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 unique global network, which facilitates international trade and investment. With a commitment to innovation and sustainability, the bank has achieved notable milestones, including being one of the largest banks in the world by total assets. Its strong market position is underscored by a reputation for reliability and customer service, making HSBC a trusted partner for individuals and businesses alike.
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 39 is higher than 94% 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 Scope 1 emissions of about 16,918,000 kg CO2e, Scope 2 emissions of approximately 167,174,000 kg CO2e, and significant Scope 3 emissions totalling around 1,090,280,000 kg CO2e. The Scope 3 emissions breakdown includes capital goods (approximately 121,783,000 kg CO2e), business travel (about 109,241,000 kg CO2e), and purchased goods and services (approximately 859,256,000 kg CO2e). In previous years, HSBC's emissions have shown fluctuations, with a total of about 1,553,596,000 kg CO2e in 2019, which decreased to approximately 444,000,000 kg CO2e in 2020 and further to around 341,000,000 kg CO2e in 2021. However, emissions rose again in 2022 to about 1,294,927,000 kg CO2e. Despite these figures, HSBC has not publicly disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction targets suggests a need for clearer commitments in line with global climate goals. As a major financial institution headquartered in Great Britain, HSBC's climate commitments and emissions management will be crucial in addressing the broader challenges of climate change and sustainability within the financial sector.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 22,066,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 392,270,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
| Scope 3 | 1,139,260,000 | 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 not committed to any 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.
