BOC Hong Kong Holdings Ltd

Common Name
BOC Hong Kong Holdings
Country
Hong Kong
Sector
Financial Services
Industry
Banks - Regional
Employees
15,228
Ticker
2388
Exchange
HONG KONG EXCHANGES AND CLEARING LTD
Description
BOC Hong Kong Holdings Ltd. operates as a leading commercial banking group in Hong Kong. It primarily serves as the holding company for the Bank of China (Hong Kong) Limited, providing a comprehensive...

BOC Hong Kong Holdings's GHG Emissions Data Preview

In 2024, BOC Hong Kong Holdings 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).

However, BOC Hong Kong Holdings has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

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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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind BOC Hong Kong Holdings’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore BOC Hong Kong Holdings’s data sources below and access millions more through our Disclosure Search.

a. BOC Hong Kong Holdings's Sustainability Report 2024
a. BOC Hong Kong Holdings's Sustainability Report 2024
b. BOC Hong Kong Holdings's TCFD Report 2022
b. BOC Hong Kong Holdings's TCFD Report 2022

Insights into BOC Hong Kong Holdings's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of BOC Hong Kong Holdings amounted to 51,054 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). a

Compared to 2023, the total operational greenhouse gas (GHG) emissions of BOC Hong Kong Holdings decreased by 0.87%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

BOC Hong Kong Holdings's Scope 1 Emissions Over Time

202020212022202320240200400600800tCO2e-8%0%-5%-6%
  • Total Scope 1
  • Year-over-Year Change

What are BOC Hong Kong Holdings's Scope 1 emissions?

In 2024, the total Scope 1 emissions of BOC Hong Kong Holdings were 517 metric tons of CO₂ equivalent (tCO₂e). a

Has BOC Hong Kong Holdings reduced its Scope 1 emissions over time?

Since 2020, BOC Hong Kong Holdings's Scope 1 emissions have decreased by 17.81%, reflecting a declining long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), BOC Hong Kong Holdings's Scope 1 emissions decreased by 5.66%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a

What are BOC Hong Kong Holdings's Scope 2 emissions?

In 2024, BOC Hong Kong Holdings reported Scope 2 greenhouse gas (GHG) emissions of 50,537 tCO₂e without specifying the calculation method. a

Has BOC Hong Kong Holdings reduced its Scope 2 emissions over time?

Since 2020, BOC Hong Kong Holdings's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have decreased by 12.16%, reflecting a declining long-term trend in Scope 2 emissions over time. a b

Compared to the previous year (2023), BOC Hong Kong Holdings's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that BOC Hong Kong Holdings 's emissions have plateaued with no significant change in its energy consumption footprint. a

What methodology does BOC Hong Kong Holdings use for Scope 2 reporting?

In 2024, BOC Hong Kong Holdings reported its Scope 2 emissions using an unspecified methodology. a

BOC Hong Kong Holdings's Scope 2 Emissions Over Time

20202021202220232024015 k30 k45 k60 ktCO2e
  • Total Scope 2 (Unspecified Calculation Method)

Insights into BOC Hong Kong Holdings's Value Chain Emissions

In 2024, BOC Hong Kong Holdings reported 79 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a

The 2024 disclosure of BOC Hong Kong Holdings includes a breakdown across 0 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a

BOC Hong Kong Holdings's Scope 3 Emissions Over Time

202020212022202320240255075100tCO2e-28%+34%+3%-11%
  • Total Scope 3
  • Year-over-Year Change

What are BOC Hong Kong Holdings's Scope 3 emissions?

In 2024, BOC Hong Kong Holdings reported total Scope 3 emissions of 79 metric tons of CO₂ equivalent (tCO₂e). a

Has BOC Hong Kong Holdings reduced its Scope 3 emissions over time?

Since 2020, BOC Hong Kong Holdings's Scope 3 emissions have decreased by 11.24%, reflecting a declining long-term trend in Scope 3 emissions over time. a b

Compared to the previous year (2023), BOC Hong Kong Holdings's Scope 3 emissions decreased by 11.24%, highlighting the company's efforts to lower indirect emissions from its value chain. a

Insights into BOC Hong Kong Holdings’s GHG Emissions Intensity Compared to Industry Peers

In 2024, BOC Hong Kong Holdings reported Scope 1 greenhouse gas (GHG) emissions of 517 tCO₂e and total revenues of USD 9,249 millions. This translates into an emissions intensity of 0.06 tCO₂e per millions USD. a

