Synchrony Financial, commonly known as Synchrony, is a leading provider of consumer financial services headquartered in the United States. Founded in 2003, the company has established a strong presence across various operational regions, focusing primarily on retail finance, payment solutions, and consumer banking. Specialising in private label credit cards, promotional financing, and loyalty programmes, Synchrony distinguishes itself through innovative technology and strategic partnerships with major retailers. The company has achieved significant milestones, including its initial public offering in 2014, which solidified its position in the financial services industry. With a commitment to enhancing customer experiences, Synchrony has garnered recognition for its robust digital capabilities and customer-centric approach, making it a key player in the consumer finance sector.
How does Synchrony'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.
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.
Synchrony's score of 40 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Synchrony reported total carbon emissions of approximately 34,501,000 kg CO2e. This figure includes Scope 1 emissions of about 126,000 kg CO2e, Scope 2 emissions of approximately 17,606,000 kg CO2e, and Scope 3 emissions of about 16,769,000 kg CO2e. Comparatively, in 2022, the company's total emissions were around 26,997,000 kg CO2e, with Scope 1 at about 223,000 kg CO2e, Scope 2 at approximately 19,435,000 kg CO2e, and Scope 3 at about 7,339,000 kg CO2e. This indicates a significant increase in emissions from 2022 to 2023. Over the past few years, Synchrony has demonstrated a commitment to addressing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. The company has reported emissions data across all three scopes, reflecting a comprehensive approach to climate accountability. As a leading financial services provider headquartered in the US, Synchrony's emissions profile highlights the importance of corporate responsibility in mitigating climate change impacts.
Access structured emissions data, company-specific emission factors, and source documents
2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
---|---|---|---|---|---|---|
Scope 1 | 1,751,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 |
Scope 2 | 25,736,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
Scope 3 | 12,437,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 |
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.
Synchrony 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.