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HSBC Bank plc, commonly referred to as HSBC, is a leading financial institution headquartered in London, GB. Specialising in financial intermediation services, excluding insurance and pension funding, HSBC operates across multiple regions, serving a diverse global customer base. Founded in 1865, the bank has a long history of growth and innovation, establishing itself as a key player in the banking sector.
HSBC’s core offerings include retail banking, commercial banking, and wealth management, with a focus on providing tailored financial solutions. Its extensive network and commitment to digital banking set it apart in a competitive industry. Recognised for its stability and market presence, HSBC remains one of the most prominent banks in the UK and worldwide, continually evolving to meet modern financial needs.
55
DitchCarbon score
+18 vs industry average
HSBC Bank plc’s score of 55 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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Industry Intensity
Low
Financial Intermediation has below-average carbon intensity
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
HSBC Bank plc's reported carbon emissions
HSBC Bank plc, a financial intermediation services provider headquartered in GB, reported total carbon emissions of approximately 1.23 billion kg CO2e in 2024. This figure includes Scope 1 emissions of about 15.03 million kg CO2e, Scope 2 emissions of approximately 83.76 million kg CO2e, and Scope 3 emissions. Notably, Scope 3 emissions in 2024 comprised about 127.16 million kg CO2e from capital goods, 133.88 million kg CO2e from business travel, and 866.87 million kg CO2e from purchased goods and services.
Looking back, the company's Scope 1 and 2 emissions were approximately 407 million kg CO2e in 2023, 425 million kg CO2e in 2022, 614 million kg CO2e in 2021, and 555 million kg CO2e in 2020. In 2019, HSBC Bank plc reported total emissions of approximately 1.77 billion kg CO2e, with Scope 1 emissions around 22.07 million kg CO2e, Scope 2 emissions about 392.27 million kg CO2e, and Scope 3 emissions including 50.65 million kg CO2e from capital goods, 272.01 million kg CO2e from business travel, and 1.03 billion kg CO2e from purchased goods and services.
HSBC Bank plc has set near-term net-zero targets for Scope 1 and Scope 2 emissions, aiming to achieve these goals by 2025, starting from a 2023 baseline. These climate commitments for HSBC Bank plc are directly inherited from HSBC Holdings plc, which provides their CDP data.
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HSBC Bank plc’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
3 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
See details
Not active
Carbon Disclosure Project
Inherited from HSBC Holdings plcSign in to view
Active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
Inherited from HSBC Holdings plcSee details
Not active
RE 100
Inherited from HSBC Holdings plcSee details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
HSBC Bank plc11 months ago
55
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