HSBC UK Bank Plc Sustainability Profile
HSBC UK Bank Plc, a prominent subsidiary of HSBC Holdings plc, is headquartered in Great Britain and operates extensively across Europe, Asia, and the Americas. Founded in 1865, HSBC has evolved into one of the world's largest banking and financial services organisations, with a strong focus on retail banking, wealth management, and commercial banking. The bank offers a diverse range of core products and services, including personal and business accounts, loans, mortgages, and investment solutions, distinguished by their commitment to customer service and innovative digital banking solutions. HSBC UK is recognised for its robust market position, consistently ranking among the top banks in the UK, and has achieved notable milestones in sustainability and financial inclusion initiatives.
DitchCarbon Score
How does HSBC UK Bank Plc'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 UK Bank Plc's score of 78 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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HSBC UK Bank Plc has not publicly disclosed specific carbon emissions data for the most recent year, as indicated by the absence of emissions figures. However, the bank is part of a broader corporate family under HSBC Holdings plc, which has established significant climate commitments and reduction initiatives. As a current subsidiary of HSBC Holdings plc, HSBC UK Bank Plc inherits its climate strategies and targets. HSBC Holdings plc has committed to achieving net-zero emissions in its operations and supply chain by 2050. This commitment aligns with the Science Based Targets initiative (SBTi) and includes a focus on reducing Scope 1, 2, and 3 emissions. While specific reduction targets for HSBC UK Bank Plc are not detailed, the overarching goals from HSBC Holdings plc include a commitment to reduce financed emissions in line with the Paris Agreement. The bank is also involved in initiatives such as the Carbon Disclosure Project (CDP) and RE100, which aim to enhance transparency and promote renewable energy usage. In summary, while HSBC UK Bank Plc does not provide specific emissions data, it is aligned with the ambitious climate commitments of its parent company, HSBC Holdings plc, focusing on achieving net-zero emissions and participating in industry-standard climate initiatives.
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| 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2014 | 2015 | 2016 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - | 0,000 | 0,000 | 0,000 | 0,000 | 0,000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000,000 |
| 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 UK Bank Plc's Industry?
How Carbon Intensive is HSBC UK Bank Plc's Location?
HSBC UK Bank Plc's Scope 3 Categories Breakdown
HSBC UK Bank Plc's Scope 3 emissions, which increased by 1% last year and increased significantly since 2004, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 49% 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
HSBC UK Bank Plc'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 UK Bank Plc 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.
