Grupo Financiero HSBC, S.A. de C.V. Sustainability Profile
Grupo Financiero HSBC, S.A. de C.V., commonly known as HSBC Mexico, is a leading financial institution headquartered in Mexico City, Mexico. Established in 1941, it has grown to become a significant player in the banking and financial services industry, serving millions of customers across the country and beyond. HSBC Mexico offers a comprehensive range of products and services, including personal and commercial banking, wealth management, and insurance solutions. Its commitment to innovation and customer service sets it apart in a competitive market. The bank has achieved notable milestones, including the expansion of its digital banking capabilities, which enhance customer experience and accessibility. With a strong market position, Grupo Financiero HSBC is recognised for its robust financial performance and dedication to sustainable practices, making it a trusted choice for individuals and businesses alike in Mexico and the wider Latin American region.
DitchCarbon Score
How does Grupo Financiero HSBC, S.A. de C.V.'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 Real Estate Services 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
Grupo Financiero HSBC, S.A. de C.V.'s score of 70 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Grupo Financiero HSBC, S.A. de C.V., headquartered in Mexico, currently does not have specific carbon emissions data available for the most recent year. The organisation is a current subsidiary of HSBC Holdings plc, which influences its climate commitments and emissions reporting. As part of its climate strategy, Grupo Financiero HSBC inherits initiatives and targets from its parent company, HSBC Holdings plc. This includes participation in the Carbon Disclosure Project (CDP) and commitments under the RE100 initiative, both of which are cascaded from HSBC Holdings plc at a level 2 relationship. However, specific reduction targets or achievements have not been detailed for Grupo Financiero HSBC. The absence of direct emissions data suggests that the organisation is still in the process of establishing its own metrics and targets, while aligning with the broader sustainability goals set by its parent company. As the financial sector increasingly prioritises climate action, Grupo Financiero HSBC is expected to develop its own strategies to address carbon emissions and contribute to global climate commitments.
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| 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - | 0,000 | 0,000 | 0,000 | 0,000 | 0,000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000,000 |
| 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 | 000,000,000 | 000,000,000 | 00,000,000 | 000,000,000 | 0,000,000,000 | 00,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Grupo Financiero HSBC, S.A. de C.V.'s Industry?
How Carbon Intensive is Grupo Financiero HSBC, S.A. de C.V.'s Location?
Grupo Financiero HSBC, S.A. de C.V.'s Scope 3 Categories Breakdown
Grupo Financiero HSBC, S.A. de C.V.'s Scope 3 emissions, which increased by 1% last year and increased significantly since 2004, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 49% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 77% of Scope 3 emissions.
Top Scope 3 Categories
Grupo Financiero HSBC, S.A. de C.V.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Grupo Financiero HSBC, S.A. de C.V. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
