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 48 is higher than 71% 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 Leong Bank's reported carbon emissions
In 2024, Hong Leong Bank reported total carbon emissions of approximately 27,000,000 kg CO2e, comprising 121,000 kg CO2e from Scope 1, 26,278,000 kg CO2e from Scope 2, and 13,824,000 kg CO2e from Scope 3 emissions. This data reflects a comprehensive approach to emissions reporting, including all three scopes. For the year 2023, the bank's emissions in Malaysia were approximately 39,761,000 kg CO2e, with 122,000 kg CO2e from Scope 1, 27,423,000 kg CO2e from Scope 2, and significant contributions from Scope 3, including 1,580,000 kg CO2e from business travel and 9,905,000 kg CO2e from employee commuting. In Singapore, emissions were reported at 382,000 kg CO2e, with 8,000 kg CO2e from Scope 1 and 246,000 kg CO2e from Scope 2. Hong Leong Bank's emissions data is cascaded from its parent company, Hong Leong Bank Berhad, which provides a broader context for its sustainability initiatives. However, there are currently no specific reduction targets or climate pledges documented, indicating a potential area for future commitment. Overall, Hong Leong Bank's emissions reporting demonstrates a commitment to transparency and accountability in its environmental impact, aligning with industry standards for climate action.
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| 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 259,000 | 000,000 | 00,000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 7,257,000 | 0,000,000 | 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 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.
