GlobalData offers a comprehensive analysis of BOC Hong Kong, 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 BOC Hong Kong’s ESG performance. GlobalData’s company profile on BOC Hong Kong 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.
In October 2021, BOC Hong Kong formulated carbon neutrality goals and plans, serving as a solid foundation for accelerating green and carbon reduction in its own operations. This resulted in substantial reductions in paper consumption, electricity usage, water consumption, carbon emissions, and waste disposal since 2019. BOC Hong Kong's latest filings mentioned the keywords 'Carbon' and 'Emissions' most number of times in relation to 'Climate Change'.
The company has launched various activities to advocate sustainable development concepts, such as ESG promotion and training, a month-long "Go ESG" campaign, themed workshops, and online training. In 2021, the company's total Scope 1 emissions were 265 tCO2e, Scope 2 emissions were 45,580 tCO2e, while its total Scope 3 emissions were 64 tCO2e. The total greenhouse gas emissions (Scope 1, 2, and 3) declined by 30% when compared to the base year of 2019. The company plans to continue investing in emission reduction in the future. BOC Hong Kong's latest filings mentioned the keywords 'Carbon' and ' Emissions' most number of times in relation to 'Climate Change'.
BOC Hong Kong has achieved remarkable reductions in various aspects of its operations. In comparison to 2019, they have significantly decreased their paper consumption, electricity usage, water consumption, carbon emissions, and waste disposal. Notably, there has been a 15.6% decrease in total energy consumption, a 5% reduction in total water consumption, and a 2% reduction in water consumption per capita. Furthermore, the total paper purchase and paper purchase per capita have decreased by 24% and 22% respectively. Waste disposal has seen a significant decrease of 55.6 tonnes, with a corresponding 6% decrease in waste disposal per capita.
In Conclusion, BOC Hong Kong has made significant progress in its sustainability efforts, achieving remarkable reductions in various aspects of its operations. The company has successfully decreased paper consumption, electricity and water usage, carbon emissions, and waste disposal. These initiatives have resulted in a substantial decline in greenhouse gas emissions.