- Financed emissions make up 99% of BEA’s carbon footprint.
- Softening demand for financing in a higher interest rate environment.
- Potential financial risks associated with climate change.
- Potential physical impacts of climate change on the Group’s business and operations.
The Bank of East Asia, Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, The Bank of East Asia, Limited disclosed greenhouse gas emissions of 23.1K tCO2e/year (Scope 1 & 2). By scope: Scope 1: 1.9K tCO2e/year; Scope 2: 10.1K 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
23.1K tCO2e/year (Scope 1 & 2)
2023
Water Usage
107.8K m3/year
2023
Waste
328.45 tonnes/year (non-hazardous)
2023
Energy Use
151.4K GJ/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). | 1.9K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 10.1K 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 | 23.1K tCO2e/year (Scope 1 & 2) |
| 2020 | 34.2K tCO2e/year |
| 2019 | 33.3K tCO2e/year (Scope 1 & 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- 31% reduction in Scope 1 and 2 absolute emissions compared to 2019 baseline.
- Completed installation of PV panels on the roof of 33 Des Voeux Road Central building in Hong Kong and Zhangjiang Data Center in Shanghai.
- Reduced paper orders by 72% for Hong Kong operations compared to 2020 baseline.
- Only reusable cutlery and utensils provided for events since 2023.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce water consumption
📅 Medium-term
- Achieve net zero emissions in our operations by 2030.
🔭 Long-term
- Achieve net zero emissions in our financed activities by 2050.
🌱 ESG Focus Areas
Climate ResilienceSustainable FinanceTalent Attraction and RetentionCommunity Partnerships and VolunteeringBusiness EthicsCybersecurity and Data PrivacyTreating Customers FairlyHealth, Safety, and WellbeingDiversity and Equal OpportunityResponsible Supply Chain Management