Hong Leong Bank
Hong Leong Bank Berhad, commonly known as Hong Leong Bank, is a prominent financial institution headquartered in Kuala Lumpur, Malaysia. Established in 1905, the bank has evolved significantly, marking key milestones in its journey, including the expansion of its services across Southeast Asia. Operating primarily in the banking and financial services industry, Hong Leong Bank offers a diverse range of products, including personal and business banking, wealth management, and Islamic banking solutions. Its commitment to innovation and customer-centric services sets it apart in a competitive market. With a strong market position, Hong Leong Bank has garnered numerous accolades for its service excellence and digital banking initiatives, solidifying its reputation as a trusted financial partner in the region.
DitchCarbon Score
How does Hong Leong 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
Hong Leong Bank's score of 54 is higher than 99% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hong Leong Bank's reported carbon emissions
In 2023, Hong Leong Bank reported total carbon emissions of approximately 39,761,000 kg CO2e, with Scope 1 emissions at about 122,000 kg CO2e, Scope 2 emissions at approximately 27,423,000 kg CO2e, and Scope 3 emissions reaching around 12,336,000 kg CO2e. The bank has shown a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. In previous years, emissions varied significantly, with a total of approximately 37,875,000 kg CO2e in 2021 and 37,604,000 kg CO2e in 2022. The bank's emissions profile indicates a reliance on indirect emissions, particularly in Scope 2, which accounted for the majority of their total emissions in recent years. Hong Leong Bank's climate commitments are underscored by their ongoing efforts to monitor and report emissions, aligning with industry standards for transparency. However, as of now, there are no specific science-based targets or pledges outlined in their sustainability reports. The bank continues to engage in practices aimed at sustainability, reflecting a growing awareness of climate impact within the financial sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 259,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 7,257,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
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.
Hong Leong Bank 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.
