Hang Seng Bank Ltd
Hang Seng Bank's GHG Emissions Data Preview
In 2023, 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) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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Verified Sources Behind Hang Seng Bank’s Greenhouse Gas (GHG) Emissions Data
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Insights into Hang Seng Bank's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Hang Seng Bank amounted to 13,703 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 2022, the total operational greenhouse gas (GHG) emissions of Hang Seng Bank decreased by 9.21%, 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 2023, the total Scope 1 emissions of Hang Seng Bank were 137.87 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 28.89%, reflecting a declining long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2022), Hang Seng Bank's Scope 1 emissions increased by 37.07%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Hang Seng Bank's Scope 2 emissions?
In 2023, Hang Seng Bank reported Scope 2 greenhouse gas (GHG) emissions of 13,565.13 tCO₂e without specifying the calculation method. a
Has Hang Seng Bank reduced its Scope 2 emissions over time?
Since 2019, Hang Seng Bank's Scope 2 greenhouse gas (GHG) emissions (Unspecified Calculation Method) have decreased by 31.71%, reflecting a declining long-term trend in Scope 2 emissions over time. a b
Compared to the previous year (2022), Hang Seng Bank's Scope 2 emissions (Unspecified Calculation Method) 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 2023, Hang Seng Bank reported its Scope 2 emissions using an unspecified methodology. a
Hang Seng Bank's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Hang Seng Bank's Value Chain Emissions
In 2023, Hang Seng Bank reported 854.26 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 2023 disclosure of Hang Seng Bank includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, 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 2023, Hang Seng Bank reported total Scope 3 emissions of 854.26 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 emissions have remained relatively stable, indicating that Hang Seng Bank 's emissions have plateaued with no significant change in its value chain footprint. a b
Compared to the previous year (2022), Hang Seng Bank's Scope 3 emissions increased by 121.13%, 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 2023, Hang Seng Bank reported emissions for 3 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 2023, the largest contributors to Hang Seng Bank's Scope 3 emissions were: a
- Business Travel (Cat. 6): 578.23 tCO₂e (67.69%)
- Fuel- and Energy-Related Services (Cat. 3): 260.02 tCO₂e (30.44%)
- Upstream Transportation and Distribution (Cat. 4): 16.02 tCO₂e (1.88%)
Hang Seng Bank's Scope 3 Emissions by Categories
Insights into Hang Seng Bank's Total Carbon Footprint
In 2023, Hang Seng Bank reported a total carbon footprint of 14,557.26 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.96% decrease compared to 2022, 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 93.18% of the company's total carbon footprint, followed by Scope 3 emissions at 5.87%. a