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 GHG Emissions Data Preview

In 2023, Bank of East Asia completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy), and Scope 3 (indirect emissions across the value chain).

Bank of East Asia has also provided a category-level breakdown for 1 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Unspecified Calculation Method
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions 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 Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of Bank of East Asia amounted to 23,100.04 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).

Compared to 2022, the total operational greenhouse gas (GHG) emissions of Bank of East Asia decreased by 2.26%, showing that the company has made progress in taking action to reduce the climate impact of its operations.

Bank of East Asia's Scope 1 Emissions Over Time

20212022202301.5 k3 k4.5 k6 ktCO2e-51%+17%
  • Total Scope 1
  • Year-over-Year Change

What are Bank of East Asia's Scope 1 emissions?

In 2023, the total Scope 1 emissions of Bank of East Asia were 3,288.88 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Has Bank of East Asia reduced its Scope 1 emissions over time?

Since 2021, Bank of East Asia's Scope 1 emissions have decreased by 42.81%, reflecting a declining long-term trend in Scope 1 emissions over time.

Compared to the previous year (2022), Bank of East Asia's Scope 1 emissions increased by 17.15%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.

What are Bank of East Asia's Scope 2 emissions?

In 2023, Bank of East Asia reported Scope 2 greenhouse gas (GHG) emissions of 19,811.16 tCOâ‚‚e without specifying the calculation method.

Has Bank of East Asia reduced its Scope 2 emissions over time?

Since 2021, Bank of East Asia's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 11.95%, reflecting a declining long-term trend in Scope 2 emissions over time.

Compared to the previous year (2022), Bank of East Asia's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Bank of East Asia 's emissions have plateaued with no significant change in its energy consumption footprint.

What methodology does Bank of East Asia use for Scope 2 reporting?

In 2023, Bank of East Asia reported its Scope 2 emissions using an unspecified methodology.

Bank of East Asia's Scope 2 Emissions Over Time

20212022202306 k12 k18 k24 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Bank of East Asia's Value Chain Emissions

In 2023, Bank of East Asia reported 596.24 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.

The 2023 disclosure of Bank of East Asia includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain

Bank of East Asia's Scope 3 Emissions Over Time

20230150300450600tCO2e
  • Total Scope 3
  • Year-over-Year Change

What are Bank of East Asia's Scope 3 emissions?

In 2023, Bank of East Asia reported total Scope 3 emissions of 596.24 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).

Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.

What categories of Scope 3 emissions does Bank of East Asia disclose?

In 2023, Bank of East Asia reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.

The limited disclosure restricts visibility into specific emission sources across the company's value chain.

What are the main sources of Bank of East Asia's Scope 3 emissions?

In 2023, the largest contributors to Bank of East Asia's Scope 3 emissions were:

  • Business Travel (Cat. 6): 596.24 tCOâ‚‚e (100%)

Bank of East Asia's Scope 3 Emissions by Categories

Business Travel(Cat. 6)(100.0%)

Insights into Bank of East Asia's Total Carbon Footprint

In 2023, Bank of East Asia reported a total carbon footprint of 23,696.28 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.26% increase compared to 2022, suggesting a rise in emissions across its operations or value chain.

The largest contributor to Bank of East Asia's total carbon footprint was Scope 2 emissions, accounting for 83.6% of the company's total carbon footprint, followed by Scope 1 emissions at 13.88%.

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