Hsbc Holdings
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 86 is higher than 93% 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 globally, with specific breakdowns of 15,025,000 kg CO2e from Scope 1, 83,760,000 kg CO2e from Scope 2, and a significant 1,127,909,000 kg CO2e from Scope 3 emissions. In the UK, their Scope 1 and 2 emissions totalled about 5,887,000 kg CO2e. HSBC has set ambitious climate commitments, aiming for net-zero emissions across its operations and supply chain by 2030. This target encompasses all scopes of emissions. Additionally, they are targeting a 34% reduction in absolute on-balance sheet financed emissions in the oil and gas sector by 2030, using 2019 as a baseline. For the power and utilities sector, HSBC aims for a financed emissions intensity of 0.14 million tonnes CO2e per terawatt hour by 2030, representing a 75% reduction from a 2019 baseline of 0.55 million tonnes CO2e per terawatt hour. Furthermore, HSBC has committed to a 70% reduction in absolute on-balance sheet financed emissions by 2030, relative to a re-baselined 2020 figure of 4.7 million tonnes CO2e. They are also on track to achieve a reduction of more than 90% in their Scope 1 and 2 emissions by 2030 compared to their 2019 baseline. These initiatives reflect HSBC's commitment to aligning with the International Energy Agency's Net Zero Emissions by 2050 scenario, demonstrating a proactive approach to addressing climate change and reducing their carbon footprint.
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| 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| 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 | 0,000,000,000 | 00,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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 Holdings is participating in some 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.
