Carbon neutrality
HSBC became carbon neutral in 2005, which means our worldwide operations contribute zero net carbon dioxide into the atmosphere.
To achieve our carbon neutrality, we take four key steps:
- Measure and report our carbon footprint
- Reduce energy consumption and business travel in line with targets
- Purchase renewable energy in countries where this is possible
- Offset our remaining CO2 emissions by purchasing verified emissions reductions from high quality projects.
Our carbon neutral status helps the bank to understand the implications and impacts that an increasingly carbon-constrained economy will have, both for us and for our clients. We believe that financial institutions will need to play an important role in the shift to a low-carbon economy.
Carbon neutrality also acts as a catalyst for organisational efficiency. The cost of offsetting carbon emissions is paid by the business regionally, providing an incentive to keep emissions to a minimum.
Through the procurement of green electricity and credible, verified offsets, HSBC is also helping to stimulate the global supply of, and investment in, low-carbon technologies.
Related case studies
Supporting Renewables and Energy Efficiency projects through our carbon neutrality
HSBC has supported a number of renewable energy and energy efficiency projects through its carbon offset purchases, including eight small hydrostations in the Sichuan province.
Related content
Climate Confidence Monitor
HSBC has conducted consumer research on climate change for two consecutive years. Find out what individuals around the world believe and hope about climate change.
HSBC Climate Partnership
Our work with the HSBC Climate Partnership also seeks to make a difference to climate change. Find out more here.
