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 (HLB) 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 totalling around 12,336,000 kg CO2e. The bank's emissions have fluctuated over the years, with a notable increase in total emissions from 26,651,000 kg CO2e in 2020 to the current figure. HLB has disclosed emissions data across Scopes 1, 2, and 3, indicating a comprehensive approach to tracking its carbon footprint. However, the bank has not set specific reduction targets or initiatives as part of its climate commitments, which may limit its ability to effectively address climate change impacts. The bank's emissions intensity, measured against its revenue, reflects its operational efficiency in relation to carbon output. As HLB continues to navigate its sustainability journey, the absence of defined reduction targets may present challenges in aligning with global climate goals.
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.
