- Supply chain disruptions due to climate events
- Data limitations in calculating financed emissions
- Evolving regulatory expectations for climate-related disclosures
Hong Leong Financial Group Berhad
Greenhouse gas emissions & sustainability report data
By scope: Scope 1: 221 tCO2e/year; Scope 2: 32.1K tCO2e/year; Scope 3: 15.9K 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.
Water Usage
317.5K m3/year
2023-07 to 2024-06
Waste
37.9 tons/year
2023-07 to 2024-06
Energy Use
44.9M kWh/year
2023-07 to 2024-06
📊 Emissions by Scope (2023-07 to 2024-06)
| 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). | 221 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 32.1K tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 15.9K 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 |
|---|---|
| 2022-07 to 2023-06 | 32.8K tCO2e/year (FY2023) |
| 2021-07 to 2022-06 | 26.8K tCO2e/year |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Established a Group-wide Net Zero by 2050 commitment and set short-term targets for all key operating companies to reduce emissions with a 15% to 25% reduction of Scope 1 & 2 GHG emissions by FY2026.
- HLFG (entity) achieved scope 1 and scope 2 GHG reduction of 28%
- Cumulatively delivered RM3.5 billion financing for renewable energy projects
- Increased outstanding green car loans to RM1.2 billion
- Grew green bonds and sukuk holdings by 120% to RM165 million
🎯 Climate & Sustainability Targets
🔜 Short-term
- 15% to 25% reduction of GHG Scope 1 and 2 emissions by FY2026
🔭 Long-term
- Net Zero Operational Emissions for GHG Scope 1 and 2 by 2050
🌱 ESG Focus Areas
Climate ChangeDiversity & InclusionGovernanceCommunity InvestmentDigitalizationWorkforce Readiness