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Chong Hing Bank

Sustainability Report and Carbon Intensity Rankings

Is Chong Hing Bank doing their part?

Their DitchCarbon score is 54

Chong Hing Bank has a DitchCarbon Score of 54 out of 100, indicating a moderate level of sustainability in its operations. This score reflects the bank’s carbon intensity, which is a measure of how much carbon emissions are produced relative to its activities. A higher score would suggest a lower carbon intensity and a stronger commitment to reducing its environmental impact.

This was calculated based on 30+ company specific emissions data points, the higher the score, the better. Check out our methodology.

Industry emissions intensity

Very low

Low

Medium

High

Very high

Chong Hing Bank is part of the finance sector, which has a very low carbon intensity ranking compared to other industries. Some industries are more damaging than others, this ranking gives you an indication of how carbon intensive the industry is which this company operates in.

Location emissions intensity

Very low

Low

Unknown

High

Very high

Chong Hing Bank is situated in a region with an unspecified carbon intensity rating. The sustainability efforts of the bank are likely influenced by the environmental performance of the wider area in which it operates.
3.17%

...this company is doing 3.17% better in emissions than the industry average.

Chong Hing Bank, founded in 1948 and headquartered on Hong Kong Island, operates within the finance sector. As a member of the Yue Xiu Group since 2014, the bank serves individual and corporate clients with a variety of services including deposits, credit, and wealth management. With a network that extends to branches in mainland China and a representative office in San Francisco, Chong Hing Bank is a prominent financial institution listed on the Hong Kong Stock Exchange.

Bad news, Chong Hing Bank hasn't set SBTi commitments yet

Chong Hing Bank has not yet established specific commitments with the Science Based Targets initiative (SBTi). This means the bank has not defined or announced clear goals for reducing its greenhouse gas emissions in line with climate science.

There’s always room for improvement,

DitchCarbon recommends...

Chong Hing Bank could reduce its emissions by transitioning its fleet vehicles to electric or hybrid models, which has the potential to save approximately 15% of their Scope 1 emissions.
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✓ Company emission source URLs

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Our methodology

Read about our emission calculation methodologies, and what the DitchCarbon Score means.