Hang Seng Bank Ltd
Hang Seng Bank's GHG Emissions Data Preview
In 2024, Hang Seng Bank 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).
Hang Seng Bank has also provided a category-level breakdown for 3 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy/Paste is a PRO feature.  a | 0000000 | Copy/Paste is a PRO feature.  a | 0000000 |
Location-Based | Copy/Paste is a PRO feature.  | 0000000 | Copy/Paste is a PRO feature. | 0000000 |
Unspecified Calculation Method | Copy/Paste is a PRO feature. | 0000000 | Copy/Paste is a PRO feature. | 0000000 |
Total Scope 3 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0000000 | Copy/Paste is a PRO feature.  a | Copy/Paste is a PRO feature.  a | 0000000 |
Verified Sources Behind Hang Seng Bank’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 Hang Seng Bank’s data sources below and access millions more through our Disclosure Search.
Insights into Hang Seng Bank's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Hang Seng Bank amounted to 12,375.24 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 Hang Seng Bank decreased by 9.69%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
Hang Seng Bank's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Hang Seng Bank's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Hang Seng Bank were 116.55 metric tons of CO₂ equivalent (tCO₂e).a
Has Hang Seng Bank reduced its Scope 1 emissions over time?
Since 2019, Hang Seng Bank's Scope 1 emissions have decreased by 39.88%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Hang Seng Bank's Scope 1 emissions decreased by 15.46%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
What are Hang Seng Bank's Scope 2 emissions?
In 2024, Hang Seng Bank reported Scope 2 greenhouse gas (GHG) emissions of 12,258.69 tCO₂e using the market-based method.a
Has Hang Seng Bank reduced its Scope 2 emissions over time?
Compared to the previous year (2023), Hang Seng Bank's Scope 2 emissions (Market-Based) have remained relatively stable, indicating that Hang Seng Bank's emissions have plateaued with no significant change in its energy consumption footprint.a
What methodology does Hang Seng Bank use for Scope 2 reporting?
In 2024, Hang Seng Bank reported its Scope 2 emissions using the market-based method.a
Hang Seng Bank's Scope 2 Emissions Over Time
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into Hang Seng Bank's Value Chain Emissions
In 2024, Hang Seng Bank reported 874.38 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 Hang Seng Bank includes a breakdown across 1 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
Hang Seng Bank's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Hang Seng Bank's Scope 3 emissions?
In 2024, Hang Seng Bank reported total Scope 3 emissions of 874.38 metric tons of CO₂ equivalent (tCO₂e).a
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.a
Has Hang Seng Bank reduced its Scope 3 emissions over time?
Since 2019, Hang Seng Bank's Scope 3 emissionshave remained relatively stable, indicating that Hang Seng Bank's emissions have plateaued with no significant change in its value chain footprint.ab
Compared to the previous year (2023), Hang Seng Bank's Scope 3 emissions increased by 51.22%, suggesting that the company faced challenges in reducing emissions across its value chain.a
What categories of Scope 3 emissions does Hang Seng Bank disclose?
In 2024, Hang Seng Bank reported emissions for 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of Hang Seng Bank's Scope 3 emissions?
In 2024, the largest contributors to Hang Seng Bank's Scope 3 emissions were:a
- Business Travel (Cat. 6): 874.38 tCO₂e (100%)
Hang Seng Bank's Scope 3 Emissions by Categories
Insights into Hang Seng Bank’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Hang Seng Bank reported Scope 1 greenhouse gas (GHG) emissions of 116.55 tCO₂e and total revenues of USD 5,346 millions. This translates into an emissions intensity of 0.02 tCO₂e per millions USD.a
Hang Seng Bank's Scope 1 Emissions Intensity Compared to Peers
How does Hang Seng Bank's GHG emissions intensity compare to its peers?
In 2024, Hang Seng Bank reported a Scope 1 emissions intensity of 0.02 tCO₂e per millions USD. Compared to the peer group median of 0.43, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does Hang Seng Bank rank on GHG emissions intensity within its industry?
In 2024, Hang Seng Bank 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 Hang Seng Bank among the top performers, with one of the lowest emissions intensities relative to peers.a
Insights into Hang Seng Bank's Total Carbon Footprint
In 2024, Hang Seng Bank reported a total carbon footprint of 13,249.62 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 7.22% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Hang Seng Bank's total carbon footprint was Scope 2 emissions, accounting for 92.52% of the company's total carbon footprint, followed by Scope 3 emissions at 6.6%.a