HSBC Bank Australia Limited Sustainability Profile
HSBC Bank Australia Limited, a subsidiary of the global HSBC Group, is headquartered in Sydney, Australia. Established in 1965, the bank has grown to become a significant player in the Australian financial services industry, offering a wide range of products and services tailored to both personal and commercial clients. With a strong focus on retail banking, wealth management, and commercial banking, HSBC Australia is known for its innovative solutions, including competitive home loans and comprehensive investment services. The bank's commitment to sustainability and digital transformation sets it apart in a rapidly evolving market. As a key player in the Australian banking sector, HSBC Bank Australia Limited has achieved notable milestones, including recognition for its customer service excellence and a robust presence in major operational regions across the country.
DitchCarbon Score
How does HSBC Bank Australia 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 Financial Intermediation 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 Bank Australia Limited's score of 69 is higher than 83% 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 Bank Australia Limited currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of emissions figures. However, the bank is part of a broader corporate family that includes HSBC Holdings plc, which provides relevant climate initiatives and commitments. As a current subsidiary of HSBC Holdings plc, HSBC Bank Australia Limited inherits its climate commitments and reduction targets. HSBC Holdings plc has made significant pledges towards sustainability, including participation in the Carbon Disclosure Project (CDP) and the RE100 initiative, which aims for 100% renewable energy. These initiatives are cascaded down to HSBC Bank Australia Limited, reflecting the bank's commitment to addressing climate change. While specific reduction targets for HSBC Bank Australia Limited are not detailed, the overarching goals from HSBC Holdings plc indicate a strong focus on reducing carbon emissions across its operations. The bank's climate strategy aligns with industry standards, emphasising transparency and accountability in its environmental impact. In summary, while HSBC Bank Australia Limited does not report specific emissions data, it is committed to sustainability through its affiliation with HSBC Holdings plc, which drives its climate initiatives and reduction strategies.
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| 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - | 0,000 | 0,000 | 0,000 | 0,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | - | - | - | - | - | - | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | 88,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 000,000,000 | 0,000,000,000 | 00,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is HSBC Bank Australia Limited's Industry?
How Carbon Intensive is HSBC Bank Australia Limited's Location?
HSBC Bank Australia Limited's Scope 3 Categories Breakdown
HSBC Bank Australia Limited's Scope 3 emissions, which increased by 1% last year and increased significantly since 2004, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 77% of Scope 3 emissions.
Top Scope 3 Categories
HSBC Bank Australia 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 Bank Australia Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
