HSBC Continental Europe, S.A. Sustainability Profile

In 2024, HSBC Continental Europe, S.A. reported total carbon emissions of approximately 20.9 billion kg CO2e. This figure includes 2,631,000 kg CO2e from Scope 1 emissions and 20,943,694,000 kg CO2e from Scope 3 emissions, which primarily stem from investments (approximately 20.9 billion kg CO2e). Notably, there is no reported data for Scope 2 emissions. HSBC Continental Europe has not set specific reduction targets or initiatives as part of its climate commitments, and there are no documented climate pledges. The emissions data is cascaded from its parent company, HSBC Holdings plc, indicating a corporate family relationship that influences its reporting and climate strategy. The absence of reduction targets suggests that while the organisation is aware of its carbon footprint, it may not yet have formalised a strategy for emissions reduction. This context highlights the importance of ongoing climate action within the financial sector, particularly in addressing Scope 3 emissions, which often represent the largest share of an organisation's carbon footprint.