Chong Hing Bank Sustainability Profile
Chong Hing Bank, a prominent financial institution headquartered in Hong Kong (HK), has been serving the community since its establishment in 1948. With a strong presence in the banking industry, the bank primarily focuses on retail banking, corporate banking, and wealth management services, catering to a diverse clientele across the region. Over the years, Chong Hing Bank has achieved significant milestones, including the expansion of its branch network and the introduction of innovative financial products. Its core offerings, such as personal loans, savings accounts, and investment services, are designed to meet the evolving needs of customers, setting the bank apart in a competitive market. Recognised for its commitment to customer service and financial stability, Chong Hing Bank continues to strengthen its market position, making it a trusted choice for individuals and businesses alike in Hong Kong and beyond.
DitchCarbon Score
How does Chong Hing Bank'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 Services Auxiliary to 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
Chong Hing Bank's score of 41 is higher than 60% 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
Chong Hing Bank's reported carbon emissions
In 2024, Chong Hing Bank reported total carbon emissions of approximately 2,595,600 kg CO2e. This figure includes 19,600 kg CO2e from Scope 1 emissions, primarily from mobile combustion, and 2,344,000 kg CO2e from Scope 2 emissions related to purchased electricity. Additionally, Scope 3 emissions accounted for about 232,030 kg CO2e, specifically from waste generated in operations. The combined Scope 1 and 2 emissions totalled approximately 2,363,600 kg CO2e. Comparatively, in 2023, the bank's total emissions were about 2,643,200 kg CO2e, with Scope 1 emissions at 16,400 kg CO2e and Scope 2 emissions at 2,626,800 kg CO2e. This indicates a slight reduction in total emissions year-on-year. Chong Hing Bank's emissions data is cascaded from its parent company, Guangzhou Yuexiu Group Co., Ltd., reflecting its commitment to transparency and accountability in environmental reporting. However, the bank has not set specific reduction targets under the Science Based Targets initiative (SBTi) or other climate pledges. In Hong Kong, the bank reported a GHG emissions intensity of approximately 90 kg CO2e per square metre of Gross Floor Area (GFA) in 2023, indicating its operational efficiency in managing emissions relative to its physical footprint. Overall, while Chong Hing Bank has made strides in emissions reporting, it currently lacks defined reduction initiatives or targets, positioning it within a broader industry context that increasingly prioritises climate action and sustainability.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 33,500 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 4,011,700 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | - | - | 000,000 |
How Carbon Intensive is Chong Hing Bank's Industry?
How Carbon Intensive is Chong Hing Bank's Location?
Chong Hing Bank's Scope 3 Categories Breakdown
Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 9% of total emissions under the GHG Protocol, with "Waste Generated in Operations" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Chong Hing Bank'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.
Chong Hing Bank 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.
