HSBC Continental Europe, S.A.
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 35 is higher than 60% 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 significant carbon emissions, primarily from Scope 3 sources. The total emissions included approximately 621,000 kg CO2e from capital goods and about 2,000 kg CO2e from business travel. This data reflects the bank's ongoing commitment to understanding and managing its carbon footprint, although specific Scope 1 and 2 emissions data were not disclosed. HSBC Continental Europe, S.A. is part of a larger corporate family, with emissions data cascaded from its parent company, HSBC Holdings plc. This relationship influences its climate commitments and reporting practices. However, there are currently no specific reduction targets or initiatives outlined in their documentation, indicating a potential area for future development. The bank's emissions intensity metrics from 2019 also highlight its engagement with various sectors, including cement and steel, with financed emissions intensities of 0.46 tonnes CO2e per tonne of cement and 1.05 tonnes CO2e per tonne of metal, respectively. These figures underscore the importance of addressing emissions across the supply chain. Overall, while HSBC Continental Europe, S.A. has made strides in emissions reporting, the absence of explicit reduction targets suggests that further action may be necessary to align with industry standards and expectations for climate accountability.
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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.
