Environmental, Social and Governance Review

The report describes HSBC's updated focus on net zero across operations, travel and supply chain by 2050, alongside an expected 40% emissions reduction by 2030. It reports that operational emissions from energy and business travel fell 66.1% from the 2019 baseline in 2024. The Board takes overall responsibility for ESG strategy, and a Sustainability Working Group of the HSBC Holdings Board was established in October 2024.