HSBC Bank plc

HSBC Bank plc, headquartered in the UK and operating in financial intermediation services, has disclosed its carbon emissions and climate commitments.

For the year 2024, HSBC Bank plc reported total global emissions of approximately 1.23 billion kg CO2e. This total comprises Scope 1 emissions of about 15 million kg CO2e, Scope 2 emissions of approximately 83.8 million kg CO2e, and Scope 3 emissions reaching about 866.9 million kg CO2e from purchased goods and services, along with 127.2 million kg CO2e from capital goods and 133.9 million kg CO2e from business travel.

In 2019, global emissions for HSBC Bank plc were approximately 1.77 billion kg CO2e. This figure included Scope 1 emissions of around 22.1 million kg CO2e, Scope 2 emissions of about 392.3 million kg CO2e, and Scope 3 emissions of approximately 1.03 billion kg CO2e from purchased goods and services, 50.7 million kg CO2e from capital goods, and 272 million kg CO2e from business travel.

Scope 1 and 2 emissions for recent years include:

• 2023: Approximately 407 million kg CO2e
• 2022: Approximately 425 million kg CO2e
• 2021: Approximately 614 million kg CO2e
• 2020: Approximately 555 million kg CO2e

HSBC Bank plc's climate strategy includes near-term net-zero targets for Scope 1 and Scope 2 emissions, aiming to reach these goals by 2025.

The emissions data for HSBC Bank plc is cascaded from its parent organisation, HSBC Holdings plc, as indicated by the relationship type "current_subsidiary" and a cascade level of 1. Initiatives tracked via CDP and RE100 also originate from HSBC Holdings plc.