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OrganisationsBlock
Block logo

Block

Computer ServicesUnited StatesNYSE: SQ
Last verified 10 months agoblock.xyz

Block Inc., commonly referred to as Block, is a prominent company within the computer and related services industry, headquartered in the United States. Established in 2013, the firm has rapidly grown to become a key player in financial technology, specialising in innovative payment solutions and blockchain-based services. Its main offerings include the widely used Square point-of-sale systems and Cash App, both recognised for their user-friendly interfaces and secure transaction capabilities.

With a strong presence across North America and expanding globally, Block has achieved notable milestones in democratizing financial access and streamlining commerce. Its focus on integrating cutting-edge technology with practical business tools has positioned it as a leader in the digital payments sector, setting industry standards and fostering widespread adoption of decentralised financial services.

55
DitchCarbon score

+13 vs industry average

Block’s score of 55 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

Low

Computer Services has below-average carbon intensity

Industry performance

0.246
20182025

The Computer Services industry has reduced its overall emissions by 11% since 2018

Emissions trajectory 2020 – 2027

000.0M000.0M000.0M000.0M0

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Sign up to see forecasted emissions and if they are on track for their climate goals

20202021202220232024202520262027

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Block's reported carbon emissions

Block Inc.'s most recent reported carbon emissions, for the year 2024, totalled approximately 425.4 million kg CO2e. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. Scope 1 emissions were approximately 710,390 kg CO2e, while Scope 2 emissions, using the market-based approach, were approximately 159,000 kg CO2e, and location-based Scope 2 emissions were about 8.5 million kg CO2e. The largest portion, Scope 3 emissions, amounted to approximately 407.3 million kg CO2e, with purchased goods and services representing the most significant category within Scope 3.

In 2022, Block reported total emissions of approximately 377.3 million kg CO2e. This included Scope 1 emissions of roughly 1.2 million kg CO2e, market-based Scope 2 emissions of about 18,258 kg CO2e, and location-based Scope 2 emissions of approximately 10.7 million kg CO2e. Scope 3 emissions for 2022 totalled approximately 365.3 million kg CO2e.

Block has established several climate commitments. Notably, they have a near-term target to reduce absolute Scope 1 and 2 GHG emissions by 46.2% by 2030, using 2019 as the base year. Concurrently, Block aims to increase its active annual sourcing of renewable electricity from 0% in 2019 to 100% by 2030. Furthermore, the company has committed to reducing its Scope 3 GHG emissions by 55% per million USD gross profit by 2030, also from a 2019 baseline. Block also holds a long-term net-zero commitment for all scopes by 2050.

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Block’s Climate Goals (2030 & 2050)

2 goals

2030

46.2% reduction in Scope 1

Block, Inc. commits to reduce absolute scope 1 and 2 GHG emissions 46.2% by 2030 from a 2019 base year. Block, Inc. also commits to increase…

At risk46.2%

2030

46.2% reduction in Scope 2

Block, Inc. commits to reduce absolute scope 1 and 2 GHG emissions 46.2% by 2030 from a 2019 base year. Block, Inc. also commits to increase…

At risk46.2%

Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.

Scope 3 top emissions categories

10 of 15 categories disclosed
Purchased Goods & Services84%
Business Travel6%
Capital Goods4%
Upstream Transportation & Distribution3%
Employee Commuting2%
Fuel & Energy Activities1%
End-of-Life Treatment0%
Use of Sold Products0%
Purchased Goods & Services84%
Business Travel6%
Capital Goods4%
Upstream Transportation & Distribution3%
Employee Commuting2%
Fuel & Energy Activities1%
End-of-Life Treatment0%
Use of Sold Products0%

See all scope 3 categories

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

2030 targetSee details
Active
CDP

Carbon Disclosure Project

Sign in to view
Active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

See details
Not active
RE 100

RE 100

See details
Not active
Climate Action 100+

Climate Action 100

See details
Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Block logoBlock
USComputer Services
10 months ago
55
Visa logoVisa
USFinancial Intermediation
2 days ago
100
View
Mastercard logoMastercard
USFinancial Intermediation
2 days ago
96
View
Robinhood logoRobinhood
USFinancial Intermediation
2 days ago
47
View
Squarespace logoSquarespace
USComputer Services
2 days ago
46
View
SoFi logoSoFi
USFinancial Intermediation
2 days ago
45
View
Bill.com logoBill.com
USFinancial Intermediation
12 days ago
26
View

Frequently asked questions

Common questions about Block’s sustainability data and climate commitments

Block's estimated carbon emissions for 2024 are approximately 425 million kg CO₂e. This figure includes emissions from Scope 1, Scope 2, and Scope 3 categories. Scope 3 emissions, which account for the largest share, are roughly 407 million kg CO₂e, mainly from purchased goods and services. Scope 1 emissions are around 710,000 kg, and Scope 2 emissions are close to 159,000 kg. These numbers reflect Block's ongoing efforts to measure and disclose its overall carbon footprint within the computer and related services industry.

Data year: 2024

Usage policy

You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.

See our License Agreement for more details.

Where does DitchCarbon
data come from?

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Ditchcarbonv260722.1
[email protected]+44 203 475 7875

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