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 83% 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's reported carbon emissions
The Hongkong and Shanghai Banking Corporation Limited (HSBC), headquartered in Hong Kong, currently does not provide specific carbon emissions data for the most recent year, as no figures are available. Consequently, there are no reported emissions in terms of Scope 1, 2, or 3, nor are there documented reduction targets or initiatives at this time. Despite the absence of concrete emissions data, HSBC has made commitments to address climate change and reduce its carbon footprint. The bank is expected to align its operations with industry standards and best practices in sustainability, although specific details regarding their climate pledges or reduction targets are not disclosed. As a major financial institution, HSBC's approach to climate commitments is crucial in the context of global efforts to mitigate climate change. The bank's future initiatives may include setting science-based targets and participating in global climate agreements, reflecting a growing trend among financial institutions to prioritise environmental responsibility.
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.
