Chong Hing Bank
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 38 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Chong Hing Bank's reported carbon emissions
In 2024, Chong Hing Bank reported total carbon emissions of approximately 2,595,600 kg CO2e, with emissions distributed across various scopes: 19,600 kg CO2e from Scope 1 (mobile combustion), 2,344,000 kg CO2e from Scope 2 (purchased electricity), and 232,030 kg CO2e from Scope 3 (waste generated in operations). The combined Scope 1 and 2 emissions totalled about 2,363,600 kg CO2e. For the previous year, 2023, the bank's total emissions were approximately 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 a corporate family relationship. However, the bank has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The bank's GHG emissions intensity per Gross Floor Area (GFA) was reported at 80.0 kg CO2e/m² in 2022 for its operations in Hong Kong, indicating a focus on improving energy efficiency. Overall, while Chong Hing Bank has made strides in emissions reporting, it currently lacks defined reduction targets to further its climate commitments.
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| 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 |
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.
Chong Hing Bank 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.
