HSBC Bank Middle East Limited - Qatar Branch Sustainability Profile
HSBC Bank Middle East Limited - Qatar Branch, a prominent subsidiary of HSBC Holdings plc, is strategically headquartered in the United Arab Emirates. Established in 1946, HSBC has evolved into a leading player in the banking and financial services industry, with a strong presence across the Middle East, including Qatar. The bank offers a comprehensive range of services, including personal banking, commercial banking, and wealth management, distinguished by its commitment to customer service and innovative financial solutions. HSBC's robust market position is underscored by its extensive global network and expertise in international trade, making it a preferred choice for both individual and corporate clients in the region. With a focus on sustainability and digital transformation, HSBC Bank Middle East Limited continues to set benchmarks in the financial sector.
DitchCarbon Score
How does HSBC Bank Middle East Limited - Qatar Branch'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 Middle East Limited - Qatar Branch's score of 75 is higher than 87% 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 Middle East Limited - Qatar Branch currently does not report specific carbon emissions data, as no emissions figures are available. However, the branch is part of a broader corporate family that includes HSBC Holdings plc, which has established significant climate commitments and reduction initiatives. As a current subsidiary of HSBC Holdings plc, the Qatar Branch inherits its climate strategies and targets. HSBC Holdings plc has set ambitious goals to reduce its carbon footprint, with initiatives cascaded down to its subsidiaries. The bank is actively involved in the Carbon Disclosure Project (CDP) and has committed to the RE100 initiative, aiming for 100% renewable energy across its global operations. These commitments reflect a strong dedication to sustainability and climate action. While specific reduction targets for the Qatar Branch are not detailed, the overarching goals from HSBC Holdings plc indicate a commitment to achieving substantial emissions reductions in line with industry standards. The bank's climate strategy is aligned with global efforts to combat climate change, demonstrating its responsibility towards environmental stewardship.
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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 Middle East Limited - Qatar Branch's Industry?
How Carbon Intensive is HSBC Bank Middle East Limited - Qatar Branch's Location?
HSBC Bank Middle East Limited - Qatar Branch's Scope 3 Categories Breakdown
HSBC Bank Middle East Limited - Qatar Branch'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 Middle East Limited - Qatar Branch'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 Middle East Limited - Qatar Branch 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.
