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.
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.
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.
HSBC Continental Europe, S.A.'s score of 29 is lower than 50% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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.
Access structured emissions data, company-specific emission factors, and source documents
| 2024 | |
|---|---|
| Scope 1 | 2,631,000 |
| Scope 2 | - |
| Scope 3 | 20,943,694,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
HSBC Continental Europe, S.A. is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.