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 27 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
HSBC's reported carbon emissions
In 2022, HSBC reported total carbon emissions of approximately 190,000,000 kg CO2e for Scope 1, 224,000,000 kg CO2e for Scope 2, and 802,000,000 kg CO2e for Scope 3 emissions. This indicates a significant reliance on indirect emissions, particularly from purchased goods and services, which accounted for about 648,000,000 kg CO2e. HSBC has not disclosed specific reduction targets or initiatives as part of its climate commitments. However, the bank's emissions data highlights its substantial carbon footprint, particularly in Scope 3 emissions, which are critical for understanding the full impact of its operations. The absence of defined reduction targets suggests a need for further commitment to climate action in line with industry standards. As HSBC is headquartered in Hong Kong, its climate strategy will be essential in addressing both local and global environmental challenges.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2022 | |
|---|---|
| Scope 1 | 19,000,000 |
| Scope 2 | 224,000,000 |
| Scope 3 | 804,000,000 |
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 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.
