HSBC Continental Europe S.A., Germany
HSBC Continental Europe S.A., commonly referred to as HSBC Germany, is a prominent player in the banking and financial services industry, headquartered in Düsseldorf, Germany. Established in 1989, the bank has expanded its operations across major regions in Europe, providing a comprehensive range of services tailored to both individual and corporate clients. As a subsidiary of HSBC Holdings plc, HSBC Germany offers unique products in retail banking, wealth management, and commercial banking. The bank is recognised for its commitment to sustainability and innovation, positioning itself as a leader in responsible banking practices. With a strong market presence, HSBC Germany has achieved notable milestones, including significant growth in its digital banking services, enhancing customer experience and accessibility.
DitchCarbon Score
How does HSBC Continental Europe S.A., Germany'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., Germany's score of 39 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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In 2022, HSBC Continental Europe S.A., Germany reported zero emissions for Scope 1 and Scope 2, while Scope 3 emissions totalled approximately 280 kg CO2e, specifically from purchased goods and services. This marks a decrease from 2021, where Scope 3 emissions were about 430 kg CO2e. In 2020, the organisation recorded Scope 1 emissions of 270 kg CO2e, Scope 2 emissions of 500 kg CO2e, and Scope 3 emissions of approximately 3,280 kg CO2e, which included 2,160 kg CO2e from purchased goods and services. Despite these figures, HSBC Continental Europe S.A., Germany has not set specific reduction targets or climate pledges, as indicated by the absence of documented reduction initiatives. The emissions data is cascaded from its parent company, HSBC Holdings plc, reflecting a corporate family relationship at the third level. Overall, while HSBC Continental Europe S.A., Germany has shown a trend of decreasing Scope 3 emissions, the lack of defined climate commitments or reduction targets suggests an area for potential improvement in their sustainability strategy.
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| 2019 | 2020 | |
|---|---|---|
| Scope 1 | 70 | 000 |
| Scope 2 | 610 | 000 |
| Scope 3 | 1,190 | 0,000 |
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., Germany 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.
