Bank of East Asia Ltd

Common Name
Bank of East Asia
Country
Hong Kong
Sector
Financial Services
Industry
Banks - Regional
Employees
7,880
Ticker
23
Exchange
HONG KONG EXCHANGES AND CLEARING LTD
Description
The Bank of East Asia, Limited, together with its subsidiaries, provides various banking and related financial services. Its personal banking services include corporate, individual, savings, current, ...

Bank of East Asia's Climate Target Data Preview

As of 2024, Bank of East Asia has disclosed 4 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target and 3 intensity-based target targets, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Bank of East Asia ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e)
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2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Steel Produced/Manufactured
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2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Vehicle Kilometer
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2030
Intensity-based Target*
Scope 3 - Investments (Cat. 15)
Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity from Unspecified Activities
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2030
* This target is limited in scope and does not represent the company's full operational or organizational boundaries

This table provides a simplified preview of selected climate targets data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

Insights into Bank of East Asia's Greenhouse Gas Emissions Pathways

As of 2024, Bank of East Asia has set greenhouse gas (GHG) emissions reduction targets that cover its value chain emissions (Scope 3), without dedicated targets for its operational emissions. This indicates a focus on upstream and downstream climate impacts rather than internal operations.

Does Bank of East Asia have a target to reduce the emissions from its value chain?

As of 2024, Bank of East Asia has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.

Bank of East Asia's most ambitious value chain target is to reduce these emissions by 72% by 2030, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity from Unspecified Activities in 2022.

As of 2023, Bank of East Asia is ahead of schedule on its value chain emissions reduction target, having achieved 35.29% of the planned reduction.

Bank of East Asia's Value Chain (Scope 3) Emissions Pathway

20222023203000000BaselineCurrent (-25%)Target 2030 (-72%)
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