Company: HBCYF
Filing Date: 2025-02-20
Form Type: 20-F
Source: 0001089113-25-000040
Chunk: 106

Company: HSBC HOLDINGS PLC
Filing Date: 2025-02-20
Form: 20-F
Chunk 106
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 emissions, while compared with 2023, they remained relatively stable, with a small reduction of 1.0% . This was mainly driven by suppliers providing real estate-related services and financial services, while emissions from suppliers of technology-related goods and services have increased, due to an increase in their investments (e.g. data centres), growth of new services (e.g. cloud and AI) and increase in our spend. In 2024 we also expanded the calculation scope by including two additional markets with third party spend. We continue to widen our reporting as more emissions and spend data are added to the procurement scope. Emissions calculations approach Our emissions report adheres to the Greenhouse Gas (‘GHG’) Protocol, which incorporates the scope 2 market-based emissions methodology. We report GHG emissions associated with the energy used in our premises and employees’ business travel and our supply chain in tonnes of CO2 equivalent. As a financial services organisation, carbon dioxide is the main type of GHG applicable to our operations, however, our current reporting also incorporates methane and nitrous oxide for completeness, although deemed immaterial. Based on our operational control boundary, in 2024 we collected data on energy use and business travel for our operations in 34 countries and territories out of the 58 markets we operate in, which accounted for approximately 97.7% of our full-time equivalent staff (‘FTEs’). To estimate the emissions of our operations in entities where we have operational control and a small presence, we scale up the emissions to 100%.

| Greenhouse gas emissions in tonnes CO2eper FTE |   |      |      |      |     | Energy consumption in kWh in 000s |   |         |         |           |
|                                                |   | 2024 | 2023 | 2019 |     |                                   |   |    2024 |    2023 |      2019 |
| Scope 1, 2 and3 (Category 6)                   | Ä |  1.1 |  1.3 |  2.9 |     | Total                             | Ä | 728,890 | 772,736 | 1,049,072 |
| Scope 1, 2 and3 (Category 1, 2and 6)           | Ä |  5.7 |  5.9 |  7.8 |     | UK only                           | Ä | 206,028 | 209,939 |