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 40 is higher than 90% 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 1,204,000 kg CO2e from Scope 1 emissions, 103,272,000 kg CO2e from Scope 2 emissions, and 31,990,000 kg CO2e attributed to Scope 3 emissions, specifically from business travel. In 2022, the company had total emissions of about 116,197,000 kg CO2e, with Scope 1 emissions at 915,000 kg CO2e, Scope 2 emissions at 104,162,000 kg CO2e, and Scope 3 emissions from business travel at 11,120,000 kg CO2e. Despite the increase in total emissions from 2022 to 2023, HSBC has not disclosed specific reduction targets or initiatives aimed at decreasing its carbon footprint. The company has reported greenhouse gas emissions per full-time equivalent (FTE) of approximately 2,290 kg CO2e in 2023, up from 2,160 kg CO2e in the previous year. HSBC's climate commitments and strategies remain unspecified, indicating a potential area for future development in their sustainability efforts.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 915,000 | 0,000,000 |
| Scope 2 | 104,162,000 | 000,000,000 |
| Scope 3 | 11,120,000 | 00,000,000 |
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.
