ESG Journey

As a corporate citizen, we are committed to sustainable development

We started our ESG journey more than a decade ago. Through a step-by-step process of exploration, research and innovation, we continue to advance our sustainability strategy in pursuit of ESG excellence. Ultimately, we expect this to result in long term value creation for our stakeholders.

Set up the CSR Committee which is chaired by the Chief Executive, and formulated the CSR Policy
Published our first standalone CSR Report

Formulated ESG-related policies including our Environmental Policy, Supply Chain Code of Conduct, Board Diversity Policy, etc.

Sponsored the “BOCHK Corporate Environmental Leadership Awards Programme” since 2015 to encourage enterprises in Hong Kong and the Pan-Pearl River Delta region to practise environmental protection, reduce pollution and carbon emissions
Signed and participated in the 4T partnership dialogue platform launched by the Environment Bureau of the HKSAR Government

Supported the HKMA’s financial inclusion agenda, launched a branch transformation programme, and enhanced SME services
Issued the “Bank of China (Hong Kong) Centenary Commemorative Banknote” and donated all net proceeds to local charitable causes

Established the Board-level Sustainability Committee
Verified the Sustainability Report by an independent third party since 2019
Active participant in the Hong Kong Green Finance Association
Provided charitable organisations with the “E-Donate Platform” to increase efficiency in handling donations
Pioneered five major financial relief schemes and introduced employee care initiatives in response to the COVID-19 pandemic

Formulated the 2021 – 2025 Sustainability Plan
Launched pioneering green products and continued to grow our green finance and ESG related investments
Announced a carbon neutrality target for our own operations
Launched the groundbreaking “S&P BOCHK Greater Bay Area Net Zero 2050 Climate Transition Index” with S&P Dow Jones Indices
Received highest MSCI ESG rating of AAA for two consecutive years
Named “Best Bank for CSR in Hong Kong” by Asiamoney for the fourth time
Named “ESG and CSR Market Leader in Hong Kong” by Euromoney

Listed in S&P Global’s Sustainability Yearbook (China Edition) 2024
Become a constituent of the FTSE4Good Index Series for the first time
"Low Risk" Rating from Sustainalytics
The first commercial bank in Hong Kong to achieve carbon neutrality in its owned properties
Formulated and disclosed the “ESG Sensitive Sector Strategy Statement” and “Carbon Offset Strategy Statement”
Launched the first ETF in Hong Kong that tracks an ESG index with investments in the Greater Bay Area
Received “Employer of the Year – Grand Award” in the Best HR Awards 2023 by CTgoodjobs
Named “Asia-Pacific Climate Leaders” by Financial Times for three consecutive years