Globally, financial corporations are taking action to reduce their carbon footprint in accordance with the Paris Agreement and UN sustainable development goals. Alongside the reduction of CO2 emissions, many banks have made financial pledges to fund and faciliate more sustainable projects. In 2017, HSBC Holdings made a sustainable finance commitment to reach 100 billion U.S. dollars to be reached by 2025. As of 2019, the global bank had gone past the half way mark to hitting this goal.
As well as financial commmitments, many banks including HSBC have commited to sourcing 100 percent of their electricity needs from renewable energy sources. As of 2019, HSBC was just under one third of the way to reaching this goal which has an end date of 2030.
Share of HSBC Holdings electricity that was sourced from renewable energy worldwide from 2016 to 2030
Characteristic
Share of electricity from renewable sources
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HSBC. (February 18, 2020). Share of HSBC Holdings electricity that was sourced from renewable energy worldwide from 2016 to 2030 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1104673/share-of-electricity-use-of-hsbc-worldwide-that-is-sourced-from-renewable-sources/
HSBC. "Share of HSBC Holdings electricity that was sourced from renewable energy worldwide from 2016 to 2030." Chart. February 18, 2020. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1104673/share-of-electricity-use-of-hsbc-worldwide-that-is-sourced-from-renewable-sources/
HSBC. (2020). Share of HSBC Holdings electricity that was sourced from renewable energy worldwide from 2016 to 2030. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1104673/share-of-electricity-use-of-hsbc-worldwide-that-is-sourced-from-renewable-sources/
HSBC. "Share of Hsbc Holdings Electricity That Was Sourced from Renewable Energy Worldwide from 2016 to 2030." Statista, Statista Inc., 18 Feb 2020, https://www.statista.com/statistics/1104673/share-of-electricity-use-of-hsbc-worldwide-that-is-sourced-from-renewable-sources/
HSBC, Share of HSBC Holdings electricity that was sourced from renewable energy worldwide from 2016 to 2030 Statista, https://www.statista.com/statistics/1104673/share-of-electricity-use-of-hsbc-worldwide-that-is-sourced-from-renewable-sources/ (last visited July 22, 2024)
Share of HSBC Holdings electricity that was sourced from renewable energy worldwide from 2016 to 2030 [Graph], HSBC, February 18, 2020. [Online]. Available: https://www.statista.com/statistics/1104673/share-of-electricity-use-of-hsbc-worldwide-that-is-sourced-from-renewable-sources/
