Environment

Our Environment

Our Journey Towards Net Zero 2050

We are progressing towards our Net Zero 2050 ambition by driving decarbonisation across both our operations and our customers’ activities. Our focus remains clear: reduce financed and operational emissions, equip our front-liners with the right tools, and enable a responsible and low-carbon transition.

To learn more about our Net Zero 2050 strategy, please refer to our Sustainability Statement.

Scope 3 Category 15: Financed Emissions

We calculate our financed emissions in accordance with the Partnership for Carbon Accounting Financials (PCAF) Standard, which builds on the GHG Protocol Corporate Value Chain (Scope 3) Accounting and Reporting Standard.

Our financed emissions cover lending and investment activities across five PCAF asset classes, with a focus on eight high-emitting sectors: construction, real estate, iron and steel, forestry and logging, palm oil, oil and gas, power generation, and coal. Due to the timing of emissions and financial disclosures by our customers and investees, the reported data reflects a 12-month lag from the current reporting period.

To learn more about our latest financed emissions, please refer to our Sustainability Statement.