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 Financial Intermediation 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 48 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hong Leong Bank's reported carbon emissions
In 2024, Hong Leong Bank reported total carbon emissions of approximately 40,000,000 kg CO2e, comprising 121,000 kg CO2e from Scope 1, 26,278,000 kg CO2e from Scope 2, and 13,824,000 kg CO2e from Scope 3 emissions. This reflects a slight decrease in emissions compared to 2023, where total emissions were about 39,761,000 kg CO2e, with Scope 1 emissions at 122,000 kg CO2e, Scope 2 at 27,423,000 kg CO2e, and Scope 3 at 15,850,000 kg CO2e. The bank's emissions data is cascaded from its parent company, Hong Leong Bank Berhad, which provides a comprehensive overview of its carbon footprint across various regions, including Malaysia (MY), Singapore (SG), and Hong Kong (HK). Notably, in Malaysia for 2023, the bank's emissions were approximately 39,761,000 kg CO2e, with significant contributions from employee commuting and business travel within Scope 3. Despite the detailed emissions reporting, Hong Leong Bank has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets indicates a potential area for future commitment to enhance their sustainability efforts. Overall, Hong Leong Bank's emissions data highlights its ongoing efforts to monitor and report on its carbon footprint, while the lack of defined reduction strategies suggests an opportunity for the bank to strengthen its climate commitments moving forward.
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| 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 259,000 | 000,000 | 00,000,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 7,257,000 | 0,000,000 | 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 not participating in any of the initiatives that 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.
