Hsbc Holdings

HSBC Holdings plc, a commercial banking institution headquartered in Great Britain, reported its carbon emissions for the most recent years as follows:

For 2025, HSBC Holdings plc emitted approximately 1.08 billion kg CO2e in total. This figure comprises roughly 16.7 million kg CO2e for Scope 1 emissions, about 19.9 million kg CO2e for Scope 2 (market-based) emissions, and approximately 1.04 billion kg CO2e for Scope 3 emissions.

In 2024, the total emissions were approximately 1.23 billion kg CO2e, with Scope 1 emissions at around 15 million kg CO2e, Scope 2 (market-based) at about 83.8 million kg CO2e, and Scope 3 at approximately 1.13 billion kg CO2e.

Previously, in 2023, total emissions were reported as roughly 1.3 billion kg CO2e, including approximately 16.9 million kg CO2e for Scope 1, about 167.2 million kg CO2e for Scope 2 (market-based), and around 1.11 billion kg CO2e for Scope 3. In 2022, total emissions were approximately 1.29 billion kg CO2e, with Scope 1 at about 19.3 million kg CO2e, Scope 2 (market-based) at approximately 223.3 million kg CO2e, and Scope 3 at about 1.36 billion kg CO2e.

HSBC Holdings plc has established several climate commitments. The bank aims to be net zero in its operations and supply chain by 2030 and has set a long-term ambition to align its financed emissions with the goal of net zero by 2050. For its oil and gas sector clients, HSBC targets a 34% reduction in absolute on-balance sheet financed emissions by 2030, using 2019 as a baseline. For the power and utilities sector, the bank aims for an on-balance sheet financed emissions intensity of 0.14 million tonnes of carbon dioxide equivalent per terawatt hour (Mt CO2e/TWh) by 2030, a 75% reduction from its 2019 baseline. HSBC also aims to halve travel emissions by 2030 compared to pre-pandemic levels. More broadly, they are committed to reducing their Scope 1 and 2 operational emissions by over 90% by 2030 against a 2019 baseline.