HSBC Holdings PLC
HSBC Holdings's GHG Emissions Data Preview
In 2024, 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) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into HSBC Holdings's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of HSBC Holdings amounted to 297,626 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).
Compared to 2023, the total operational greenhouse gas (GHG) emissions of HSBC Holdings decreased by 14.59%, showing that the company has made progress in taking action to reduce the climate impact of its operations.
HSBC Holdings's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are HSBC Holdings's Scope 1 emissions?
In 2024, the total Scope 1 emissions of HSBC Holdings were 15,025 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Has HSBC Holdings reduced its Scope 1 emissions over time?
Since 2019, HSBC Holdings's Scope 1 emissions have decreased by 31.7%, reflecting a declining long-term trend in Scope 1 emissions over time.
Compared to the previous year (2023), HSBC Holdings's Scope 1 emissions decreased by 11.19%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.
What are HSBC Holdings's Scope 2 emissions?
In 2024, HSBC Holdings reported Scope 2 greenhouse gas (GHG) emissions of 83,760 tCOâ‚‚e using the market-based method, and 282,601 tCOâ‚‚e using the location-based method.
Has HSBC Holdings reduced its Scope 2 emissions over time?
Compared to the previous year (2023), HSBC Holdings's Scope 2 emissions (Location-Based) fell by 14.77% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption.
What methodology does HSBC Holdings use for Scope 2 reporting?
In 2024, HSBC Holdings reported its Scope 2 emissions using the market-based method and using the location-based method.
HSBC Holdings's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into HSBC Holdings's Value Chain Emissions
In 2024, HSBC Holdings reported 1,127,909 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2024 disclosure of HSBC Holdings includes a breakdown across 3 of the 15 Scope 3 categories defined by the GHG Protocol, down from 4 in 2023, indicating a decline in reporting granularity and reduced insight into the company's full value chain emissions.
HSBC Holdings's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are HSBC Holdings's Scope 3 emissions?
In 2024, HSBC Holdings reported total Scope 3 emissions of 1,127,909 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
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.
Has HSBC Holdings reduced its Scope 3 emissions over time?
Since 2019, HSBC Holdings's Scope 3 emissions have decreased by 98.81%, reflecting a declining long-term trend in Scope 3 emissions over time.
Compared to the previous year (2023), HSBC Holdings's Scope 3 emissions decreased by 97.33%, highlighting the company's efforts to lower indirect emissions from its value chain.
What categories of Scope 3 emissions does HSBC Holdings disclose?
In 2024, HSBC Holdings reported emissions for 3 out of the 15 Scope 3 categories defined by the GHG Protocol.
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of HSBC Holdings's Scope 3 emissions?
In 2024, the largest contributors to HSBC Holdings's Scope 3 emissions were:
- Purchased Goods and Services (Cat. 1): 866,873 tCOâ‚‚e (76.86%)
- Business Travel (Cat. 6): 133,878 tCOâ‚‚e (11.87%)
- Capital Goods (Cat. 2): 127,158 tCOâ‚‚e (11.27%)
HSBC Holdings's Scope 3 Emissions by Categories
Insights into HSBC Holdings's Total Carbon Footprint
In 2024, HSBC Holdings reported a total carbon footprint of 1,425,535 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 96.65% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.
The largest contributor to HSBC Holdings's total carbon footprint was Scope 3 emissions, accounting for 79.12% of the company's total carbon footprint, followed by Scope 2 emissions at 19.82%.