- Weak global investment and consumption demand due to interest rate hikes and geopolitical tensions.
- Continued decline in Hong Kong’s residential property market.
- Significant increase in provision for impairment and write-off of loans and interest receivables and repossessed assets.
- Increase in force sales rate and decrease in fair value of underlying collaterals of mortgage loans.
- Growing risk of declining collateral values and increasing delinquent payments.
Hong Kong Finance Group Limited
Greenhouse gas emissions & sustainability report data
In its 2023-04 to 2024-03 reporting, Hong Kong Finance Group Limited disclosed greenhouse gas emissions of 51.29 tonnes of CO2e/year. By scope: Scope 1: 25.43 tonnes of CO2e/year; Scope 2: 25.86 tonnes of CO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
51.29 tonnes of CO2e/year
2023-04 to 2024-03
Waste
3.20 tons/year
2023-04 to 2024-03
Energy Use
124.17 MWh/year
2023-04 to 2024-03
📊 Emissions by Scope (2023-04 to 2024-03)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 25.43 tonnes of CO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 25.86 tonnes of CO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023-04 to 2024-03 | 51.29 tonnes of CO2e/year |
| 2022-04 to 2023-03 | 55.01 tonnes of CO2e/year |
| 2019 | 64.03 tonnes of CO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Maintained relatively stable air pollutant emissions (NOx, SO2, PM) throughout the year.
- Implemented fuel-saving policies, resulting in a slight decrease in energy consumption.
- Maintained stable non-hazardous waste generation through effective waste management.
🎯 Climate & Sustainability Targets
📅 Medium-term
- Reduce GHG emissions in line with business growth and employee increase.
- Reduce total energy consumption in line with business growth and employee increase.
- Reduce non-hazardous waste generation in line with business growth and employee increase.
🔭 Long-term
- Achieve zero carbon emission in our business.
🌱 ESG Focus Areas
Environmental ProtectionEmployee Well-beingEthical Business PracticesCommunity InvolvementData Privacy