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Public Profile
Financial Intermediation
MX
updated 19 days ago

HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC Sustainability Profile

Company website

HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC, is a leading financial institution headquartered in Mexico City, Mexico. Established in 2002, it has rapidly grown to become a key player in the banking sector, offering a comprehensive range of services across retail banking, commercial banking, and wealth management. With a strong presence in major operational regions throughout Mexico, HSBC México is renowned for its innovative financial solutions, including personal loans, credit cards, and investment services. The bank's commitment to customer service and digital banking initiatives sets it apart in a competitive market. As part of the global HSBC Group, it leverages international expertise to provide tailored financial products, reinforcing its position as a trusted partner for individuals and businesses alike. Notable achievements include a robust market share and recognition for excellence in customer satisfaction.

DitchCarbon Score

How does HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC'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.

75

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.

29

Industry Benchmark

HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC's score of 75 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.

86%

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HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC's reported carbon emissions

Inherited from HSBC Holdings plc

HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC, currently does not report specific carbon emissions data for the latest year, as indicated by the absence of emissions figures. However, the institution is part of a broader corporate family that includes HSBC Holdings plc, from which it inherits climate commitments and performance data. As a current subsidiary of HSBC Holdings plc, HSBC México aligns with the parent company's sustainability initiatives. The emissions data and reduction targets are cascaded from HSBC Holdings plc, which operates under established frameworks such as the Carbon Disclosure Project (CDP) and the RE100 initiative. These frameworks aim to enhance transparency and accountability in carbon emissions management. While specific reduction targets for HSBC México are not detailed, the overarching commitments from HSBC Holdings plc include ambitious goals to achieve net-zero emissions in their operations and supply chain by 2050. This commitment reflects a significant industry trend towards sustainability and climate resilience. In summary, while HSBC México does not provide specific emissions data or reduction targets, it is integrated into the climate strategies of HSBC Holdings plc, which sets a precedent for responsible banking and environmental stewardship within the financial sector.

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20042005200620072008200920102014201520162018201920202021202220232024
Scope 1
-
-
-
-
-
-
-
0,000
0,000
0,000
0,000
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
000,000,000
000,000,000
00,000,000
000,000,000
0,000,000,000
00,000,000
000,000,000
0,000,000,000
0,000,000,000
0,000,000,000

How Carbon Intensive is HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC is in MX, which has a low grid carbon intensity relative to other regions.

HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC's Scope 3 Categories Breakdown

HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC's Scope 3 emissions, which increased by 1% last year and increased significantly since 2004, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 77% of Scope 3 emissions.

Top Scope 3 Categories

2024
Purchased Goods and Services
77%
Business Travel
12%
Capital Goods
11%

HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC's Climate Goals (2030 & 2050)

Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.

HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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