Hsbc Holdings

HSBC Holdings's carbon emissions were approximately 1.077 billion kg CO2e in 2025. This includes Scope 1 emissions of about 16.7 million kg CO2e, Scope 2 emissions (market-based) of around 19.9 million kg CO2e, and Scope 3 emissions of roughly 1.040 billion kg CO2e. For 2024, the total emissions were about 1.227 billion kg CO2e, comprising Scope 1 emissions of 15.0 million kg CO2e, Scope 2 emissions (market-based) of 83.8 million kg CO2e, and Scope 3 emissions of approximately 1.128 billion kg CO2e. In 2023, the company reported total emissions of around 1.298 billion kg CO2e, with Scope 1 emissions at 16.9 million kg CO2e, Scope 2 emissions (market-based) at 167.2 million kg CO2e, and Scope 3 emissions at about 1.113 billion kg CO2e.

HSBC Holdings aims to achieve net zero emissions in its operations and supply chain by 2030, with a long-term ambition for net zero across its financed emissions by 2050 or sooner. The company targets a 34% reduction in absolute on-balance sheet financed emissions for the oil and gas sector by 2030, using 2019 as a baseline. For the power and utilities sector, they aim for an on-balance sheet financed emissions intensity of 0.14 million tonnes of carbon dioxide equivalent per terawatt hour by 2030, representing a 75% reduction from their 2019 baseline. HSBC Holdings is also targeting a 42% reduction in the emissions intensity of its iron, steel, and aluminium portfolio to 1.05 tCO2 per tonne of metal produced by 2030, relative to a 2019 baseline (covering Scope 1 and 2 emissions for midstream material production). Furthermore, the company expects to reduce emissions across its operations, business travel, and supply chain by around 40% by 2030, compared to a 2019 baseline. HSBC Holdings also has a target to reduce its Scope 1 and Scope 2 emissions by over 90% by 2030 against a 2019 baseline.