HSBC Continental Europe S.A., Germany Sustainability Profile
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 50 is higher than 68% 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 carbon emissions of approximately 280 kg CO2e from Scope 3, specifically from purchased goods and services. This marks a decrease from 2021, where emissions from the same category were about 430 kg CO2e. Notably, the organisation has not reported any emissions for Scope 1 and Scope 2 in the last two years. Looking at previous years, in 2020, total emissions were approximately 4,550 kg CO2e, with Scope 1 emissions at about 1,390 kg CO2e, Scope 2 at 500 kg CO2e, and Scope 3 emissions at 3,680 kg CO2e. In 2019, emissions were slightly lower, with a total of about 1,860 kg CO2e, comprising 1,260 kg CO2e from Scope 1, 610 kg CO2e from Scope 2, and 1,240 kg CO2e from Scope 3. HSBC Continental Europe S.A. is part of a corporate family under HSBC Holdings plc, which influences its climate commitments and reporting. The organisation has set ambitious targets, aiming for 90% of the German car fleet to be CO2e-neutral by the end of 2028 and 25% of the international car fleet to operate with CO2e-neutral drive systems by the end of 2030. Furthermore, HSBC aims to achieve climate neutrality across all scopes by 2045, planning to offset any remaining emissions through carbon offsetting or carbon capture technologies. These commitments reflect HSBC's broader strategy to reduce its carbon footprint and contribute to global climate goals, aligning with initiatives cascaded from its parent company, HSBC Holdings plc.
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| 2019 | 2020 | |
|---|---|---|
| Scope 1 | 70 | 000 |
| Scope 2 | 610 | 000 |
| Scope 3 | 1,190 | 0,000 |
How Carbon Intensive is HSBC Continental Europe S.A., Germany's Industry?
How Carbon Intensive is HSBC Continental Europe S.A., Germany's Location?
HSBC Continental Europe S.A., Germany's Scope 3 Categories Breakdown
HSBC Continental Europe S.A., Germany's Scope 3 emissions, which decreased by 6% last year and decreased by approximately 6% since 2019, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 59% of total emissions under the GHG Protocol, with "Purchased Goods and Services" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
HSBC Continental Europe S.A., Germany'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., Germany 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.
