Transition Pathways: Energy

For HSBC’s Transition Pathways survey, HSBC has worked with Kantar. The survey is not wholly-representative of HSBC’s customer base and covers respondents across 300 key financial decision makers from businesses operating in the energy sector, comprising Oil & Gas (135 businesses), Power (141 businesses) and Coal (24). The survey findings and responses have not been independently verified. Renewables were the primary energy source for 132 businesses. Businesses were located in Europe (120), Asia (101), the Middle East (43) and North/Central America (36). Overall 77 (26%) had a turnover between $5 and $10m, 70 (23%) had a turnover between $10 and $500m, 153 (51%) turnover in excess of $500m, of which 65 (22%) had turnover in excess of $2.5Bn. 135 (45%) had been established for less than 10 years and 165 (55%) for more than 10 years. Data was collected through an online questionnaire and the survey ran for three weeks from 26 September to 18 October 2022.

In preparing this survey, HSBC has relied upon appropriate available data, information and responses given at the time of writing. This report should not form the basis of any third party’s decision to undertake, or otherwise engage in, any activity and third parties do not have any right to rely on it. Neither HSBC nor Kantar accept any duty of care, responsibility or liability in relation to this research or its application or interpretation, including as to the accuracy, completeness or sufficiency of it or any outcomes arising from the same.

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