Capital One
Capital One Financial Corporation, commonly known as Capital One, is a leading financial services company headquartered in the United States. Founded in 1994, it has established itself as a prominent player in the banking industry, particularly in credit cards, auto loans, banking, and savings accounts. With a strong presence across major operational regions, including the East Coast and West Coast, Capital One has consistently innovated its offerings. The company is renowned for its user-friendly digital banking solutions and competitive credit card rewards programmes, which set it apart in a crowded marketplace. Notable achievements include being one of the largest credit card issuers in the US, reflecting its robust market position. Capital One continues to focus on technology-driven financial services, making banking more accessible and efficient for millions of customers.
DitchCarbon Score
How does Capital One'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.
Industry Average
Mean score of companies in the 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.
Industry Benchmark
Capital One's score of 58 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Capital One's reported carbon emissions
In 2023, Capital One reported total carbon emissions of approximately 529,354,000 kg CO2e. This includes Scope 1 emissions of about 8,610,000 kg CO2e, Scope 2 emissions of approximately 2,585,000 kg CO2e (market-based), and a significant contribution from Scope 3 emissions, which totalled around 518,159,000 kg CO2e. Notably, the company has set ambitious targets to reduce its carbon footprint, aiming for a 50% reduction in Scope 1 emissions by 2030 from a 2019 baseline. In 2022, Capital One's total emissions were about 688,828,000 kg CO2e, with Scope 1 emissions at approximately 7,296,000 kg CO2e and Scope 2 emissions (market-based) at around 1,914,000 kg CO2e. The Scope 3 emissions for that year were reported at about 679,618,000 kg CO2e. The company has committed to achieving carbon neutrality for its Scope 1, 2, and 3 emissions by 2025. This commitment reflects a broader strategy to enhance sustainability and reduce greenhouse gas emissions across its operations. Capital One's initiatives include purchasing renewable energy credits (RECs) to offset its emissions and a focus on reducing emissions from business travel and employee commuting. Overall, Capital One's climate commitments and reduction targets demonstrate a proactive approach to addressing climate change, aligning with industry standards and expectations for corporate responsibility.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 00,000,000 | - | - | - | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 188,365,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 25,992,000 | - | 00,000,000 | 00,000,000 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
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.
Capital One is participating in some 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.
