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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 95 is higher than 98% 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. This includes Scope 1 emissions of about 15,025,000 kg CO2e, Scope 2 emissions of approximately 83,760,000 kg CO2e, and significant Scope 3 emissions of around 1,127,909,000 kg CO2e. The previous year, 2023, saw total emissions of about 1,297,590,000 kg CO2e, with Scope 1 at 16,918,000 kg CO2e, Scope 2 at 167,174,000 kg CO2e, and Scope 3 at 1,113,498,000 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, the bank has pledged to reduce its absolute on-balance sheet financed emissions by 70% by 2030, using a 2020 baseline of 4.7 million tonnes CO2e. For the oil and gas sector, HSBC targets a 34% reduction in absolute financed emissions by 2030, relative to a 2019 baseline. In 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, the bank is committed to halving travel emissions by 2030 compared to pre-pandemic levels. Overall, HSBC's climate strategy reflects a strong commitment to reducing its carbon footprint and supporting global climate goals, aligning with the International Energy Agency's Net Zero Emissions by 2050 scenario.
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Access structured emissions data, company-specific emission factors, and source documents
| 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 | 00,000,000 | 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.
