GlobalData offers a comprehensive analysis of The Bank of East Asia, providing key insights into its Environmental, Social, and Governance(ESG) factors. By closely monitoring and aggregating mentions of climate change and associated ESG keywords, GlobalData delivers valuable information on The Bank of East Asia‘s ESG performance. GlobalData’s company profile on The Bank of East Asia offers a 360-degree view of the company, SWOT analysis, key financials, and business strategy including insights on ESG implementation among other information. Buy the report here.
Smarter leaders trust GlobalData
The Bank of East Asia (BEA) has set target for net zero in its own operations by 2050 financed activities and for its own operations by 2030 as part of its commitment to sustainability. BEA is actively working towards reducing its carbon/greenhouse gas (GHG) emissions. In 2022, The company reported GHG emissions for scope 1 was 2,374.94 tonnes CO2e, while scope 2 emissions were 20,945.67 tonnes CO2e. Also, GHG emission intensity per unit of GFA was 0.11 tonnes CO2e/m2.
BEA has taken steps to reduce its emissions and achieve its net-zero targets. The company has implemented various policies and initiatives related to environmental, social, and governance (ESG) practices. It is a member of several associations, NGOs, and chambers that focus on sustainable finance and green initiatives. BEA has also adopted charters and schemes related to sustainable procurement, external lighting, wood recycling, and more.
In terms of emissions reduction, BEA has likely implemented measures to reduce its scope 1, scope 2, and scope 3 emissions. BEA's involvement in green and sustainable finance frameworks, as well as its membership in organizations such as the UN Principles for Responsible Investments, suggests a commitment to reducing its environmental impact. The company's active involvement in ESG-related policies, memberships, and initiatives indicates a commitment to sustainability and responsible business practices.
In conclusion, The Bank of East Asia has set net-zero targets and is actively working towards reducing its carbon emissions and achieving sustainability goals. Additionally, reducing paper usage continues to be a primary focus for the company as they advance towards the objective of becoming a leaner, more efficient, and sustainable organization. BEA's involvement in ESG-related policies and memberships highlights its commitment to responsible business practices.
Data Insights
From
The gold standard of business intelligence.
Blending expert knowledge with cutting-edge technology, GlobalData’s unrivalled proprietary data will enable you to decode what’s happening in your market. You can make better informed decisions and gain a future-proof advantage over your competitors.
GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
GlobalData’s Company Filings Analytics uses machine learning to uncover key insights and track sentiment across millions of regulatory filings and other corporate disclosures for thousands of companies representing the world’s largest industries. This analysis is combined with crucial details on strategic and investment priorities, innovation strategies, and CXO insights to provide comprehensive company profiles.
