HSBC
Visit at https://www.hsbc.com
HSBC
HSBC is one of the largest banking and financial services institutions in the world, serving millions of customers through its global businesses. It provides a wide range of financial services, including corporate, institutional, and personal banking solutions.
Positive signals
HSBC Thailand certified as one of the Best Places to Work in Thailand for 2024-2025.
HSBC has publicly committed to becoming a net zero bank by 2050, aiming to reduce its own emissions and support customers in decarbonizing their operations, aligning with global climate targets.
HSBC's 2023 ESG review reports that the bank now includes all major greenhouse gases—carbon dioxide, methane, and nitrous oxide—in its sectoral emissions reporting, reflecting a broader and more transparent approach to climate impact measurement.
Concerns
Anti-money laundering and sanctions violations
CRITICAL
Source →Discrimination claim against HSBC for not hiring a female banker
MEDIUM
Source →Market Forces UK reports that HSBC's financing of major fossil fuel projects, such as Ichthys LNG and APLNG, will enable the release of over 1.13 billion tonnes of CO2 over their lifetimes, more than double Australia’s annual greenhouse gas emissions, directly conflicting with the bank’s stated climate commitments.
HIGH
Source →Since the Paris Agreement, HSBC has funneled significant financing into fossil fuels, contributing to $6.9 trillion globally, which has rapidly accelerated the climate crisis and undermined global decarbonization efforts.
HIGH
Source →HSBC acknowledges that its current portfolio has a heavy financed emissions footprint, indicating that the bank’s historical and ongoing investments are a significant barrier to achieving its net zero ambitions.
MEDIUM
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