Hong Leong Bank Bhd
Hong Leong Bank's GHG Emissions Data Preview
In 2024, Hong Leong 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).
Hong Leong Bank 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) | 2024 | 2023 | 2022 | 2021 - 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 Hong Leong Bank’s Greenhouse Gas (GHG) Emissions Data
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Insights into Hong Leong Bank's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of Hong Leong Bank amounted to 26,399 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 Hong Leong Bank decreased by 4.89%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
Hong Leong Bank's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Hong Leong Bank's Scope 1 emissions?
In 2024, the total Scope 1 emissions of Hong Leong Bank were 121 metric tons of CO₂ equivalent (tCO₂e). a
Has Hong Leong Bank reduced its Scope 1 emissions over time?
Since 2019, Hong Leong Bank's Scope 1 emissions have decreased by 35.64%, reflecting a declining long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2023), Hong Leong Bank's Scope 1 emissions decreased by 14.18%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are Hong Leong Bank's Scope 2 emissions?
In 2024, Hong Leong Bank reported Scope 2 greenhouse gas (GHG) emissions of 26,278 tCO₂e without specifying the calculation method. a
Has Hong Leong Bank reduced its Scope 2 emissions over time?
Since 2019, Hong Leong Bank's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have decreased by 27.49%, reflecting a declining long-term trend in Scope 2 emissions over time. a
Compared to the previous year (2023), Hong Leong Bank's Scope 2 emissions (Unspecified Calculation Method) have remained relatively stable, indicating that Hong Leong Bank 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Hong Leong Bank use for Scope 2 reporting?
In 2024, Hong Leong Bank reported its Scope 2 emissions using an unspecified methodology. a
Hong Leong Bank's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Hong Leong Bank's Value Chain Emissions
In 2024, Hong Leong Bank reported 1,694,366 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 Hong Leong Bank includes a breakdown across 1 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
Hong Leong Bank's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Hong Leong Bank's Scope 3 emissions?
In 2024, Hong Leong Bank reported total Scope 3 emissions of 1,694,366 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 0% of these emissions originated from upstream activities such as purchased goods and capital goods, while 100% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Hong Leong Bank reduced its Scope 3 emissions over time?
Since 2019, Hong Leong Bank's Scope 3 emissions have increased by 13,331.36%, reflecting a rising long-term trend in Scope 3 emissions over time. a
Compared to the previous year (2023), Hong Leong Bank's Scope 3 emissions increased by 13,635.13%, suggesting that the company faced challenges in reducing emissions across its value chain. a
What categories of Scope 3 emissions does Hong Leong Bank disclose?
In 2024, Hong Leong 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 Hong Leong Bank's Scope 3 emissions?
In 2024, the largest contributors to Hong Leong Bank's Scope 3 emissions were: a
- Investments (Cat. 15): 1,680,542 tCO₂e (100%)
Hong Leong Bank's Scope 3 Emissions by Categories
Insights into Hong Leong Bank’s GHG Emissions Intensity Compared to Industry Peers
In 2024, Hong Leong Bank reported Scope 1 greenhouse gas (GHG) emissions of 121 tCO₂e and total revenues of USD 1,198 millions. This translates into an emissions intensity of 0.1 tCO₂e per millions USD. a
Hong Leong Bank's Scope 1 Emissions Intensity Compared to Peers
How does Hong Leong Bank's GHG emissions intensity compare to its peers?
In 2024, Hong Leong Bank reported a Scope 1 emissions intensity of 0.1 tCO₂e per millions USD. Compared to the peer group median of 0.82 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Hong Leong Bank rank on GHG emissions intensity within its industry?
In 2024, Hong Leong Bank ranked 4 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places Hong Leong Bank among the top performers, with one of the lowest emissions intensities relative to peers. a
Insights into Hong Leong Bank's Total Carbon Footprint
In 2024, Hong Leong Bank reported a total carbon footprint of 1,720,765 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 4,192.15% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Hong Leong Bank's total carbon footprint was Scope 3 emissions, accounting for 98.47% of the company's total carbon footprint, followed by Scope 2 emissions at 1.53%. a