HSBC Continental Europe, S.A.
HSBC Continental Europe, S.A., a key subsidiary of the global banking giant HSBC Holdings plc, is headquartered in France and operates extensively across the European market. Founded in 2002, the bank has established itself as a prominent player in the financial services industry, focusing on retail banking, wealth management, and commercial banking. With a commitment to innovation, HSBC Continental Europe offers a range of core products and services, including personal and business accounts, loans, and investment solutions tailored to meet diverse client needs. The bank's unique approach combines local expertise with global resources, positioning it as a trusted partner for individuals and businesses alike. Recognised for its strong market presence, HSBC Continental Europe continues to achieve significant milestones, reinforcing its reputation as a leader in the European banking sector.
DitchCarbon Score
How does HSBC Continental Europe, S.A.'s carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
HSBC Continental Europe, S.A.'s score of 36 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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HSBC Continental Europe, S.A.'s reported carbon emissions
In 2019, HSBC Continental Europe, S.A. reported significant financed emissions across various sectors, with a notable intensity of 460 kg CO2e per tonne for cement, 1,050 kg CO2e per tonne for steel, and 138,000 kg CO2e per gigawatt hour for electricity. The bank's emissions data highlights its role in financing industries with substantial carbon footprints, including transportation, where emissions intensity reached 66,000 kg CO2e per vehicle kilometre. Despite the detailed emissions intensity figures, HSBC Continental Europe has not disclosed specific reduction targets or initiatives aimed at decreasing its carbon emissions. The absence of a climate pledge or Science-Based Targets Initiative (SBTi) commitments suggests that the bank may still be in the early stages of formalising its climate strategy. Overall, while HSBC Continental Europe has provided insights into its financed emissions, further transparency regarding its climate commitments and reduction strategies would be beneficial for stakeholders concerned about its environmental impact.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
HSBC Continental Europe, S.A. is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
