HSBC

Target Type:

Net zero (or similar)

Annual Revenue:

60.6bn

Target year:

2050

KEY:

TARGETS

Targets Icon

COVERAGE

Targets Icon

GOVERNANCE

Targets Icon

OFFSETS & SINKS

Targets Icon

Target Status

No target

Proposed / in discussion

Declaration / pledge

In corporate strategy

In law

Achieved (self-declared)

Achieved (validated)

First interim target

2030

Type of interim target

No target

Emissions reduction

Absolute reduction

Intensity reduction

BAU reduction

Greenhouse gases

CO2 + others

CO2 only

Not specified

Historical emissions

Yes

No

Full coverage of Scopes 1 and 2

Yes

No

Not specified

Scope 3 coverage

Yes

Partial

No

Not specified

Detailed plan

Complete

Incomplete

No plan

Annual reporting mechanism

Yes

Less than annual

No mechanism

Refers to equity

Yes

No

Formal accountability

Yes

No

Not specified

Planning to use external offset credits

Yes

No

Not specified

Separate targets for emission reductions and removals

Yes

No

Conditions on use of offset credits

No conditions

High environmental integrity

Avoid social harm

Avoid biodiversity harm

Excludes avoided emissions

Excludes emissions reductions

Excludes biological sequestration

Maximum % of emissions that can be offset

Other conditions

Plans for carbon removal (CDR)

Not specified

No plans

Yes (unspecified)

Nature-based removals

CCS-based removals

Both nature and CCS-based

Please download the full data set to get more information on this entry.

Entry last updated 08 Aug 2022. Does this data need updating?

Request Company Update

Share:

Share on Twitter
Share on LinkedIn
Share on Facebook

Net Zero Tracker Partners

  • Energy & Climate Intelligence Unit logo
  • Data Driven Envirolab logo
  • New Climate Institue logo
  • Net Zero | University of Oxford