Block
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.
DitchCarbon Score
How does Block'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
Block's score of 60 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Block's reported carbon emissions
In 2023, Block, Inc. reported total greenhouse gas emissions of approximately 30,594,000 kg CO2e across all scopes. This includes about 22,028,000 kg CO2e from Scope 1, 50,331,000 kg CO2e from Scope 2, and 30,594,000 kg CO2e from Scope 3 emissions. For the year 2022, Block's emissions were significantly lower, with total emissions of approximately 37,730,400 kg CO2e, comprising about 18,737,000 kg CO2e from Scope 1, 38,648,000 kg CO2e from Scope 2, and 51,844,000 kg CO2e from Scope 3. Block, Inc. has set ambitious climate commitments, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 46.2% by 2030, using 2019 as the base year. Additionally, the company plans to transition to 100% renewable electricity sourcing by 2030. For Scope 3 emissions, Block aims to achieve a 55% reduction per million USD gross profit by 2030. These targets align with the Science Based Targets initiative (SBTi) and reflect Block's commitment to achieving net-zero emissions across all scopes by 2050. The company is actively working towards these goals, demonstrating a proactive approach to climate responsibility within the financial services sector.
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| 2019 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 842,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 4,583,000 | 00,000 | 00,000,000 |
| Scope 3 | 189,243,000 | 00,000,000 | 00,000,000 |
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.
Block 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.
