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Bank Of East Asia
Financial IntermediationHong Kong SAR ChinaPNK: BKEAY
Last verified 1 month agohkbea.com
The Bank of East Asia (BEA), headquartered in Hong Kong, is a prominent player in the financial intermediation services sector, specifically excluding insurance and pension funding services. Established in 1918, BEA has evolved into one of the largest independent banks in Hong Kong, with a significant presence across Asia and beyond.
BEA offers a diverse range of core products and services, including personal banking, corporate banking, and wealth management, distinguished by their commitment to customer service and innovative financial solutions. The bank has achieved notable milestones, such as expanding its operations into mainland China and establishing a robust international network.
With a strong market position, BEA is recognised for its financial stability and customer-centric approach, making it a trusted choice for individuals and businesses seeking comprehensive banking solutions in a competitive landscape.
41
DitchCarbon score
+4 vs industry average
Bank Of East Asia’s score of 41 is higher than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Bank Of East Asia's reported carbon emissions
Bank of East Asia, headquartered in HK and operating in Financial intermediation services, except insurance and pension funding services, reported its 2025 carbon emissions as 2,544,000 kg CO2e for Scope 1 and 17,628,000 kg CO2e for Scope 2 (location-based).
In 2024, the bank's Scope 1 emissions were 2,254,000 kg CO2e. For 2023, Scope 1 emissions were 3,289,000 kg CO2e. In 2022, Bank of East Asia recorded 2,807,000 kg CO2e for Scope 1 and 20,461,000 kg CO2e for Scope 2, totalling 23,269,000 kg CO2e for Scope 1 and 2.
The bank is committed to achieving net-zero operational emissions by 2030, based on science-based pathways. It has set a near-term absolute reduction target of 39% for Scope 1 and Scope 2 emissions by 2025, against a 2019 baseline. As of 2023, the bank achieved a 31% reduction in Scope 1 and 2 absolute emissions compared to its 2019 baseline.
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Bank Of East Asia’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Bank Of East Asia1 month ago
41
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