HSBC Asia Holdings Limited

In 2023, HSBC Asia Holdings Limited reported total carbon emissions of approximately 136,466,000 kg CO2e. This figure includes 16,918,000 kg CO2e from Scope 1 emissions, 167,174,000 kg CO2e from Scope 2 emissions, and 1,127,909,000 kg CO2e from Scope 3 emissions, which encompasses significant categories such as capital goods (123,763,000 kg CO2e), business travel (109,241,000 kg CO2e), and purchased goods and services (880,494,000 kg CO2e). The company has shown a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. Over the years, HSBC has maintained a consistent approach to emissions reporting, with Scope 2 emissions remaining stable at approximately 392,270,000 kg CO2e in previous years, while Scope 1 emissions have fluctuated, indicating ongoing efforts to manage direct emissions. HSBC's climate commitments align with industry standards, focusing on transparency and accountability in emissions reporting. However, the absence of specific reduction targets suggests that further initiatives may be necessary to enhance their climate strategy. The company continues to monitor and report its emissions, reflecting a commitment to sustainability and environmental responsibility from its headquarters in Hong Kong.