Hsbc Holdings
HSBC Holdings plc, commonly known as HSBC, is a leading global banking and financial services organisation headquartered in London, GB. Founded in 1865, HSBC has established a significant presence in key markets across Asia, Europe, North America, and the Middle East, making it one of the world's largest banking institutions. Operating primarily in the banking and financial services industry, HSBC offers a diverse range of products and services, including retail banking, wealth management, commercial banking, and investment banking. Its unique global network and commitment to sustainability set it apart in a competitive landscape. With a strong market position, HSBC has achieved numerous accolades, including recognition for its innovative digital banking solutions and commitment to responsible finance. The bank continues to adapt and thrive in an ever-evolving financial environment, maintaining its status as a trusted partner for millions of customers worldwide.
DitchCarbon Score
How does Hsbc Holdings'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 Holdings's score of 98 is higher than 100% 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 Holdings's reported carbon emissions
In 2024, HSBC Holdings reported total carbon emissions of approximately 1,226,693,000 kg CO2e, with emissions distributed across various scopes: 15,025,000 kg CO2e (Scope 1), 83,760,000 kg CO2e (Scope 2), and a significant 1,127,909,000 kg CO2e (Scope 3). This represents a slight decrease from 2023, where total emissions were about 1,297,590,000 kg CO2e, with Scope 1 at 16,918,000 kg CO2e, Scope 2 at 167,174,000 kg CO2e, and Scope 3 at 1,113,498,000 kg CO2e. HSBC has set ambitious climate commitments, aiming for net-zero emissions across its operations and supply chain by 2030. This includes a target to reduce absolute on-balance sheet financed emissions by 70% by 2030, using a 2020 baseline of 4.7 million tonnes CO2e. Additionally, the bank aims for a 34% reduction in financed emissions in the oil and gas sector by 2030, relative to a 2019 baseline. The bank is also targeting a 75% reduction in emissions intensity for the power and utilities sector by 2030, aiming for an intensity of 0.14 million tonnes CO2e per terawatt hour. Furthermore, HSBC has committed to refrain from using carbon offsets to meet its net-zero targets, ensuring that their reductions are genuine and impactful. Overall, HSBC's climate strategy reflects a strong commitment to reducing its carbon footprint and supporting global efforts to combat climate change.
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| 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - | - | - | 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 | 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 | 0,000,000,000 | 000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
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.
Hsbc Holdings is participating in some 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.
