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 1.27 billion kg CO2e. This figure includes Scope 1 emissions of about 16.9 million kg CO2e, Scope 2 emissions of approximately 167.2 million kg CO2e, and Scope 3 emissions totalling around 1.08 billion kg CO2e, which encompasses categories such as capital goods, business travel, and purchased goods and services. 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 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 underscores the bank's integration within a broader corporate sustainability framework. HSBC Bank plc's climate commitments are part of a comprehensive strategy to address climate change and promote 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 |
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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.
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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 established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
