In 2024, Hong Leong Bank conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards.The company provided a breakdown of its waste by treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.
| Metric (tonnes) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Waste Generated | 37.9a | 17.7a | 18a | |
Total Waste Recovered | 19.1a | 17.7a | 18a | |
Total Hazardous Waste Generated | N/A | N/A | N/A | |
Non-Hazardous Waste Disposed | N/A | N/A | N/A |
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In 2024, Hong Leong Bank generated a total of 38metric tonnes of waste.a
Of this amount, 50.4% of Hong Leong Bank's total waste generated was recovered through methods such as recycling, reuse, or composting, while 49.6% was disposed of through landfilling, incineration, or combustion.a
In 2024, Hong Leong Bank reported a total waste generation of 38 metric tonnes, of which 50.4% was recovered through recycling, reuse, or composting.This moderate level of recovery indicates that Hong Leong Bank is taking steps toward improving its waste diversion practices, though there is still room to enhance recycling and recovery efforts.a
Since 2022, Hong Leong Bank's total waste generation increased by 110.56%, including a 114.12%increase in 2024, indicating a persistent upward trend that may reflect scaling operations, inefficiencies in resource use, or a lack of effective waste minimization practices.a
Over the same period, Hong Leong Bank's waste recovery rate declined by 49.6%, with a further 49.6% drop in 2024, underscoring a weakening in waste diversion performance and a potential drift away from circular waste strategies.a
Overall, Hong Leong Bank is generating more waste while simultaneously backsliding on recovery efforts, both in the short and long term. This dual negative trend raises concerns about the company’s waste management priorities and its alignment with sustainability goals.