Hong Kong Monetary Authority'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.
Hong Kong Monetary Authority 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.
