The Hongkong and Shanghai Banking Corporation Limited
The Hongkong and Shanghai Banking Corporation Limited, commonly known as HSBC, is a leading global banking and financial services organisation headquartered in Hong Kong. Founded in 1865, HSBC has established a strong presence across Asia, Europe, the Americas, the Middle East, and Africa, making it one of the world's largest banking institutions. HSBC operates primarily in the banking industry, offering a diverse range of services including retail banking, wealth management, commercial banking, and global banking and markets. Its unique approach combines local expertise with global reach, catering to millions of customers worldwide. Notable achievements include its pivotal role in facilitating international trade and investment, solidifying its position as a trusted financial partner. With a commitment to innovation and sustainability, HSBC continues to adapt to the evolving financial landscape, maintaining its status as a key player in the global banking sector.
DitchCarbon Score
How does The Hongkong and Shanghai Banking Corporation Limited'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
The Hongkong and Shanghai Banking Corporation Limited's score of 20 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
The Hongkong and Shanghai Banking Corporation Limited's reported carbon emissions
The Hongkong and Shanghai Banking Corporation Limited (HSBC) has not publicly disclosed specific carbon emissions data for the most recent year, as there is no available information on their absolute emissions in kg CO2e. Consequently, details regarding their Scope 1, 2, or 3 emissions remain unspecified. In terms of climate commitments, HSBC has not outlined any documented reduction targets or initiatives. This lack of specific data suggests that while the bank may be engaged in climate-related efforts, further transparency regarding their emissions and reduction strategies is necessary to assess their environmental impact effectively. As a major player in the financial sector, HSBC's climate commitments are crucial in the context of global sustainability goals. However, without concrete figures or targets, it is challenging to evaluate their progress in reducing carbon emissions and contributing to climate action.
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.
The Hongkong and Shanghai Banking Corporation Limited is not committed to any reduction initiatives 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.
