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 49 is higher than 85% 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 39,761,000 kg CO2e in Malaysia, with Scope 1 emissions at about 122,000 kg CO2e, Scope 2 emissions at approximately 27,423,000 kg CO2e, and Scope 3 emissions contributing about 10,385,000 kg CO2e. The bank's emissions have fluctuated over the years, with a notable peak in 2019 at approximately 56,211,000 kg CO2e, which included Scope 1 emissions of about 200,000 kg CO2e, Scope 2 emissions of around 36,243,000 kg CO2e, and Scope 3 emissions of about 12,615,000 kg CO2e. In 2020, emissions decreased to approximately 26,651,000 kg CO2e globally, indicating a positive trend towards reduction. Despite these figures, Hong Leong Bank 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 impact, and ongoing efforts to manage and reduce carbon footprints are essential in the context of global climate commitments.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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.
