Bank of East Asia Ltd 2023 SR
The report highlights BEA's progress toward its net zero targets, aiming for net zero operational emissions by 2030 and financed emissions by 2050. In 2023, the bank became the first Chinese member of the Net-Zero Banking Alliance and completed financed emissions measurements for five high-emitting sectors. Green and sustainable finance (GSF) loans and ESG bond investments grew to HK$70.6 billion, representing 14.9% of total corporate loans and bond investments. Operationally, the bank achieved a 31% reduction in Scope 1 and 2 emissions compared to the 2019 baseline. The company also invested over HK$12 million in employee training and contributed HK$14 million in charitable donations.
Company: Bank of East Asia Ltd
Sector: Finance & insurance
Country: Hong Kong
Year: 2023
Type: SR
Pages: 111
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Bank of East Asia Ltd
ESG Report
The report highlights BEA's progress toward its net zero targets, aiming for net zero operational emissions by 2030 and financed emissions by 2050. In 2023, the bank became the first Chinese member of the Net-Zero Banking Alliance and completed financed emissions measurements for five high-emitting sectors. Green and sustainable finance (GSF) loans and ESG bond investments grew to HK$70.6 billion, representing 14.9% of total corporate loans and bond investments. Operationally, the bank achieved a 31% reduction in Scope 1 and 2 emissions compared to the 2019 baseline. The company also invested over HK$12 million in employee training and contributed HK$14 million in charitable donations.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Published
Feb 1, 2024
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
Other Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Energy Consumption
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees