Hsbc Holdings
HSBC Holdings plc, commonly known as HSBC, is a leading global banking and financial services organisation headquartered in London, GB. Founded in 1865, HSBC has established a significant presence in key markets across Asia, Europe, North America, and the Middle East, making it one of the world's largest banking institutions. Operating primarily in the banking and financial services industry, HSBC offers a diverse range of products and services, including retail banking, wealth management, commercial banking, and investment banking. Its unique global network and commitment to sustainability set it apart in a competitive landscape. With a strong market position, HSBC has achieved numerous accolades, including recognition for its innovative digital banking solutions and commitment to responsible finance. The bank continues to adapt and thrive in an ever-evolving financial environment, maintaining its status as a trusted partner for millions of customers worldwide.
DitchCarbon Score
How does Hsbc Holdings'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 Holdings's score of 91 is higher than 100% 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 Holdings's reported carbon emissions
In 2024, HSBC Holdings reported total carbon emissions of approximately 1,226,693,000 kg CO2e. This includes Scope 1 emissions of about 15,025,000 kg CO2e, Scope 2 emissions of approximately 83,760,000 kg CO2e, and significant Scope 3 emissions of around 1,127,909,000 kg CO2e, with major contributions from purchased goods and services (about 866,873,000 kg CO2e) and business travel (approximately 133,878,000 kg CO2e). HSBC has set ambitious climate commitments, aiming for a net-zero target across its operations and supply chain by 2050. In the near term, the bank targets a 34% absolute reduction in on-balance sheet financed emissions by 2030, using 2019 as the baseline. Additionally, HSBC aims to reduce its Scope 1 and 2 emissions by over 90% by 2030, leveraging energy efficiency improvements and investments in renewable energy. The bank has also committed to sourcing 100% of its electricity from renewable sources by 2030. Furthermore, HSBC's UK Pension Scheme has pledged to achieve net-zero greenhouse gas emissions across its assets by 2050 or sooner. These initiatives reflect HSBC's dedication to addressing climate change and reducing its carbon footprint in alignment with global climate goals.
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| 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - | 00,000,000 | 00,000 | 00,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | - | - | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | 88,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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 Holdings is participating in some 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.
