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 54 is higher than 75% 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 2022, Block, Inc. reported total carbon emissions of approximately 33,295,000 kg CO2e globally. This includes Scope 1 emissions of about 605,000 kg CO2e, Scope 2 emissions of approximately 2,428,000 kg CO2e (market-based), and significant Scope 3 emissions of about 12,800,000 kg CO2e. In the United States, Block's emissions were notably high, with Scope 1 emissions at 1,110,000 kg CO2e and Scope 2 emissions at approximately 9,999,000 kg CO2e. Block, Inc. has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 46.2% by 2030, using 2019 as the base year. Additionally, the company plans to increase its sourcing of renewable electricity from 0% in 2019 to 100% by 2030. For Scope 3 emissions, Block aims for a 55% reduction per million USD gross profit by 2030. These targets are aligned with the Science Based Targets initiative (SBTi) and reflect Block's commitment to sustainable practices and reducing its carbon footprint. The company is actively investing in renewable energy and energy efficiency initiatives to achieve these goals.
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| 2019 | 2022 | |
|---|---|---|
| Scope 1 | 842,000 | 000,000 |
| Scope 2 | 4,583,000 | 0,000,000 |
| Scope 3 | 189,243,000 | 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.
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.
