Shenwan Hongyuan Sustainability Profile
Shenwan Hongyuan, also known as SHY, is a prominent financial services firm headquartered in Hong Kong. Established in 1991, the company has grown to become a key player in the investment banking and asset management sectors, with a strong presence across Asia-Pacific and beyond. Specialising in securities brokerage, wealth management, and investment advisory services, Shenwan Hongyuan distinguishes itself through its comprehensive approach and commitment to client-centric solutions. The firm has achieved significant milestones, including strategic partnerships and expansions that enhance its market position. Recognised for its innovative financial products and robust research capabilities, Shenwan Hongyuan continues to solidify its reputation as a trusted partner in navigating the complexities of the financial landscape.
DitchCarbon Score
How does Shenwan Hongyuan'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
Shenwan Hongyuan's score of 32 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Shenwan Hongyuan's reported carbon emissions
In 2023, Shenwan Hongyuan (H.K.) Limited reported total carbon emissions of approximately 522,540 kg CO2e, with Scope 1 emissions at about 4,890 kg CO2e and Scope 2 emissions at around 501,320 kg CO2e. The combined Scope 1 and 2 emissions totalled approximately 506,210 kg CO2e. This data reflects the company's operational footprint in Hong Kong. Globally, in the same year, Shenwan Hongyuan's emissions were significantly higher, with total emissions reaching approximately 13,776,550 kg CO2e. This included Scope 1 emissions of about 442,900 kg CO2e, Scope 2 emissions of approximately 13,333,650 kg CO2e, and Scope 3 emissions at around 17,286,790 kg CO2e. Comparatively, in 2022, the Hong Kong operations emitted about 573,910 kg CO2e, with Scope 1 emissions of approximately 5,720 kg CO2e and Scope 2 emissions of around 550,250 kg CO2e. This indicates a reduction in emissions from 2022 to 2023. Shenwan Hongyuan has not set specific reduction targets or climate pledges, nor does it report any initiatives under the Science Based Targets initiative (SBTi). The absence of such commitments suggests a need for enhanced climate action strategies within the organisation. Overall, while Shenwan Hongyuan has made strides in tracking its emissions, the lack of formal reduction targets highlights an opportunity for the company to strengthen its climate commitments and align with industry standards for sustainability.
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| 2019 | 2020 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 14,680 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 601,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 33,890 | - | 0,000,000 | 00,000,000 |
How Carbon Intensive is Shenwan Hongyuan's Industry?
How Carbon Intensive is Shenwan Hongyuan's Location?
Shenwan Hongyuan'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.
Shenwan Hongyuan 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.