BOC Hong Kong Holdings's Scope 1 Emissions Intensity Compared to Peers

101002,00020,000500,000Scope 1 Emissions (tCO2e)2001,0005,00020,00050,000Revenues (Millions of USD)CHana Financial GroupYear: 2023Scope 1: 7,816 tCO2eRevenue: $M 10,298Scope 1 Intensity: 0.76 tCO2e/$MAxis BankYear: 2025Scope 1: 11,347 tCO2eRevenue: $M 9,936Scope 1 Intensity: 1.14 tCO2e/$MCCCredicorpYear: 2024Scope 1: 5,041 tCO2eRevenue: $M 1,590Scope 1 Intensity: 3.17 tCO2e/$MDanske BankYear: 2024Scope 1: 215 tCO2eRevenue: $M 7,875Scope 1 Intensity: 0.03 tCO2e/$MMonte dei Paschi di SienaYear: 2024Scope 1: 9,341 tCO2eRevenue: $M 4,371Scope 1 Intensity: 2.14 tCO2e/$MGrupo Financiero BanorteYear: 2023Scope 1: 3,425 tCO2eRevenue: $M 11,489Scope 1 Intensity: 0.30 tCO2e/$MSkandinaviska Enskilda BankenYear: 2024Scope 1: 695 tCO2eRevenue: $M 7,409Scope 1 Intensity: 0.09 tCO2e/$MMizrahi Tefahot BankYear: 2024Scope 1: 2,212 tCO2eRevenue: $M 4,018Scope 1 Intensity: 0.55 tCO2e/$MHang Seng BankYear: 2024Scope 1: 117 tCO2eRevenue: $M 5,346Scope 1 Intensity: 0.02 tCO2e/$MOTP BankYear: 2024Scope 1: 118,470 tCO2eRevenue: $M 6,856Scope 1 Intensity: 17.28 tCO2e/$MKeyCorpYear: 2024Scope 1: 9,236 tCO2eRevenue: $M 4,393Scope 1 Intensity: 2.10 tCO2e/$MBRIYear: 2024Scope 1: 124,155 tCO2eRevenue: $M 10,838Scope 1 Intensity: 11.46 tCO2e/$MCitizens Financial GroupYear: 2024Scope 1: 9,552 tCO2eRevenue: $M 7,794Scope 1 Intensity: 1.23 tCO2e/$MBank of NanjingYear: 2023Scope 1: 2,792 tCO2eRevenue: $M 6,236Scope 1 Intensity: 0.45 tCO2e/$MResona HoldingsYear: 2024Scope 1: 4,321 tCO2eRevenue: $M 5,081Scope 1 Intensity: 0.85 tCO2e/$MKotak Mahindra BankYear: 2025Scope 1: 15,508 tCO2eRevenue: $M 8,929Scope 1 Intensity: 1.74 tCO2e/$MBank of East AsiaYear: 2024Scope 1: 2,254 tCO2eRevenue: $M 2,638Scope 1 Intensity: 0.85 tCO2e/$MRegions FinancialYear: 2024Scope 1: 6,004 tCO2eRevenue: $M 7,083Scope 1 Intensity: 0.85 tCO2e/$MFifth Third BancorpYear: 2024Scope 1: 9,449 tCO2eRevenue: $M 8,253Scope 1 Intensity: 1.14 tCO2e/$MNatWest GroupYear: 2024Scope 1: 9,402 tCO2eRevenue: $M 18,388Scope 1 Intensity: 0.51 tCO2e/$MDah Sing Banking GroupYear: 2023Scope 1: 95 tCO2eRevenue: $M 757Scope 1 Intensity: 0.13 tCO2e/$MLloyds Banking GroupYear: 2024Scope 1: 20,441 tCO2eRevenue: $M 23,345Scope 1 Intensity: 0.88 tCO2e/$MItau Unibanco HoldingYear: 2024Scope 1: 19,405 tCO2eRevenue: $M 25,668Scope 1 Intensity: 0.76 tCO2e/$MSaudi National BankYear: 2024Scope 1: 13 tCO2eRevenue: $M 10,238Scope 1 Intensity: 0.00 tCO2e/$MDah Sing Financial HoldingsYear: 2023Scope 1: 96 tCO2eRevenue: $M 795Scope 1 Intensity: 0.12 tCO2e/$MBOC Hong Kong HoldingsYear: 2024Scope 1: 517 tCO2eRevenue: $M 9,249Scope 1 Intensity: 0.06 tCO2e/$M

How does BOC Hong Kong Holdings's GHG emissions intensity compare to its peers?

In 2024, BOC Hong Kong Holdings reported a Scope 1 emissions intensity of 0.06 tCO₂e per millions USD. Compared to the peer group median of 0.85 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does BOC Hong Kong Holdings rank on GHG emissions intensity within its industry?

In 2024, BOC Hong Kong Holdings ranked 4 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places BOC Hong Kong Holdings among the top performers, with one of the lowest emissions intensities relative to peers. a

Insights into BOC Hong Kong Holdings's Total Carbon Footprint

In 2024, BOC Hong Kong Holdings reported a total carbon footprint of 51,133 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 0.89% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to BOC Hong Kong Holdings's total carbon footprint was Scope 2 emissions, accounting for 98.83% of the company's total carbon footprint, followed by Scope 1 emissions at 1.01%. a

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