Bank of East Asia Ltd 2024 SR
The report highlights BEA's progress toward its net-zero commitments, including setting interim emissions reduction targets for the automotive manufacturing and steel sectors. In 2024, the bank conducted a double materiality assessment and aligned its reporting with IFRS S2 Climate-related Disclosures. Key achievements include an 18% growth in green and sustainable finance loans, reaching HK$67.9 billion, and a 6% reduction in operational carbon emissions. The bank also enhanced its climate risk management with the 'Climate Risk Radar' and expanded community impact through 14,200+ volunteer hours.
Company: Bank of East Asia Ltd
Sector: Financials
Country: Hong Kong
Year: 2024
Type: SR
Pages: 139
Bank of East Asia Ltd
ESG Report
The report highlights BEA's progress toward its net-zero commitments, including setting interim emissions reduction targets for the automotive manufacturing and steel sectors. In 2024, the bank conducted a double materiality assessment and aligned its reporting with IFRS S2 Climate-related Disclosures. Key achievements include an 18% growth in green and sustainable finance loans, reaching HK$67.9 billion, and a 6% reduction in operational carbon emissions. The bank also enhanced its climate risk management with the 'Climate Risk Radar' and expanded community impact through 14,200+ volunteer hours.
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Document Details
Report Year
2024
Reporting Period
Jan 1, 2024 - Dec 31, 2024
Fiscal Year
2024
Published
Feb 1, 2025
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:
Scope 3:
Energy Consumption
Renewable Energy
Water Consumption
Total Waste
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees