Hang Seng Bank
Sustainability Report and Carbon Intensity Rankings
Is Hang Seng Bank doing their part?
Their DitchCarbon score is 71
Hang Seng Bank has a DitchCarbon Score of 71 out of 100, indicating a relatively high level of sustainability in its operations. This score suggests that the bank has made significant efforts to reduce its carbon intensity. A score of 71 reflects that Hang Seng Bank is actively managing and lowering its emissions compared to other companies.
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
Hang Seng Bank operates in 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
Hang Seng Bank is located in a region with an unknown carbon intensity rating, making it difficult to assess the environmental impact of its operations. The sustainability efforts of the bank in terms of carbon footprint are thus not clearly defined by the regional standards of its location in Western Australia.
Unlock 30+ emissions data points on Hang Seng Bank
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– Historical Scope 1, 2 and 3 emissions
– Coverage of all industries, product level data
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Unlock 30+ emissions data points on Hang Seng Bank
Get the emissions intelligence you need, no surveys required.
– Historical Scope 1, 2 and 3 emissions
– Coverage of all industries, product level data
– Emissions forecasting, assurances
20.17%
...this company is doing 20.17% better in emissions than the industry average.
Founded in 1933, Hang Seng Bank is a prominent financial institution based in Hong Kong, recognized as one of the region’s largest listed companies. Operating within the finance sector, Hang Seng offers a diverse array of services including retail banking, wealth management, commercial banking, and private banking, as well as a comprehensive suite of renminbi services. With a substantial presence in mainland China and branches across Macau and Singapore, Hang Seng Bank serves millions of customers through its extensive network of service outlets.
emission intelligence's platform recommendations for Hang Seng Bank
Hang Seng Bank could reduce its emissions by transitioning to renewable energy sources for all purchased electricity, heat, steam, and cooling, which has the potential to lower their emissions by 30%.
Good news, Hang Seng Bank has embraced SBTi commitments
Hang Seng Bank has pledged to set science-based emissions reduction targets through the Science Based Targets initiative (SBTi). This commitment means the bank will align its carbon output with the levels required to meet the goals of the Paris Agreement, significantly reducing its environmental impact.
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Our methodology
Read about our emission calculation methodologies, and what the DitchCarbon Score means.
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