The Hongkong and Shanghai Banking Corporation Limited
The Hongkong and Shanghai Banking Corporation Limited, commonly known as HSBC, is a leading global banking and financial services organisation headquartered in Hong Kong. Founded in 1865, HSBC has established a strong presence across Asia, Europe, the Americas, the Middle East, and Africa, making it one of the world's largest banking institutions. HSBC operates primarily in the banking industry, offering a diverse range of services including retail banking, wealth management, commercial banking, and global banking and markets. Its unique approach combines local expertise with global reach, catering to millions of customers worldwide. Notable achievements include its pivotal role in facilitating international trade and investment, solidifying its position as a trusted financial partner. With a commitment to innovation and sustainability, HSBC continues to adapt to the evolving financial landscape, maintaining its status as a key player in the global banking sector.
DitchCarbon Score
How does The Hongkong and Shanghai Banking Corporation Limited'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
The Hongkong and Shanghai Banking Corporation Limited's score of 32 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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The Hongkong and Shanghai Banking Corporation Limited, headquartered in Hong Kong, currently does not have specific carbon emissions data available for the most recent year. As a current subsidiary of HSBC Holdings plc, it inherits emissions data and climate commitments from its parent company. While there are no documented reduction targets or specific emissions figures, HSBC Holdings plc has made significant commitments to climate action, including participation in the Carbon Disclosure Project (CDP) and the RE100 initiative, both of which are cascaded to The Hongkong and Shanghai Banking Corporation Limited at a level 2 relationship. HSBC Holdings plc has set ambitious targets to achieve net-zero emissions in its operations and supply chain by 2050, aligning with the Science Based Targets initiative (SBTi). However, specific details regarding the scope of emissions (Scope 1, 2, or 3) and any quantifiable achievements at The Hongkong and Shanghai Banking Corporation Limited level remain unspecified. In summary, while The Hongkong and Shanghai Banking Corporation Limited is part of a broader corporate commitment to sustainability and climate action, detailed emissions data and specific reduction targets are currently unavailable.
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.
The Hongkong and Shanghai Banking Corporation Limited is not participating in any of the initiatives that 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.
