HSBC

Banks
HSBC
$ 31 2.1
Share price
$ 126 bn
Market Cap
$ 2,025 bn
Enterprise Value

Carbon footprint

0.16 Ton
GHG emissions per $ 1 mln investment
0.01x the weighted average for S&P 500
FY2021
How is this calculated?
-9.4%
YOY change in GHG emissions
In line with the -8.7% weighted average for S&P 500
FY2021 vs. previous year

Primary Climate Goal

-10%
Proj. YOY change in GHG emissions (all Scopes)
Stronger than the -6.9% weighted average for S&P 500
FY2021
How is this calculated?

HSBC aims to achieve net zero for all Scopes by 2030


This target has not been verified as science based according to SBTi
HSBC's actual and proj. GHG emissions (all Scopes) (Kt of CO2e)

GHG emissions and Carbon intensity

HSBC's GHG emissions (market-based) (Kt of CO2e)
HSBC's Carbon intensity (Tons per 1 USDm)

HSBC's carbon footprint

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 (-96 /-4.6% y-o-y). The decline accelerated compared to the CAGR of -2.3% since 4Q'18.

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.

Company environmental metrics

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