Hong Leong Financial Group Bhd

Common Name
Hong Leong Financial Group
Country
Malaysia
Sector
Financial Services
Industry
Banks - Regional
Employees
N/A
Ticker
HLFG
Exchange
BURSA MALAYSIA
Description
Hong Leong Financial Group Berhad is a diversified financial service holding company based in Malaysia. It primarily focuses on providing a broad range of financial products and services, prominently ...

Hong Leong Financial Group's Climate Target Data Preview

As of 2024, Hong Leong Financial Group has disclosed 1 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target, signaling the company’s commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Hong Leong Financial Group ’s climate strategy, ambition level, and alignment with global decarbonization goals.

Target TypeScope of TargetUnitTargetTarget Year
Absolute-based Target
Scope 1 - Total, Scope 2 - Total
Metric Tonnes of CO2 equivalent (mtCO2e)
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a
2026
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Verified Sources Behind Hong Leong Financial Group’s Climate Targets Data

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a. Hong Leong Financial Group's Annual Report 2024
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Insights into Hong Leong Financial Group's Greenhouse Gas Emissions Pathways

As of 2024, Hong Leong Financial Group has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions. a

Does Hong Leong Financial Group have a target to reduce the emissions from its operations?

As of 2024, Hong Leong Financial Group has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources. a

Hong Leong Financial Group's most ambitious operational target is to reduce these emissions by 15% by 2026, compared to a baseline of 44,269.863 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019. a

Hong Leong Financial Group has already surpassed its operational emissions reduction target, with 2024 levels falling below the 2026 value, achieving its climate goal ahead of schedule. a

Hong Leong Financial Group's Operational (Scope 1+2) Emissions Pathway

201920242026015 k30 k45 k60 kBaselineCurrent (-27%)Target 2026 (-15%)
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