The Hongkong and Shanghai Banking Corporation Limited, India Sustainability Profile
The Hongkong and Shanghai Banking Corporation Limited, commonly known as HSBC India, is a prominent player in the banking and financial services industry. Headquartered in Mumbai, HSBC India operates extensively across major cities, providing a wide range of financial solutions tailored to meet the diverse needs of its clients. Founded in 1865, the bank has established a strong legacy, marked by significant milestones in expanding its services and enhancing customer experience. HSBC India offers core products and services, including retail banking, wealth management, commercial banking, and investment services, distinguished by their commitment to innovation and customer-centric solutions. With a robust market position, HSBC India is recognised for its strong financial performance and dedication to sustainable banking practices, making it a trusted choice for individuals and businesses alike in the Indian financial landscape.
DitchCarbon Score
How does The Hongkong and Shanghai Banking Corporation Limited, India'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 Services Auxiliary to 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, India's score of 66 is higher than 81% 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, India, currently does not have specific carbon emissions data available for the most recent year. As a current subsidiary of HSBC Holdings plc, emissions data and climate commitments may be inherited from its parent company. HSBC Holdings plc has made significant strides in climate commitments, 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, India at a third level. However, specific reduction targets or achievements for the Indian subsidiary are not detailed. The organisation's climate strategy aligns with broader industry standards, focusing on transparency and accountability in emissions reporting. As of now, there are no documented reduction targets or climate pledges specific to The Hongkong and Shanghai Banking Corporation Limited, India. For a comprehensive understanding of their environmental impact and commitments, stakeholders may refer to the initiatives and performance metrics of HSBC Holdings plc and its subsidiaries.
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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 The Hongkong and Shanghai Banking Corporation Limited, India's Industry?
How Carbon Intensive is The Hongkong and Shanghai Banking Corporation Limited, India's Location?
The Hongkong and Shanghai Banking Corporation Limited, India's Scope 3 Categories Breakdown
The Hongkong and Shanghai Banking Corporation Limited, India'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
The Hongkong and Shanghai Banking Corporation Limited, India'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.
The Hongkong and Shanghai Banking Corporation Limited, India 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.
