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 33 is higher than 55% 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., Germany's reported carbon emissions
In 2022, HSBC Continental Europe S.A., Germany reported a total carbon emissions footprint of approximately 280 kg CO2e, all of which falls under Scope 3 emissions, specifically from purchased goods and services. This marks a reduction from 2021, where emissions were about 430 kg CO2e, also entirely from Scope 3. In 2020, the organisation's emissions were significantly higher, totalling approximately 4,050 kg CO2e across all scopes, with Scope 1 emissions at about 1,390 kg CO2e, Scope 2 at about 500 kg CO2e, and Scope 3 at about 2,160 kg CO2e. HSBC Continental Europe S.A. does not currently have specific reduction targets or initiatives documented, and their climate commitments appear to be inherited from their parent company, HSBC Holdings plc, as part of a corporate family relationship. The emissions data is cascaded from HSBC Holdings plc, which operates at a higher corporate level, indicating a broader commitment to sustainability and climate action. Overall, while HSBC Continental Europe S.A. has shown a trend of decreasing emissions in recent years, the absence of formal reduction targets suggests a need for more structured climate commitments moving forward.
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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.
