Hsbc Holdings

Hsbc Holdings's reported carbon emissions

HSBC Holdings PLC, a commercial banking firm headquartered in Great Britain, reported a total of approximately 1.08 billion kilograms of CO2e for the year 2025. This figure encompasses Scope 1, 2, and 3 emissions. The breakdown for 2025 includes approximately 16.7 million kg CO2e for Scope 1, approximately 19.9 million kg CO2e for Scope 2 (market-based), and approximately 1.04 billion kg CO2e for Scope 3. In 2024, HSBC Holdings PLC's total carbon emissions were approximately 1.23 billion kg CO2e. This comprised approximately 15.0 million kg CO2e in Scope 1, approximately 83.8 million kg CO2e in Scope 2 (market-based), and approximately 1.13 billion kg CO2e in Scope 3. For 2023, the company's total emissions stood at approximately 1.30 billion kg CO2e, with Scope 1 emissions at approximately 16.9 million kg CO2e, Scope 2 (market-based) at approximately 167.2 million kg CO2e, and Scope 3 at approximately 1.11 billion kg CO2e. HSBC Holdings has established several climate commitments. The organisation aims to achieve net-zero emissions in its own operations and supply chain by 2030. Further, it targets a 40% reduction in emissions across its operations, business travel, and supply chain by 2030, compared to a 2019 baseline. In alignment with the IEA Net Zero Emissions by 2050 scenario, HSBC aims for an absolute reduction of 34% in on-balance sheet financed emissions by 2030, using 2019 as its baseline. For the oil and gas sector, the bank targets a 34% reduction in absolute on-balance sheet financed emissions by 2030. Additionally, for the power and utilities sector, HSBC targets an on-balance sheet financed emissions intensity of 0.14 million tonnes of CO2e per terawatt-hour by 2030, representing a 75% reduction from its 2019 baseline. HSBC also aims to halve travel emissions by 2030 compared to pre-pandemic levels. The organisation has a long-term ambition to become a net-zero bank by 2050.