- Data and system limitations in disclosing financed emissions data
- Data and methodology limitations impacting climate scenario analysis
- Intense market competition for frontline personnel
- Evolving cyber threat landscape
Hang Seng Bank Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Hang Seng Bank Limited disclosed greenhouse gas emissions of 14.6K tCO2e/year. By scope: Scope 1: 137.87 tCO2e/year; Scope 2: 13.6K tCO2e/year; Scope 3: 854.26 tCO2e/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
14.6K tCO2e/year
2023
Renewable Energy
40%
of total energy
Water Usage
54.2K m3/year
2023
Waste
199.40 tons/year (disposed to landfill)
2023
Energy Use
26.0K MWh/year
2023
📊 Emissions by Scope (2023)
| 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). | 137.87 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 13.6K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 854.26 tCO2e/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 | 14.6K tCO2e/year |
| 2022-10-01 to 2023-09-30 | 26.0K tonnes of CO2e |
| 2021 | 16.4K tonnes of CO2e |
| 2020 | 19.6K tonnes of CO2e |
| 2019 | 20.9K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Hang Seng Bank Headquarters Workplace Transformation received the Grand Award for Existing Buildings Category: Completed Projects – Commercial at the Green Building Award 2023
- Reduced energy consumption by 21.1% (against 2018 baseline) as of September 2023
- Reduced GHG emissions (Scope 1 and 2) by 33.8% (against 2018 baseline) as of September 2023
- Reduced water consumption by 31.6% (against 2018 baseline) as of September 2023
- Diverted 52.7% of waste away from landfill
- Reduced total waste by 52.3% (against 2018 baseline)
🎯 Climate & Sustainability Targets
📅 Medium-term
- Achieve 100% renewable electricity by 2030
- Further enhance climate-related disclosures
🔭 Long-term
- Achieve net zero in own operations by 2030
🌱 ESG Focus Areas
Reduce the environmental impact of our daily operations and offer customers a wide range of green solutionsEnable younger generations to reach their full potentials, promote well-beings and professional developmentMaintain and uphold high standards of corporate governance by adopting ESG governance policy and risk management policy to be in line with international and local corporate governance best practices