HSBC Holdings PLC 2020 AR2
The report highlights HSBC's performance and strategic progress during 2020, a year heavily impacted by the Covid-19 pandemic and low interest rates. Despite these challenges, the company made significant progress on its transformation plans, including merging its retail, wealth, and private banking businesses into Wealth and Personal Banking. In October 2020, the company announced its ambition to become a net-zero bank by 2050 or sooner, aiming to align its financed emissions with the Paris Agreement. Additionally, the company surpassed its 2020 carbon reduction target, achieving 1.76 tonnes of CO2 per full-time equivalent employee, and provided $93 billion in cumulative sustainable finance and investment since 2017.
Company: HSBC Holdings PLC
Sector: Finance & insurance
Country: United Kingdom
Year: 2020
Type: AR2
Pages: 382
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HSBC Holdings PLC
Annual Report And Accounts
The report highlights HSBC's performance and strategic progress during 2020, a year heavily impacted by the Covid-19 pandemic and low interest rates. Despite these challenges, the company made significant progress on its transformation plans, including merging its retail, wealth, and private banking businesses into Wealth and Personal Banking. In October 2020, the company announced its ambition to become a net-zero bank by 2050 or sooner, aiming to align its financed emissions with the Paris Agreement. Additionally, the company surpassed its 2020 carbon reduction target, achieving 1.76 tonnes of CO2 per full-time equivalent employee, and provided $93 billion in cumulative sustainable finance and investment since 2017.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Published
Feb 23, 2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Energy Consumption
Renewable Energy
Women on Board
Women in Management
Workplace Fatalities
Net Zero Target
Employees