Hsbc Amanah
HSBC Amanah, a prominent player in the Islamic banking sector, is headquartered in Malaysia (MY) and operates extensively across Southeast Asia. Established as a subsidiary of HSBC Holdings plc, the bank was founded to provide Shariah-compliant financial solutions, catering to the growing demand for ethical banking practices. Specialising in retail and corporate banking, HSBC Amanah offers a range of unique products and services, including Islamic financing, investment accounts, and wealth management solutions. Its commitment to innovation and customer-centric services has positioned it as a leader in the Islamic finance industry. With a strong market presence, HSBC Amanah has achieved significant milestones, including numerous awards for excellence in Islamic banking. The bank continues to uphold its reputation for integrity and reliability, making it a trusted choice for customers seeking Shariah-compliant financial services.
DitchCarbon Score
How does Hsbc Amanah'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 Amanah's score of 20 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hsbc Amanah's reported carbon emissions
In 2023, HSBC Amanah reported total carbon emissions of approximately 2,820,000 kg CO2e. This figure includes 13,000 kg CO2e from Scope 1 emissions, 2,141,000 kg CO2e from Scope 2 emissions, and 666,000 kg CO2e attributed to Scope 3 emissions, specifically from business travel. Comparatively, in 2022, the bank's total emissions were about 2,483,000 kg CO2e, with Scope 1 emissions at 93,000 kg CO2e, Scope 2 emissions at 2,218,000 kg CO2e, and Scope 3 emissions from business travel at 172,000 kg CO2e. Despite the increase in total emissions from 2022 to 2023, HSBC Amanah has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The bank's commitment to addressing climate change remains evident, although further details on their climate strategies and pledges are not available. Overall, HSBC Amanah's emissions profile highlights the importance of ongoing efforts to manage and reduce carbon emissions across all scopes, particularly in the context of global climate commitments.
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Add to project| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 93,000 | 00,000 |
| Scope 2 | 2,218,000 | 0,000,000 |
| Scope 3 | 172,000 | 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 Amanah is committed to some 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.
