HSBC Asia Holdings Limited
HSBC Asia Holdings Limited, a prominent subsidiary of HSBC Holdings plc, is headquartered in Hong Kong (HK) and operates extensively across the Asia-Pacific region. Founded in 1865, the company has established itself as a leader in the banking and financial services industry, offering a diverse range of products and services tailored to meet the needs of individuals and businesses alike. With a strong focus on retail banking, wealth management, and commercial banking, HSBC Asia Holdings is renowned for its innovative solutions and customer-centric approach. The firm has achieved significant milestones, including expanding its digital banking capabilities and enhancing its sustainability initiatives. As a key player in the financial sector, HSBC Asia Holdings Limited continues to solidify its market position through strategic investments and a commitment to excellence in service delivery.
DitchCarbon Score
How does HSBC Asia Holdings Limited'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
HSBC Asia Holdings Limited's score of 49 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
HSBC Asia Holdings Limited's reported carbon emissions
In 2023, HSBC Asia Holdings Limited reported total carbon emissions of approximately 136,466,000 kg CO2e. This figure includes Scope 1 emissions of about 16,918,000 kg CO2e, Scope 2 emissions of around 167,174,000 kg CO2e, and Scope 3 emissions totalling approximately 1,127,909,000 kg CO2e. Within Scope 3, significant contributors were purchased goods and services at about 880,494,000 kg CO2e, business travel at approximately 109,241,000 kg CO2e, and capital goods at around 123,763,000 kg CO2e. In 2022, the company recorded total emissions of about 116,197,000 kg CO2e, with Scope 1 emissions at approximately 19,329,000 kg CO2e, Scope 2 emissions of around 223,334,000 kg CO2e, and Scope 3 emissions of about 1,113,498,000 kg CO2e. Despite these figures, HSBC Asia Holdings Limited has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction targets suggests a need for enhanced climate commitments within the organisation. As the financial sector increasingly prioritises sustainability, HSBC's future climate strategies will be crucial in aligning with global climate goals.
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Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 392,270,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | 1,356,631,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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 Asia Holdings Limited 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.
