HSBC
HSBC Holdings plc, commonly known as HSBC, is a leading global bank headquartered in London, UK. Established in 1865, HSBC has grown to become one of the world's largest banking and financial services organisations, with a significant presence in Asia, Europe, the Americas, the Middle East, and Africa. Operating primarily in the banking industry, HSBC offers 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, allowing it to cater to a wide array of customer needs. With a strong market position, HSBC has achieved notable milestones, such as being one of the largest providers of trade finance and a key player in sustainable finance initiatives. The bank's commitment to innovation and customer service continues to set it apart in a competitive landscape.
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 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's score of 20 is lower than 93% 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 2024, HSBC reported a carbon intensity of approximately 193,900 kg CO2e per million USD in revenue, reflecting their Scope 1 and 2 emissions. However, specific total emissions data for the year is not available. HSBC has not outlined any formal reduction targets or initiatives in their recent disclosures, indicating a potential gap in their climate commitments. The bank's climate strategy is likely influenced by industry standards and expectations, as financial institutions increasingly focus on sustainability and reducing their carbon footprints. HSBC's commitment to addressing climate change is essential in the context of global efforts to achieve net-zero emissions. As the financial sector plays a crucial role in financing the transition to a low-carbon economy, HSBC's future actions will be closely monitored by stakeholders and environmental advocates alike.
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.
