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 significant presence in key markets across Asia, Europe, North America, and the Middle East, making it one of the world's largest banking institutions. Operating primarily in the banking and financial services industry, HSBC offers a diverse range of products and services, including retail banking, wealth management, commercial banking, and investment banking. Its unique global network and commitment to sustainability set it apart in a competitive landscape. With a strong market position, HSBC has achieved numerous accolades, including recognition for its innovative digital banking solutions and commitment to responsible finance. The bank continues to adapt and thrive in an ever-evolving financial environment, maintaining its status as a trusted partner for millions of customers worldwide.
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 48 is higher than 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hsbc Holdings's reported carbon emissions
In 2023, HSBC Holdings reported total carbon emissions of approximately 1,274,372,000 kg CO2e. This figure includes 16,918,000 kg CO2e from Scope 1 emissions, 167,174,000 kg CO2e from Scope 2 emissions, and 1,090,280,000 kg CO2e from Scope 3 emissions, which encompasses significant categories such as capital goods, business travel, and purchased goods and services. HSBC has not disclosed specific reduction targets or initiatives as part of its climate commitments. However, the bank is actively engaged in monitoring and reporting its emissions across all scopes, indicating a commitment to transparency in its environmental impact. The absence of defined reduction targets suggests that HSBC may be in the process of developing a more structured approach to its climate strategy. Overall, HSBC's emissions data reflects its operational scale and the challenges faced in reducing carbon footprints within the financial services sector. The bank's ongoing efforts to track and report emissions are crucial steps towards enhancing its sustainability practices.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - | 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 |
| 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 | 000,000,000 | 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 committed to some reduction initiatives 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.
