HSBC Bank Canada Sustainability Profile
HSBC Bank Canada, a subsidiary of the global HSBC Group, is headquartered in Vancouver, British Columbia. Established in 1981, the bank has grown to become a significant player in the Canadian banking industry, with a strong presence in major urban centres across the country. Specialising in personal and commercial banking, wealth management, and global banking services, HSBC Bank Canada offers a diverse range of products tailored to meet the needs of its clients. Notable offerings include innovative digital banking solutions and comprehensive financial services that cater to both individual and corporate customers. With a commitment to sustainability and community engagement, HSBC Bank Canada has achieved recognition for its responsible banking practices, positioning itself as a trusted financial partner in the Canadian market.
DitchCarbon Score
How does HSBC Bank Canada'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 Canada's score of 59 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
HSBC Bank Canada currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of emissions figures. The bank is a current subsidiary of HSBC Holdings plc, and its climate commitments and performance may be influenced by the broader initiatives of its parent company. While there are no documented reduction targets or specific climate pledges from HSBC Bank Canada, it is important to note that emissions data and performance metrics may be cascaded from related organizations. In this case, emissions data and performance information are inherited from the Royal Bank of Canada, which operates at a cascade level of 1. This relationship may provide insights into the bank's overall climate strategy and performance. As part of the financial sector, HSBC Bank Canada is likely to align with industry standards and best practices regarding climate commitments, although specific details on their initiatives or targets are not available at this time. The bank's approach to sustainability and carbon reduction will be essential in addressing the growing concerns around climate change and environmental impact.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 35,905,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 86,816,000 | 00,000,000 | 00,000,000 | 00,000,000 | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is HSBC Bank Canada's Industry?
How Carbon Intensive is HSBC Bank Canada's Location?
HSBC Bank Canada's Scope 3 Categories Breakdown
HSBC Bank Canada's Scope 3 emissions, which decreased by 5% last year and increased by approximately 4% since 2015, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 51% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
HSBC Bank Canada'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 Canada 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.
