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OrganisationsBlock
Block logo

Block

Computer ServicesUnited StatesNYSE: SQ
Last verified 9 months agoblock.xyz

Block, Inc., commonly referred to as Block, is a leading financial technology company headquartered in the United States. Founded in 2009, Block has made significant strides in the digital payments industry, particularly through its flagship product, Square, which revolutionised point-of-sale transactions for small businesses.

With a strong presence in North America and expanding operations globally, Block also encompasses Cash App and TIDAL, diversifying its offerings in peer-to-peer payments and music streaming. The company is recognised for its innovative approach to financial services, leveraging blockchain technology to enhance security and transparency.

Block's commitment to empowering businesses and individuals alike has solidified its position as a key player in the fintech landscape, marked by notable achievements such as its public listing in 2015 and continuous growth in user engagement across its platforms.

54
DitchCarbon score

+14 vs industry average

Block’s score of 54 is higher than 72% 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

Very Low

Computer Services is among the least carbon-intensive industries

Industry performance

0.070
20192025

The Computer Services industry has reduced its overall emissions by 19% since 2019

Emissions trajectory 2020 – 2027

000.0M000.0M000.0M000.0M0

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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

In 2024, Block, Inc. reported total carbon emissions of approximately 407,346,000 kg CO2e, comprising Scope 1 emissions of 710,390 kg CO2e, Scope 2 emissions of 159,000 kg CO2e (market-based), and Scope 3 emissions of 407,346,000 kg CO2e. This data reflects a comprehensive approach to emissions reporting, including all relevant scopes. Block, Inc. has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 46.2% by 2030 from a 2019 baseline. Additionally, the company plans to increase its sourcing of renewable electricity from 0% in 2019 to 100% by 2030. For Scope 3 emissions, Block, Inc. targets a reduction of 55% per million USD gross profit by 2030, also based on 2019 levels. These targets are aligned with the Science Based Targets initiative (SBTi) and demonstrate a commitment to long-term sustainability. The company’s emissions data is not cascaded from any parent organization, ensuring that its reported figures are independently verified. Block, Inc. continues to focus on enhancing its sustainability practices and reducing its carbon footprint in line with industry standards.

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Block’s Climate Goals (2030 & 2050)

No climate goals have been disclosed for Block yet.

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%

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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
9 months ago
54
Worldline logoWorldline
FRFinancial Intermediation
1 day ago
99
View
Nexi SpA logoNexi SpA
ITFinancial Intermediation
19 days ago
96
View
Adobe logoAdobe
USComputer Services
7 days ago
81
View
Oracle logoOracle
USComputer Services
3 hours ago
81
View
Anz Bank logoAnz Bank
AUFinancial Intermediation
2 days ago
80
View
Paypal logoPaypal
USFinancial Intermediation
5 days ago
78
View

Frequently asked questions

Common questions about Block’s sustainability data and climate commitments

In 2024, Block reported total carbon emissions of approximately 407 million kg CO₂e. The vast majority of these emissions, around 99.8%, are attributed to Scope 3 emissions, which account for approximately 407 million kg CO₂e. Scope 1 emissions are about 710,000 kg CO₂e, while Scope 2 emissions are roughly 159,000 kg CO₂e. This comprehensive reporting reflects Block's commitment to transparency in its environmental impact.

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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Ditchcarbonv260319.2
[email protected]+44 203 475 7875

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