Hang Seng Bank
Hang Seng Bank Limited, commonly known as Hang Seng Bank, is a prominent financial institution headquartered in Hong Kong (HK). Established in 1933, the bank has grown to become a key player in the banking and financial services industry, primarily serving the Hong Kong and Greater China regions. With a diverse portfolio, Hang Seng Bank offers a range of core products and services, including personal banking, commercial banking, wealth management, and insurance. Its commitment to innovation and customer-centric solutions sets it apart in a competitive market. Recognised for its strong market position, Hang Seng Bank has achieved numerous accolades, reflecting its dedication to excellence and sustainable growth. As a subsidiary of HSBC Holdings, it continues to leverage its extensive network and expertise to deliver exceptional financial services.
DitchCarbon Score
How does Hang Seng 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 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
Hang Seng Bank's score of 37 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hang Seng Bank's reported carbon emissions
In 2023, Hang Seng Bank reported total carbon emissions of approximately 14,557,260 kg CO2e. This figure includes 137,870 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 13,565,130 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. Additionally, the bank's Scope 3 emissions amounted to about 854,260 kg CO2e, which includes emissions from business travel and fuel-related activities. Over the years, Hang Seng Bank has demonstrated a commitment to reducing its carbon footprint. In 2022, the bank's total emissions were approximately 15,479,790 kg CO2e, indicating a reduction in emissions by about 922,530 kg CO2e from 2022 to 2023. The bank has set long-term reduction targets, although it has not committed to a net-zero target as of now. The bank's emissions data shows a trend of decreasing emissions over the years, with significant reductions in both Scope 1 and Scope 2 emissions. For instance, Scope 1 emissions decreased from 192,200 kg CO2e in 2018 to 137,870 kg CO2e in 2023. Similarly, Scope 2 emissions have also seen a decline, reflecting the bank's ongoing efforts to enhance energy efficiency and transition to cleaner energy sources. Overall, Hang Seng Bank's climate commitments and emissions data illustrate its proactive approach to sustainability and environmental responsibility within the financial sector in Hong Kong.
Unlock detailed emissions data
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Add to project| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 54,400 | 00,000 | 000,000 | 000,000 | 000,000 | 00,000 | 000,000 | 000,000 |
| Scope 2 | 23,936,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 637,820 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 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.
Hang Seng Bank is committed to some reduction initiatives 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.
