Hong Leong Financial Group
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 71% 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 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, saw total emissions of 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 demonstrated a commitment to monitoring and reporting its carbon footprint, with emissions data disclosed across all three scopes (1, 2, and 3) for the years 2021 to 2024. Notably, the group 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 development in their sustainability strategy. The emissions data for HLFG is cascaded from its parent company, Hong Leong Financial Group Berhad, reflecting the broader corporate family's commitment to sustainability. As a current subsidiary, HLFG aligns its reporting with the overarching goals and performance metrics established by its parent organisation.
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| 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 |
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 Financial Group 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.
