HSBC Continental Europe, S.A. Sustainability Profile
HSBC Continental Europe, S.A., a key subsidiary of the global banking giant HSBC Holdings plc, is headquartered in France and operates extensively across the European market. Founded in 2002, the bank has established itself as a prominent player in the financial services industry, focusing on retail banking, wealth management, and commercial banking. With a commitment to innovation, HSBC Continental Europe offers a range of core products and services, including personal and business accounts, loans, and investment solutions tailored to meet diverse client needs. The bank's unique approach combines local expertise with global resources, positioning it as a trusted partner for individuals and businesses alike. Recognised for its strong market presence, HSBC Continental Europe continues to achieve significant milestones, reinforcing its reputation as a leader in the European banking sector.
DitchCarbon Score
How does HSBC Continental Europe, S.A.'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 Continental Europe, S.A.'s score of 41 is higher than 61% 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 Continental Europe, S.A.'s reported carbon emissions
In 2024, HSBC Continental Europe, S.A. reported total carbon emissions of approximately 21,946,000,000 kg CO2e, primarily driven by Scope 3 emissions, which accounted for about 99.9% of the total. Specifically, Scope 1 emissions were recorded at approximately 2,631,000 kg CO2e, while Scope 3 emissions included significant contributions from investments (about 20,902,030,000 kg CO2e) and capital goods (approximately 621,000 kg CO2e). Despite the substantial emissions figures, HSBC Continental Europe has not disclosed specific reduction targets or initiatives as part of its climate commitments. The emissions data is cascaded from its parent company, HSBC Holdings plc, which is responsible for broader climate initiatives and reporting. Overall, HSBC Continental Europe, S.A. is positioned within a corporate family that is actively engaged in addressing climate change, although specific reduction strategies for this subsidiary remain unspecified.
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| 2024 | |
|---|---|
| Scope 1 | 2,631,000 |
| Scope 2 | - |
| Scope 3 | 20,943,694,000 |
How Carbon Intensive is HSBC Continental Europe, S.A.'s Industry?
How Carbon Intensive is HSBC Continental Europe, S.A.'s Location?
HSBC Continental Europe, S.A.'s Scope 3 Categories Breakdown
Their carbon footprint includes supplier sustainability and value chain emissions data across Scope 3 categories, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
Top Scope 3 Categories
HSBC Continental Europe, S.A.'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 Continental Europe, S.A. 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.
