HSBC Holdings PLC
HSBC Holdings's Climate Target Data Preview
As of 2024, HSBC Holdings has disclosed 11 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 5 absolute reduction targets and 6 intensity-based targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into HSBC Holdings's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy/Paste is a PRO feature.  a | 2030 |
Absolute-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | 0000000 | 2030 |
Absolute-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy/Paste is a PRO feature.  a | 2030 |
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | 0000000 | 2030 |
Absolute-based Target | Scope 1 - Total, Scope 2 - Total, Scope 3 - Purchased Goods and Services (Cat. 1), Scope 3 - Capital Goods (Cat. 2), Scope 3 - Business Travel (Cat. 6) | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy/Paste is a PRO feature.  a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Cement from Unspecified Activities | Copy/Paste is a PRO feature.  a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Metric Tonne (mt) of Metal from Unspecified Activities | 0000000 | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per US Dollar (USD) of Investment | Copy/Paste is a PRO feature.  a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced | Copy/Paste is a PRO feature.  b, a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Revenue Passenger Kilometer (RPK) | Copy/Paste is a PRO feature.  a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Vehicle Kilometer | Copy/Paste is a PRO feature.  a | 2030 |
Verified Sources Behind HSBC Holdings’s Climate Targets Data
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Insights into HSBC Holdings's Greenhouse Gas Emissions Pathways
As of 2024, HSBC Holdings has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.ab
Does HSBC Holdings have a target to reduce the emissions from its operations?
As of 2024, HSBC Holdings has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a
HSBC Holdings's most ambitious operational target is to reduce these emissions by 90% by 2030, compared to a baseline of 414,336 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019.a
As of 2024, HSBC Holdings is ahead of schedule on its operational emissions reduction target, having achieved 84.62% of the planned reduction.a
HSBC Holdings's Operational (Scope 1+2) Emissions Pathway
Does HSBC Holdings have a target to reduce the emissions from its value chain?
As of 2024, HSBC Holdings has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.ab
HSBC Holdings's most ambitious value chain target is to reduce these emissions by 75% by 2030, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced in 2019.ab
As of 2023, HSBC Holdings is ahead of schedule on its value chain emissions reduction target, having achieved 42.69% of the planned reduction.ab
HSBC Holdings's Value Chain (Scope 3) Emissions Pathway
Does HSBC Holdings have a target to reduce its total carbon footprint?
As of 2024, HSBC Holdings has set a target to reduce its total carbon footprint, specifically those from Scope 1, Scope 2 and Scope 3 sources.a
HSBC Holdings's most ambitious carbon footprint target is to reduce its scope 1, 2 and 3 emissions from a baseline of 1,770,967 Metric Tonnes of CO2 equivalent (mtCO2e) in 2019, by 40% by 2030.a
As of 2024, HSBC Holdings is ahead of schedule on its total carbon footprint reduction target, having achieved 76.83% of the planned reduction.a