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Public Profile
Services Auxiliary to Financial Intermediation
US
updated 10 days ago

Charles Schwab Corporation

Company website

Charles Schwab Corporation, commonly known as Schwab, is a leading financial services firm headquartered in the United States. Founded in 1971, Schwab has established itself as a key player in the brokerage and investment industry, with significant operations across major regions in North America. The company offers a diverse range of services, including brokerage, wealth management, and financial advisory, distinguished by its commitment to low-cost investing and customer-centric solutions. Notable milestones include the introduction of online trading, which revolutionised the investment landscape. With a strong market position, Charles Schwab is recognised for its innovative technology and robust platform, catering to both individual investors and institutional clients. Its dedication to transparency and accessibility has earned it numerous accolades, solidifying its reputation as a trusted partner in financial growth.

DitchCarbon Score

How does Charles Schwab Corporation's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.

29

Industry Average

Mean score of companies in the Services Auxiliary to Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.

30

Industry Benchmark

Charles Schwab Corporation's score of 29 is lower than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.

48%

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Charles Schwab Corporation's reported carbon emissions

In 2022, The Charles Schwab Corporation reported total carbon emissions of approximately 99,008,000 kg CO2e, which includes 8,409,000 kg CO2e from Scope 1 emissions and 90,599,000 kg CO2e from Scope 2 emissions. Notably, the company has not disclosed any Scope 3 emissions data. Despite the significant emissions figures, there are currently no specific reduction targets or climate pledges outlined by the corporation. The absence of such commitments suggests that while Schwab is aware of its carbon footprint, it has yet to establish formal initiatives aimed at reducing emissions or addressing climate change comprehensively. The emissions data is not cascaded from any parent organization, indicating that these figures are solely representative of The Charles Schwab Corporation's own operations. As the company continues to navigate its environmental impact, future commitments and strategies may emerge to align with industry standards and expectations for sustainability.

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2022
Scope 1
8,409,000
Scope 2
90,599,000
Scope 3
-

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Charles Schwab Corporation's primary industry is Services auxiliary to financial intermediation (67), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Charles Schwab Corporation is in US, which has a low grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Charles Schwab Corporation is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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