HSBC
HSBC Holdings plc, 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 in key operational regions, including Asia, Europe, North America, and the Middle East. The bank operates primarily in the banking industry, offering a diverse range of services such as retail banking, wealth management, commercial banking, and investment banking. HSBC is renowned for its unique global reach and local expertise, providing tailored financial solutions to millions of customers worldwide. With a commitment to sustainability and innovation, HSBC has achieved notable milestones, including being one of the largest banks in the world by total assets. Its strong market position is underscored by a reputation for reliability and a comprehensive suite of products designed to meet the evolving needs of its clients.
DitchCarbon Score
How does HSBC'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 Business 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
HSBC's score of 20 is higher than 80% 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's reported carbon emissions
HSBC, headquartered in Hong Kong (HK), is actively engaged in addressing climate change through various initiatives. While specific emissions data for the most recent year is not available, the bank has made significant commitments to reduce its carbon footprint. HSBC has set ambitious targets aligned with industry standards, although detailed reduction targets and specific emissions figures are not provided. The bank's climate commitments reflect a broader industry trend towards sustainability, focusing on reducing greenhouse gas emissions across all scopes. HSBC is likely to be working on strategies to enhance energy efficiency, transition to renewable energy sources, and engage in sustainable financing practices. As the financial sector increasingly prioritises climate action, HSBC's ongoing efforts are crucial in contributing to global sustainability goals. The absence of specific emissions data highlights the need for transparency and accountability in corporate climate strategies.
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 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.
