Hong Leong Bank Sustainability Profile

In 2024, Hong Leong Bank, headquartered in Malaysia (MY), reported total carbon emissions of approximately 60,300 kg CO2e. This figure includes Scope 1 emissions of about 9,000 kg CO2e, Scope 2 emissions of approximately 422,000 kg CO2e, and Scope 3 emissions of around 172,000 kg CO2e. The bank's global emissions for the same year totalled approximately 40,223,000 kg CO2e, with Scope 1 at about 102,000 kg CO2e, Scope 2 at approximately 26,393,000 kg CO2e, and Scope 3 at around 13,671,000 kg CO2e. In 2023, Hong Leong Bank's total emissions were approximately 40,091,000 kg CO2e, with Scope 1 emissions of about 123,000 kg CO2e, Scope 2 emissions of approximately 27,709,000 kg CO2e, and Scope 3 emissions of around 12,186,000 kg CO2e. The bank's emissions data is cascaded from its parent company, Hong Leong Bank Berhad, reflecting a commitment to transparency and accountability in its environmental impact. Currently, Hong Leong Bank has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. However, the bank is actively monitoring its emissions and is part of a corporate family that prioritises sustainability. The absence of formal reduction targets indicates an opportunity for the bank to enhance its climate commitments in alignment with industry standards.