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 35 is higher than 92% 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 total carbon emissions of approximately 136,466,000 kg CO2e. This figure includes Scope 1 emissions of about 1,204,000 kg CO2e, Scope 2 emissions of approximately 103,272,000 kg CO2e, and Scope 3 emissions related to business travel amounting to about 31,990,000 kg CO2e. In the previous year, 2022, the total emissions were about 116,197,000 kg CO2e, with Scope 1 emissions at approximately 915,000 kg CO2e, Scope 2 emissions at around 104,162,000 kg CO2e, and Scope 3 emissions from business travel at about 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 their carbon footprint. The company continues to report its emissions across all three scopes, demonstrating a commitment to transparency in its climate impact. HSBC's emissions per full-time equivalent (FTE) were reported as approximately 2,290 kg CO2e in 2023, up from about 2,160 kg CO2e in 2022, indicating a need for further action to manage and reduce their overall carbon emissions effectively.
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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 participating in any of the initiatives that 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.
