Snap
Snap Inc., commonly known as Snap, is a leading technology company headquartered in the United States, with significant operations across North America and Europe. Founded in 2011, Snap has revolutionised the social media landscape with its flagship product, Snapchat, a multimedia messaging app that allows users to share ephemeral content. The company has achieved notable milestones, including the introduction of augmented reality features and innovative advertising solutions that set it apart in the competitive social media industry. Snap's unique offerings, such as Snap Map and Spectacles, enhance user engagement and provide brands with creative marketing opportunities. With a strong market position, Snap continues to attract millions of active users, making it a key player in the digital communication and advertising sectors.
DitchCarbon Score
How does Snap'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 Computer Services 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
Snap's score of 64 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Snap's reported carbon emissions
In 2023, Snap Inc. reported total carbon emissions of approximately 249,792,000 kg CO2e. This figure includes 9,822,000 kg CO2e from Scope 1 emissions, 961,000 kg CO2e from Scope 2 emissions (market-based), and a significant 239,009,000 kg CO2e from Scope 3 emissions. The total emissions for 2022 were about 274,217,000 kg CO2e, indicating a reduction in emissions year-on-year. Snap Inc. has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 25% by 2025, using 2019 as the base year. This target is consistent with the Science Based Targets initiative (SBTi) guidelines, which classify it as aligned with a 1.5°C pathway. Additionally, the company aims to reduce Scope 3 emissions from purchased goods and services, business travel, and the use of sold products by 35% per unit of value added by 2025. Looking ahead, Snap Inc. has committed to achieving net negative emissions by 2030, meaning they plan to remove more carbon from the environment than they emit each year. This commitment reflects a proactive approach to addressing climate change and aligns with broader industry trends towards sustainability. Overall, Snap Inc.'s emissions data and climate commitments demonstrate a clear trajectory towards reducing their carbon footprint while contributing to global climate goals.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 4,656,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 4,284,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 124,727,000 | 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.
Snap 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.
