Hsbc Holdings Sustainability Profile
HSBC Holdings plc, commonly known as HSBC, is a leading global banking and financial services organisation headquartered in London, GB. Founded in 1865, HSBC has established a strong presence in key operational regions, including Asia, Europe, North America, and the Middle East. The company operates primarily in the banking industry, offering a diverse range of services such as retail banking, wealth management, commercial banking, and investment banking. HSBC is renowned for its commitment to innovation and customer service, providing unique products tailored to meet the needs of individuals and businesses alike. With a robust market position, HSBC has achieved notable milestones, including being one of the largest banking institutions in the world by total assets. Its global reach and comprehensive service offerings make HSBC a trusted partner in financial solutions.
DitchCarbon Score
How does Hsbc Holdings'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 Holdings's score of 94 is higher than 97% 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 Holdings's reported carbon emissions
In 2024, HSBC Holdings reported total carbon emissions of approximately 1,226,693,000 kg CO2e, with Scope 1 emissions at about 1,100,000,000 kg CO2e, Scope 2 emissions at approximately 500,000,000 kg CO2e (market-based), and Scope 3 emissions reaching about 1,127,909,000 kg CO2e. The bank has set ambitious climate commitments, aiming for net-zero emissions across its operations and supply chain by 2030, with a long-term goal of achieving net-zero financed emissions by 2050. HSBC has established specific reduction targets, including a 34% reduction in absolute on-balance sheet financed emissions in the oil and gas sector by 2030, using 2019 as the baseline. Additionally, the bank targets a 75% reduction in financed emissions intensity in the power and utilities sector by 2030, relative to a 2019 baseline of 0.55 million tonnes CO2e per terawatt hour. In the UK, HSBC is aligned with national commitments, targeting a 68% reduction in greenhouse gas emissions by 2030 from 1990 levels. The bank has also reported a significant reduction of 57.3% in absolute operational greenhouse gas emissions from a 2019 baseline, demonstrating progress towards its near-term goals. Overall, HSBC's climate strategy reflects a comprehensive approach to reducing carbon emissions across all scopes, with a focus on operational efficiency and sustainable finance initiatives.
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| 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - | 0,000 | 0,000 | 0,000 | 0,000 | 0,000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000,000 |
| Scope 2 | - | - | - | - | - | - | - | - | - | - | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | 88,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 00,000,000 | 000,000,000 | 0,000,000,000 | 00,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Hsbc Holdings's Industry?
How Carbon Intensive is Hsbc Holdings's Location?
Hsbc Holdings's Scope 3 Categories Breakdown
Hsbc Holdings's Scope 3 emissions, which increased by 1% last year and increased significantly since 2004, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 49% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 77% of Scope 3 emissions.
Top Scope 3 Categories
Hsbc Holdings'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 Holdings has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
