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Public Profile
Financial Intermediation
MY
updated a month ago

Hong Leong Bank Sustainability Profile

Company website

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.

51

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.

29

Industry Benchmark

Hong Leong Bank's score of 51 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.

71%

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Hong Leong Bank's reported carbon emissions

In 2024, Hong Leong Bank (HLB), headquartered in Malaysia (MY), reported total carbon emissions of approximately 38,711,000 kg CO2e. This figure includes 103,000 kg CO2e from Scope 1 emissions and 25,220,000 kg CO2e from Scope 2 emissions, with Scope 3 emissions accounting for about 13,388,000 kg CO2e. The bank's emissions data is cascaded from its parent company, Hong Leong Bank Berhad, which provides a comprehensive overview of its environmental impact. In Singapore (SG), HLB's emissions for the same year totalled approximately 376,000 kg CO2e, with Scope 1 emissions at 9,000 kg CO2e, Scope 2 at 244,000 kg CO2e, and Scope 3 at 123,000 kg CO2e. In Hong Kong (HK), emissions were reported at 64,000 kg CO2e, comprising 31,000 kg CO2e from Scope 1 and 33,000 kg CO2e from Scope 2. Despite the significant emissions figures, HLB has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The bank's emissions data reflects its operational footprint across various regions, highlighting the need for ongoing assessment and potential strategies for emissions reduction in line with industry standards.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2018201920202021202220232024
Scope 1
226,000
000,000
000,000
000,000
000,000
000,000
000,000
Scope 2
9,991,000
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

How Carbon Intensive is Hong Leong Bank's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Hong Leong Bank's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Hong Leong Bank's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Hong Leong Bank is in MY, which has a medium grid carbon intensity relative to other regions.

Hong Leong Bank's Scope 3 Categories Breakdown

Hong Leong Bank's Scope 3 emissions, which increased by 12% last year and increased by approximately 8% since 2019, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 34% of total emissions under the GHG Protocol, with "Investments" being the largest emissions source at 13598% of Scope 3 emissions.

Top Scope 3 Categories

2024
Investments
13598%
Employee Commuting
82%
Business Travel
13%
Downstream Leased Assets
5%

Hong Leong Bank'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 Leong Bank 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare Hong Leong Bank's Emissions with Industry Peers

Taiwan Cooperative Bank, Ltd.

TW
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 17 days ago

Standard Chartered PLC

GB
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 7 days ago

Citi

US
•
Services auxiliary to financial intermediation (67)
Updated 20 days ago

Cimb Group Holdings Berhad

MY
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 9 days ago

United Overseas Bank

SG
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 18 hours ago

AFFIN Holdings Bhd.

MY
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 2 months ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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