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 53 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Block's reported carbon emissions
In 2023, Block, Inc. reported significant carbon emissions, totalling approximately 22028000 kg CO2e for Scope 1, 50331000 kg CO2e for Scope 2, and 30594000 kg CO2e for Scope 3. This reflects their commitment to transparency in emissions reporting across all scopes. Block has set ambitious climate targets, aiming to reduce absolute Scope 1 and 2 greenhouse gas emissions by 46.2% by 2030, using 2019 as the base year. Additionally, they plan to increase their sourcing of renewable electricity from 0% in 2019 to 100% by 2030. For Scope 3 emissions, Block aims to achieve a 55% reduction per million USD gross profit by 2030. These commitments align with the Science Based Targets initiative (SBTi) and demonstrate Block's dedication to addressing climate change and reducing their overall carbon footprint. The company is also committed to achieving net-zero emissions across all scopes by 2050, reinforcing their long-term sustainability goals.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 committed to some reduction initiatives 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.
