HSBC Bank plc
HSBC Bank plc, a prominent player in the global banking industry, is headquartered in London, Great Britain. Founded in 1865, HSBC has evolved into one of the world's largest banking and financial services organisations, with a strong presence in Asia, Europe, the Americas, the Middle East, and Africa. The bank offers a diverse range of core products and services, including retail banking, wealth management, commercial banking, and investment banking. HSBC is renowned for its commitment to sustainability and innovation, setting it apart in a competitive market. With a rich history marked by significant milestones, HSBC has established itself as a leader in international finance, consistently recognised for its robust financial performance and customer-centric approach. Its global reach and comprehensive service offerings make HSBC a trusted partner for individuals and businesses alike.
DitchCarbon Score
How does HSBC Bank plc'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 plc's score of 35 is higher than 57% 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 plc's reported carbon emissions
In 2023, HSBC Bank plc reported total carbon emissions of approximately 1,274,372,000 kg CO2e. This figure includes Scope 1 emissions of about 16,918,000 kg CO2e, Scope 2 emissions of approximately 167,174,000 kg CO2e, and significant Scope 3 emissions, which comprise capital goods (about 121,783,000 kg CO2e), business travel (approximately 109,241,000 kg CO2e), and purchased goods and services (around 859,256,000 kg CO2e). HSBC has set ambitious near-term targets to achieve net-zero emissions for both Scope 1 and Scope 2 by 2025, with nearly three-quarters of their initiatives on track to meet this goal. These commitments reflect the bank's dedication to reducing its carbon footprint and aligning with global climate standards. The emissions data is cascaded from HSBC Holdings plc, the parent company, which provides a broader context for the bank's sustainability efforts. HSBC Bank plc is actively working towards these climate commitments, demonstrating a proactive approach to environmental responsibility within the financial sector.
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| 2023 | |
|---|---|
| Scope 1 | 16,918,000 |
| Scope 2 | 167,174,000 |
| Scope 3 | 1,090,280,000 |
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 Bank plc 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.
