Hsbc Holdings

HSBC Holdings, a Commercial Banking institution headquartered in GB, reported total carbon emissions of approximately 1.08 billion kg CO2e in 2025. This includes Scope 1 emissions of about 16.7 million kg CO2e, Scope 2 emissions of approximately 19.9 million kg CO2e (market-based), and Scope 3 emissions of around 1.04 billion kg CO2e.

Looking back, the company's total emissions were approximately 1.23 billion kg CO2e in 2024, and approximately 1.30 billion kg CO2e in 2023.

HSBC Holdings has set several ambitious climate commitments. The company aims to achieve net zero in its operations and supply chain by 2030, a target that includes Scope 1 and Scope 3 upstream emissions. Furthermore, HSBC Holdings aims to align its financed emissions (Scope 3 downstream) to net zero by 2050 or sooner.

In terms of specific reduction targets, HSBC Holdings is working towards:

• A 34% reduction in absolute on-balance sheet financed emissions for the oil and gas sector by 2030, using 2019 as a baseline.
• An on-balance sheet financed emissions intensity of 0.14 million tonnes of CO2e per terawatt-hour (Mt CO2e/TWh) for the power and utilities sector by 2030, representing a 75% reduction from their 2019 baseline of 0.55 Mt CO2e/TWh.
• A 70% absolute reduction in on-balance sheet financed emissions by 2030, relative to a re-baselined 2020 figure of 4.7 million tonnes of CO2e.
• A reduction of more than 90% in Scope 1 and 2 emissions by 2030 compared to their 2019 baseline, driven by energy efficiency improvements and investments in renewable power.
• A 42% reduction in the emissions intensity of their iron, steel, and aluminium portfolio to 1.05 tCO2 per tonne of metal produced by 2030, against a 2019 baseline (covering Scope 1 and 2 emissions for midstream material production).
• A 50% reduction in travel emissions by 2030, compared to pre-pandemic (2019) levels (Scope 1 and Scope 2).
• An interim reduction of around 40% in emissions across operations, business travel, and supply chain by 2030, compared to a 2019 baseline.

Historically, HSBC Holdings had a near-term absolute reduction target of 57.3% in operational greenhouse gas emissions from a 2019 baseline by 2030 (Scope 1 and Scope 2). They also had a 6% carbon dioxide reduction target for 2008-2011 (Scope 1 and Scope 2).