HSBC Bank plc Sustainability Profile
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 50 is higher than 69% 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 include 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 74% of their initiatives aimed at reaching 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 targets while maintaining transparency in its emissions reporting and reduction strategies.
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| 2023 | |
|---|---|
| Scope 1 | 16,918,000 |
| Scope 2 | 167,174,000 |
| Scope 3 | 1,090,280,000 |
How Carbon Intensive is HSBC Bank plc's Industry?
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HSBC Bank plc's Scope 3 Categories Breakdown
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 79% of Scope 3 emissions.
Top Scope 3 Categories
HSBC Bank plc'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 plc 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.
