Hsbc Holdings

HSBC Holdings PLC, headquartered in Great Britain and operating within the Commercial Banking industry, has reported its carbon emissions across various scopes and years.

Recent Emissions Data:

• 2025: HSBC Holdings reported approximately 1.08 billion kg CO2e in total emissions. This comprised about 16.7 million kg CO2e for Scope 1, approximately 19.9 million kg CO2e for Scope 2 (market-based), and around 1.04 billion kg CO2e for Scope 3.
• 2024: Total emissions for 2024 were approximately 1.23 billion kg CO2e. Scope 1 emissions accounted for about 15.0 million kg CO2e, Scope 2 (market-based) emissions were approximately 83.8 million kg CO2e, and Scope 3 emissions totalled around 1.13 billion kg CO2e.
• 2023: Total emissions for 2023 were approximately 1.30 billion kg CO2e. Scope 1 emissions were about 16.9 million kg CO2e, Scope 2 (market-based) emissions were approximately 167.2 million kg CO2e, and Scope 3 emissions were a significant 25.2 billion kg CO2e.
• 2022: Total emissions in 2022 were approximately 1.29 billion kg CO2e. This included about 19.3 million kg CO2e for Scope 1, 223.3 million kg CO2e for Scope 2 (market-based), and 25.1 billion kg CO2e for Scope 3.

Climate Commitments and Reduction Targets:

HSBC Holdings has established several climate commitments and reduction targets:

• Net Zero Ambition: HSBC aims to achieve net zero emissions across its operations and supply chain by 2030. Furthermore, the bank aims to align its financed emissions to achieve net zero by 2050 or sooner.
• Operational Emission Reductions: The company has set a target for an absolute reduction of 70% in on-balance sheet financed emissions by 2030, using a 2020 baseline. They have also indicated a 57.3% reduction in absolute operational greenhouse gas emissions from a 2019 baseline. Additionally, HSBC is on track to achieve a reduction of more than 90% in its Scope 1 and 2 emissions by 2030, compared to its 2019 baseline.
• Sector-Specific Targets: For the oil and gas sector, HSBC targets a 34% reduction in absolute on-balance sheet financed emissions by 2030, based on a 2019 baseline. For the power and utilities sector, a financed emissions intensity target of 0.14 million tonnes of carbon dioxide equivalent per terawatt hour (Mt CO2e/TWh) is set for 2030, representing a 75% reduction from the 2019 baseline.
• Travel Emissions: HSBC aims to halve travel emissions by 2030, compared to pre-pandemic levels.
• Industry Collaboration: The bank is involved in supporting industry-wide emission reduction targets, such as encouraging LafargeHolcim to reduce the carbon intensity of cement production.

HSBC Holdings' climate strategy focuses on reducing emissions from its own operations and supply chain, as well as aligning its financed emissions with global climate goals.