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 36 is higher than 97% 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 15,025 kg CO2e, Scope 2 emissions of approximately 83,760,000 kg CO2e, and Scope 3 emissions totalling around 1,127,909,000 kg CO2e. The Scope 3 emissions breakdown reveals significant contributions from purchased goods and services (approximately 866,873,000 kg CO2e), business travel (about 133,878,000 kg CO2e), and capital goods (around 127,158,000 kg CO2e). In the preceding years, HSBC's emissions have shown fluctuations. For instance, in 2022, total emissions were approximately 116,197,000 kg CO2e, with Scope 1 at about 16,918 kg CO2e, Scope 2 at approximately 167,174,000 kg CO2e, and Scope 3 at around 1,113,498,000 kg CO2e. Notably, the company has not disclosed any specific reduction targets or initiatives as part of its climate commitments, indicating a potential area for future focus. HSBC's emissions data reflects its global operations, with a significant reliance on Scope 3 emissions, which are often the largest component for financial institutions. The company is headquartered in Hong Kong and continues to navigate the complexities of carbon management within the financial sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 22,066 | 00,000 | 00,000 | 00,000 | 00,000 |
| Scope 2 | 392,270,000 | 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 |
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.
