- Climate change poses significant challenges to social stability and economic progress, potentially inducing material financial risks for financial institutions.
- Managing climate-related risks across the value chain, including physical risks (extreme weather events) and transition risks (policy changes, market shifts).
Bank of Communications (Hong Kong) Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Bank of Communications (Hong Kong) Limited disclosed greenhouse gas emissions of 5.7K tCO2e (operational). By scope: Scope 1: 164.43 tCO2e; Scope 2: 5.0K tCO2e; Scope 3: 570.90 tCO2e. 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
5.7K tCO2e (operational)
2023
Water Usage
9.3K m3
2023
Waste
473.29 tons (paper)
2023
Energy Use
8.8K MWh
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). | 164.43 tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 5.0K tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 570.90 tCO2e |
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 | 5.7K tCO2e (operational) |
| 2022 | 11.3K tCO2e |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced operational GHG emissions intensity to 3.13 tCO2e per person in 2023.
- Launched "Green Mortgage Special Interest Rate Program", resulting in 42 applications disbursed totaling HKD 296.44 million by April 2024.
- Successfully subscribed to HKD 280 million in retail green bonds in September 2023.
🎯 Climate & Sustainability Targets
📅 Medium-term
- Reduce GHG emissions at operational level by half in 2035 (2022 as baseline)
🔭 Long-term
- Achieve net-zero GHG emissions at operational level in 2050
- Achieve net-zero financed emissions in 2060
🌱 ESG Focus Areas
Climate ChangeGreen Finance