Hong Leong Bank

Sustainability Report and Carbon Intensity Rankings

Is Hong Leong Bank doing their part?

Their DitchCarbon score is 62

Hong Leong Bank has a DitchCarbon Score of 62, indicating a moderate level of sustainability in its operations. This score reflects the bank’s efforts to manage its carbon intensity relative to its industry peers. A higher score would signify even greater success in reducing carbon emissions and enhancing sustainability practices.

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

Hong Leong 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

Medium

High

Very high

Hong Leong Bank, located in Malaysia, operates in a region with a medium carbon intensity rating. This indicates that the country’s energy mix has a moderate environmental impact, which could influence the bank’s sustainability efforts and carbon footprint.
11.17%

...this company is doing 11.17% better in emissions than the industry average.

Hong Leong Bank Berhad, founded in 1905, is a prominent player in the finance sector, headquartered in Kuala Lumpur, Malaysia. The bank offers a diverse range of financial services including consumer and business banking, trade finance, wealth management, and Islamic financial services. After merging with EON Bank Group in 2011, it expanded its network to over 300 branches and has extended its regional presence with operations in Singapore, Hong Kong, Vietnam, Cambodia, and China.

Bad news, Hong Leong Bank hasn't set SBTi commitments yet

Hong Leong Bank has not yet established specific commitments with the Science Based Targets initiative (SBTi). This means the bank is still in the process of defining its goals for reducing greenhouse gas emissions in line with climate science.

There’s always room for improvement,

DitchCarbon recommends...

Hong Leong Bank should undertake a thorough inventory of all Scope 1 emissions sources to identify and mitigate direct greenhouse gas emissions, potentially reducing their emissions by 15%.
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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.