Caring For Environment
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Green
Banking

We are committed to minimising the environmental impact of our operations

To put green banking into practice, we have created a Sustainability Policy which sets out our key principles and sustainable operation practices. We are taking steps towards low-carbon and energy efficient operations, and are working with our customers to protect the environment through online and paperless banking services.

2023 Target
Completion
Status
(Baseline Year: 2019)

Carbon Emissions
Target: 40% reduction by 2025

100%

Electricity Consumption
Target: 17% reduction by 2025

100%

Environmental Targets

We have responded to the national and Hong Kong SAR Government’s initiatives and aim to achieve carbon neutrality in our own operations by 2030. In pursuit of our carbon neutrality target, we have set four major green operational goals for 2025 compared with the baseline year 2019, to manage the environmental footprint of our operations.
Four Green Operation Goals
Energy Consumption
Electricity Consumption
100%
reduction by 2025
Carbon Emissions
Carbon Emissions (Scope 1 and 2)
100%
reduction in absolute carbon emissions by 2025
Water Consumption
Water Consumption*
100%
reduction by 2025
Paper Purchase
Paper Consumption*
100%
reduction by 2025

*The reporting of water consumption and paper consumption data covers only the Group’s business outlets, branches, office buildings (owned) and leased offices in Hong Kong during the reporting period. Paper consumption refers to purchases of paper.

Environmental Management

We have implemented a series of environmental management systems at our major business premises:
  • ISO 14001 Environmental Management Systems Certification
  • ISO 50001 Energy Management Systems Certification
  • The Indoor Air Quality Certificate from the Environmental Protection Department
  • The Certificate of Quality Water Supply Scheme for Buildings – Fresh Water (Plus) issued by the Water Supplies Department
  • The Certificate of Quality Water Supply Scheme for Buildings – Flushing Water issued by the Water Supplies Department
BOCHK is selected as "Asia-Pacific Climate Leaders" for three consecutive years (2022, 2023 and 2024)
Climate Leader 2022
Climate Leader 2023
Climate Leader 2024

The Financial Times and Statista jointly organised the "Asia-Pacific Climate Leaders" recognition to select companies that have achieved the greatest reductions in core GHG emissions in the Asia-Pacific region. BOCHK have been selected as one of the Hong Kong companies to be honoured for three consecutive years.

The first commercial bank in Hong Kong to achieve carbon neutrality in its owned properties

In June 2024, BOCHK’s two iconic buildings, Bank of China Tower and Bank of China Building, have attained carbon neutrality certified by the China Quality Certification Center (CQCC) and the Hong Kong Quality Assurance Agency (HKQAA). Both organisations conducted the verification in accordance to the international carbon verification standard ISO 14064 and carbon neutrality standard PAS2060.

Receiving green building qualifications
Receiving green building qualifications

Bank of China Tower, together with BOC Building, BOC Centre, BOC Credit Card Centre and BOC Wan Chai Commercial Centre have been awarded the Platinum rating under BEAM Plus EB V2.0 (Comprehensive Scheme A) by the Hong Kong Green Building Council. Bank of China Tower has also received the “GBA Low Carbon Buildings Top 100 Award” by the Greater Bay Area Carbon Neutrality Association.

Promoting renewable energy
Promoting renewable energy

Solar photovoltaic panels have been installed at our BOC Cheung Sha Wan Building, and we are exploring the feasibility of installing solar panels and wind turbines at other office buildings.

Emission reduction measures in branches
Emission reduction measures in branches

BOCHK is fully committed to implementing the “Green Branch Pilot Scheme”. When opening new branches or performing renovation work, we use ESG-certified environmentally friendly materials and energy-efficient equipment, redeploys facilities based on the principle of “reuse whenever possible” to avoid unnecessary purchases and waste, and implements energy conservation and emissions reduction practices, with the goal of reducing energy consumption at each branch and promoting environmental protection.

Joining Hands with Customers to Protect the Environment

We actively involve our customers as “green partners” to reduce our impact on the environment. In line with our digital transformation, we offer high-quality and diversified online banking services. We are committed to promoting paperless banking and supporting low-carbon banking.
Actively promote the usage of mobile banking
Energy Consumption
Total number of mobile banking customers
0 million
Encourage customers to switch to e-statements
Energy Consumption
e-statement penetration rate of new customers under 65 years old has increased to
0%
Introduced “paperless archiving of credit documents” project
Energy Consumption
Expected to reduce paper consumption annually
0 pieces
paper receipts
Encourage customer to use e-Advice
Energy Consumption
e-Advice used for ATM transactions annually
0 million

The above figures are up to the end of 2023

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