HSBC Asia Holdings Limited Sustainability Profile
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 24 is higher than 50% 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 Asia Holdings Limited's reported carbon emissions
In 2023, HSBC Asia Holdings Limited reported greenhouse gas emissions of approximately 2,290 kg CO2e per full-time equivalent (FTE), reflecting a slight increase from about 2,160 kg CO2e per FTE in 2022. This data is cascaded from its parent company, HSBC Holdings plc, indicating a corporate family relationship that influences its emissions reporting. Currently, HSBC Asia Holdings Limited has not disclosed specific targets for emissions reduction or climate initiatives, nor does it report on Scope 1, 2, or 3 emissions. The absence of defined reduction targets suggests a need for enhanced climate commitments within the organisation. As a current subsidiary of HSBC Holdings plc, HSBC Asia Holdings Limited aligns with broader corporate sustainability efforts, although specific initiatives or pledges at the subsidiary level remain unspecified. The company is encouraged to establish clear climate commitments to contribute effectively to global climate goals.
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HSBC Asia Holdings Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
HSBC Asia Holdings Limited has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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