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. What sets them apart is their commitment to innovation and customer-centric services, ensuring tailored financial solutions for their clients. With a strong market position, Hong Leong Bank has garnered numerous accolades for its excellence in service delivery and digital banking initiatives, solidifying its reputation as a leading player in the region's financial landscape.
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 49 is higher than 92% 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 tonnes CO2e, comprising 141 tonnes from Scope 1, 27,614 tonnes from Scope 2, and about 12,336 tonnes from Scope 3 emissions. This reflects a commitment to transparency in their environmental impact, although their overall emissions have fluctuated over the years. In 2022, the bank's total emissions were around 22,877 tonnes CO2e, indicating a significant increase in 2023. The emissions breakdown for 2022 included 110 tonnes from Scope 1, 28,447 tonnes from Scope 2, and 9,357 tonnes from Scope 3. Hong Leong Bank has not publicly set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other recognised frameworks. Their CDP (Carbon Disclosure Project) scores have consistently been low, indicating room for improvement in their climate strategy and reporting practices. The bank's emissions data highlights the importance of ongoing efforts to reduce carbon footprints, particularly in Scope 2 emissions, which are primarily associated with energy consumption. As the financial sector increasingly prioritises sustainability, Hong Leong Bank's future commitments and actions will be crucial in aligning with global climate goals.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project2016 | 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 committed to some 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.
