Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 631

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 631
---
 other stakeholders that they should be publicly reported. Our approach to materiality also considers disclosure standards and other applicable rules and regulations as part of our materiality assessment for specific ESG topics and relevant disclosures. Given ongoing developments in the ESG regulatory environment across various jurisdictions in which we operate, combined with the relative immaturity of processes, systems, data quality and controls, our focus remains on supporting a globally consistent set of mandatory sustainability standards. We aim to continue to evolve our reporting to recognise market developments, such as the International Sustainability Standards Board (‘ISSB’) or the Corporate Sustainability Reporting Directive (‘CSRD’), and support the efforts to harmonise the disclosures. In this Form 20-F we continue to report against the core World Economic Forum (‘WEF’), Stakeholder Capitalism Metrics and Sustainability Accounting Standards Board (‘SASB’) metrics, and will continue to review our approach as the regulatory landscape evolves. Consistent with the scope of financial information presented in this Form 20-F, the ESG review covers the operations of HSBC Holdings plc and its subsidiaries. Given the relative immaturity of ESG-related data and methodologies in general, we are on a journey towards improving completeness and robustness. For further details of our material ESG topics, see ‘Engaging with our stakeholders and our material ESG topics’ on page 19 . Our reporting around ESG We report on ESG matters throughout this Form 20-F, including the ’ESG overview’ section of the Strategic Report (pages 18 to 22 ), ESG review (pages 39 to 82 ), and the ‘Climate risk’ and ‘Insights from climate scenario analysis’ sections of the Risk review (pages 249 to 258 ). In addition, we have other supplementary materials, including our ESG Data Pack, which provides a more granular breakdown of ESG information.

| Detailed data                                                 | Additional reports                                                                                                                                  |
| ESG Data Pack 2024,including SASB Index2024 and WEF Index2024 | UK Pay Gap Report 2024Modern Slavery and Human Trafficking Statement2024Green Bond Report 2024HSBC UN Sustainable Development Goals BondReport 2024 |

For further details of our supplementary materials, see our ESG reporting centre at www.hsbc.com/who-we-are/esg-and-responsible-business/esg- reporting-centre. ESG Guide We comply with the ‘comply or explain’ provisions in the ESG Guide, save for certain items, which we describe