Hong Leong Financial Group Sustainability Profile
Hong Leong Financial Group Berhad, commonly referred to as HLFG, is a prominent financial services provider headquartered in Malaysia. Established in 1963, the group has evolved into a key player in the financial industry, with a strong presence in banking, insurance, and investment services across Southeast Asia. HLFG offers a diverse range of core products and services, including commercial banking, asset management, and life insurance, distinguished by their customer-centric approach and innovative solutions. The group has achieved notable milestones, such as expanding its operational footprint and enhancing its digital banking capabilities, positioning itself as a leader in the region. With a commitment to excellence and a robust market position, Hong Leong Financial Group continues to drive growth and deliver value to its stakeholders, making it a trusted name in the financial landscape.
DitchCarbon Score
How does Hong Leong Financial Group'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 Financial Group's score of 48 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Hong Leong Financial Group's reported carbon emissions
In 2024, Hong Leong Financial Group (HLFG) reported total carbon emissions of approximately 48,187,000 kg CO2e. This figure includes Scope 1 emissions of about 221,000 kg CO2e, Scope 2 emissions of approximately 32,096,000 kg CO2e, and Scope 3 emissions of around 15,869,000 kg CO2e. The previous year, 2023, HLFG's total emissions were about 48,045,000 kg CO2e, with Scope 1 at 264,000 kg CO2e, Scope 2 at 33,614,000 kg CO2e, and Scope 3 at 14,167,000 kg CO2e. Over the years, HLFG has shown a slight increase in total emissions, with 2022 emissions recorded at approximately 45,027,000 kg CO2e, and 2021 at about 44,024,000 kg CO2e. The company has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for future commitment. It is important to note that HLFG's emissions data is cascaded from its parent company, Hong Leong Financial Group Berhad, which provides the foundational emissions reporting. This relationship highlights the interconnected nature of corporate sustainability efforts within the financial services sector in Malaysia.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 334,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 31,914,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 1,817,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Hong Leong Financial Group's Industry?
How Carbon Intensive is Hong Leong Financial Group's Location?
Hong Leong Financial Group'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 Financial Group 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.
