In 2025, HSBC Holdings completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
HSBC Holdings has also provided a category-level breakdown for 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2025 | 2024 | 2023 | 2022-2019 |
|---|---|---|---|---|
Total Scope 1 | 16,698a | 15,025a | 16,918b | |
Total Scope 2 | ||||
Market-Based | 19,919a | 83,760a | 167,174b | |
Location-Based | 259,129a | 282,601b | 331,560b | |
Total Scope 3 | 1,040,300a | 1,127,909a | 42,243,498b | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.2521a | 0.2229a | 0.2685b |
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In 2025, the total operational greenhouse gas (GHG) emissions of HSBC Holdings amounted to 275,827 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2024, the total operational greenhouse gas (GHG) emissions of HSBC Holdings decreased by 7.32%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
In 2025, the total Scope 1 emissions of HSBC Holdings were 16,698 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, HSBC Holdings's Scope 1 emissions have decreased by 24.33%, reflecting a declining long-term trend in Scope 1 emissions over time.a
Compared to the previous year (2024), HSBC Holdings's Scope 1 emissions increased by 11.13%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations.a
In 2025, HSBC Holdings reported Scope 2 greenhouse gas (GHG) emissions of 19,919 tCO₂e using the market-based method and 259,129 tCO₂e using the location-based method.a
Compared to the previous year (2024), HSBC Holdings's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that HSBC Holdings's emissions have plateaued with no significant change in its energy consumption footprint.ab
In 2025, HSBC Holdings reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2025, HSBC Holdings reported 1,040,300 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2025 disclosure of HSBC Holdings includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2024, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2025, HSBC Holdings reported total Scope 3 emissions of 1,040,300 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, HSBC Holdings's Scope 3 emissions have decreased by 23.32%, reflecting a declining long-term trend in Scope 3 emissions over time.a
Compared to the previous year (2024), HSBC Holdings's Scope 3 emissions remained relatively stable, indicating that HSBC Holdings's emissions have plateaued with no significant change in its value chain footprint.a
In 2025, HSBC Holdings reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol.a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
In 2025, the largest contributors to HSBC Holdings's Scope 3 emissions were:a
In 2025, HSBC Holdings reported Scope 1 greenhouse gas (GHG) emissions of 16,698 tCO₂e and total revenues of USD 66,236 millions. This translates into an emissions intensity of 0.25 tCO₂e per millions USD.a
In 2025, HSBC Holdings reported a Scope 1 emissions intensity of 0.25 tCO₂e per millions USD. Compared to the peer group median of 0.62, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2025, HSBC Holdings ranked 2 out of 25 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places HSBC Holdings among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2025, HSBC Holdings reported a total carbon footprint of 1,316,127 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 7.67% decrease compared to 2024, indicating progress in reducing its overall greenhouse gas output.ab
The largest contributor to HSBC Holdings's total carbon footprint was Scope 3 emissions, accounting for 79.04% of the company's total carbon footprint, followed by Scope 2 emissions at 19.69%.a