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.
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.
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.
Shenwan Hongyuan's score of 32 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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 approximately 501,320 kg CO2e. The combined Scope 1 and 2 emissions totalled around 506,210 kg CO2e. This data reflects the company's operational footprint in Hong Kong. The company has not disclosed any Scope 3 emissions for 2023, indicating a focus primarily on direct and indirect emissions from its operations. Notably, there are no specific reduction targets or climate pledges outlined in their current commitments, suggesting a potential area for future development in their sustainability strategy. Historically, Shenwan Hongyuan's emissions have fluctuated, with total emissions in 2022 reaching about 573,910 kg CO2e in Hong Kong, which included Scope 1 emissions of approximately 5,720 kg CO2e and Scope 2 emissions of around 550,250 kg CO2e. This indicates a slight decrease in emissions from 2022 to 2023. Overall, while Shenwan Hongyuan has made strides in tracking its emissions, the absence of formal reduction targets or commitments may limit its ability to demonstrate leadership in climate action within the financial services sector.
Access structured emissions data, company-specific emission factors, and source documents
| 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 |
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.
Shenwan Hongyuan 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.
