Hang Seng Bank Ltd is a leading financial institution based in Hong Kong that operates in the retail banking sector. The bank has a rich history dating back to 1933 when it was founded as Hang Seng Ngan Ho. Over the years, the bank has grown to become one of the most respected financial institutions in the region, with a strong reputation for innovation, customer service, and social responsibility.

As a responsible corporate citizen, Hang Seng Bank is committed to promoting sustainable development and decarbonisation. The bank recognises that climate change is one of the most significant challenges facing the world today, and it has taken proactive steps to reduce its carbon footprint and promote renewable energy.

One of the key ways that Hang Seng Bank is promoting decarbonisation is through its corporate energy strategy. The bank has implemented a range of measures to reduce its energy consumption and improve energy efficiency. These include the installation of energy-efficient lighting and air conditioning systems, the use of renewable energy sources such as solar panels, and the implementation of energy management systems to monitor and control energy usage.

Hang Seng Bank has also entered into corporate power purchase agreements (PPAs) with renewable energy providers. These agreements allow the bank to purchase renewable energy directly from the source, reducing its reliance on fossil fuels and promoting the growth of the renewable energy sector. The bank has committed to sourcing 100% of its electricity from renewable sources by 2025, a goal that it is well on track to achieve.

In addition to its corporate energy strategy, Hang Seng Bank is also actively promoting renewable energy in the wider community. The bank has launched a range of initiatives to raise awareness of the benefits of renewable energy and encourage its adoption. These include educational programmes for schools and community groups, as well as partnerships with renewable energy providers to offer discounted rates to customers who switch to renewable energy.

Hang Seng Bank's commitment to decarbonisation and renewable energy has earned it recognition from a range of organisations. In 2020, the bank was named as one of the top 100 global green energy leaders by Energy Intelligence, a leading energy research and analysis firm. The bank was also awarded the CarbonCare Label by CarbonCare InnoLab, in recognition of its efforts to reduce its carbon footprint and promote sustainable development.

In conclusion, Hang Seng Bank Ltd is a leading financial institution in Hong Kong that is committed to promoting sustainable development and decarbonisation. The bank has implemented a range of measures to reduce its energy consumption and promote renewable energy, including the use of corporate PPAs and the installation of energy-efficient systems. Hang Seng Bank's commitment to decarbonisation and renewable energy has earned it recognition from a range of organisations, and it is well on track to achieving its goal of sourcing 100% of its electricity from renewable sources by 2025.