Hsbc Holdings
HSBC Holdings plc, commonly known as HSBC, is a leading global banking and financial services organisation headquartered in London, United Kingdom. Founded in 1865, HSBC has established a significant 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 reach and commitment to sustainability, positioning itself as a trusted partner for individuals and businesses alike. With a strong market position, HSBC has achieved notable milestones, including being one of the largest banks in the world by total assets. Its core products and services are designed to meet the evolving needs of customers, making HSBC a prominent player in the financial sector.
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 45 is higher than 90% 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 1.27 million tonnes CO2e. This figure includes 16.9 million tonnes from Scope 1 emissions, 167.2 million tonnes from Scope 2 emissions, and about 1.09 million tonnes from Scope 3 emissions, which primarily consist of purchased goods and services, business travel, and capital goods. Over recent years, HSBC has made significant strides in reducing its carbon footprint. From 2019 to 2023, the bank's total emissions decreased from approximately 1.55 million tonnes CO2e to 1.27 million tonnes CO2e, indicating a commitment to sustainability and climate action. The bank has set ambitious targets aligned with the Science Based Targets initiative (SBTi) and is actively involved in global climate initiatives, including the Business Ambition for 1.5°C. HSBC has consistently improved its CDP scores, achieving an "A-" rating in 2023, reflecting its commitment to transparency and climate action. The bank's efforts are part of a broader strategy to integrate sustainability into its operations and investment decisions, aiming to support the transition to a low-carbon economy.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project2019 | 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 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.
