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 56 is higher than 98% 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 40,000,000 kg CO2e, with emissions distributed across various scopes: 121,000 kg CO2e (Scope 1), 26,278,000 kg CO2e (Scope 2), and 13,824,000 kg CO2e (Scope 3). The bank's emissions from Scope 3 include significant contributions from purchased goods and services, which accounted for about 13,388,000 kg CO2e. In 2023, the bank's emissions in Malaysia were approximately 39,761,000 kg CO2e, with Scope 1 emissions at 122,000 kg CO2e and Scope 2 emissions at 27,423,000 kg CO2e. The Scope 3 emissions in Malaysia included 9,905,000 kg CO2e from employee commuting. Hong Leong Bank has not publicly committed to specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. However, the bank continues to disclose its emissions data across all relevant scopes, demonstrating transparency in its climate impact reporting. Overall, Hong Leong Bank's emissions data reflects its operational footprint and highlights the importance of ongoing efforts to manage and reduce carbon emissions in alignment with global climate goals.
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| 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 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.
