The Hongkong and Shanghai Banking Corporation Limited, New Zealand Branch Sustainability Profile
The Hongkong and Shanghai Banking Corporation Limited, commonly known as HSBC, operates its New Zealand Branch from its headquarters in Auckland. Established in 1865, HSBC has grown to become a leading player in the banking and financial services industry, with a strong presence across major operational regions in New Zealand and beyond. HSBC New Zealand offers a comprehensive range of core products and services, including personal banking, commercial banking, and wealth management solutions. What sets HSBC apart is its global network and expertise, providing clients with unique access to international markets and tailored financial solutions. With a commitment to innovation and customer service, HSBC has achieved notable milestones, reinforcing its market position as a trusted financial partner in New Zealand. The bank continues to adapt to the evolving financial landscape, ensuring it meets the diverse needs of its clientele.
DitchCarbon Score
How does The Hongkong and Shanghai Banking Corporation Limited, New Zealand Branch'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, New Zealand Branch's score of 38 is higher than 62% 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, New Zealand Branch, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. This branch is a current subsidiary of HSBC Holdings plc, which cascades its climate commitments and performance data through its corporate family structure. While there are no specific reduction targets or achievements reported for the New Zealand Branch, it is important to note that the broader HSBC Group has made significant commitments to sustainability. The emissions data and climate initiatives are inherited from HSBC Holdings plc, which operates under various industry-standard frameworks, including the Carbon Disclosure Project (CDP) and the RE100 initiative, both at a cascade level of three. As part of its climate strategy, HSBC Holdings plc has set ambitious targets to reduce its carbon footprint and transition to a low-carbon economy. However, specific details regarding the New Zealand Branch's individual commitments or performance metrics are not available at this time. In summary, while The Hongkong and Shanghai Banking Corporation Limited, New Zealand Branch does not currently provide specific emissions data or reduction targets, it is aligned with the broader sustainability initiatives of its parent company, HSBC Holdings plc.
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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 | 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 The Hongkong and Shanghai Banking Corporation Limited, New Zealand Branch's Industry?
How Carbon Intensive is The Hongkong and Shanghai Banking Corporation Limited, New Zealand Branch's Location?
The Hongkong and Shanghai Banking Corporation Limited, New Zealand Branch's Scope 3 Categories Breakdown
The Hongkong and Shanghai Banking Corporation Limited, New Zealand Branch'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
The Hongkong and Shanghai Banking Corporation Limited, New Zealand Branch'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, New Zealand Branch 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.
