HSBC
Diversified Banks
HSBC
$ 38 0.34
$ 147 bn
$ 299 bn
Carbon footprint
Primary Climate Goal
HSBC aims to achieve net zero for all Scopes by 2030
GHG emissions and Carbon intensity
HSBC reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2021 at 329 Kt (-34 /-9.4% y-o-y). Also positively, carbon intensity declined to 6.6 t (-0.6 /-8.3% y-o-y).
HSBC's Scope 3 emissions was down at 1,997 Kt (
The company is committed to achieving net zero for all Scopes by 2030, which translates into the estimated reduction of -236 Kt per annum over the period of FY2021 - FY2030. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.
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