Hong Leong Bank
Hong Leong Bank Berhad, commonly known as Hong Leong Bank, is a prominent financial institution headquartered in Kuala Lumpur, Malaysia. Established in 1905, the bank has evolved significantly, marking key milestones in its journey, including the expansion of its services across Southeast Asia. Operating primarily in the banking and financial services industry, Hong Leong Bank offers a diverse range of products, including personal and business banking, wealth management, and Islamic banking solutions. Its commitment to innovation and customer-centric services sets it apart in a competitive market. With a strong market position, Hong Leong Bank has garnered numerous accolades for its service excellence and digital banking initiatives, solidifying its reputation as a trusted financial partner in the region.
DitchCarbon Score
How does Hong Leong 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
Hong Leong Bank's score of 43 is higher than 94% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hong Leong Bank's reported carbon emissions
In 2023, Hong Leong Bank reported total carbon emissions of approximately 39,761,000 kg CO2e in Malaysia, with emissions distributed across various scopes: 122,000 kg CO2e from Scope 1, 27,423,000 kg CO2e from Scope 2, and 15,800,000 kg CO2e from Scope 3. This reflects a commitment to transparency in their environmental impact. Over the years, the bank has shown fluctuations in emissions, with a notable peak in 2019 at approximately 56,211,000 kg CO2e, which included 200,000 kg CO2e from Scope 1, 36,243,000 kg CO2e from Scope 2, and 12,615,000 kg CO2e from Scope 3. By 2022, total emissions had decreased to about 22,877,000 kg CO2e globally, indicating a positive trend towards reducing their carbon footprint. Despite these figures, Hong Leong Bank has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. This places them in a broader industry context where many financial institutions are increasingly setting ambitious climate goals. Overall, while Hong Leong Bank has made strides in emissions reporting, further commitments to reduction initiatives could enhance their sustainability profile.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 259,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 7,257,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
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.
Hong Leong 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.
