Capital One
Capital One Financial Corporation, commonly known as Capital One, is a leading financial services company headquartered in the United States. Founded in 1994, it has established itself as a prominent player in the banking industry, particularly in credit cards, auto loans, banking, and savings accounts. With a strong presence across major operational regions, including the East Coast and West Coast, Capital One has consistently innovated its offerings. The company is renowned for its user-friendly digital banking solutions and competitive credit card rewards programmes, which set it apart in a crowded marketplace. Notable achievements include being one of the largest credit card issuers in the US, reflecting its robust market position. Capital One continues to focus on technology-driven financial services, making banking more accessible and efficient for millions of customers.
DitchCarbon Score
How does Capital One'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 Financial Intermediation 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
Capital One'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.
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Capital One's reported carbon emissions
In 2023, Capital One reported total carbon emissions of approximately 529,354,000 kg CO2e. This figure includes Scope 1 emissions of about 8,610,000 kg CO2e, Scope 2 emissions of approximately 77,782,000 kg CO2e (location-based), and significant Scope 3 emissions totalling around 518,159,000 kg CO2e. Notably, the Scope 3 emissions encompass business travel, employee commuting, and purchased goods and services. Capital One has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 42% by 2030, using 2021 as the baseline year. This target has been validated by the Science Based Targets initiative (SBTi) and reflects the company's commitment to align with the necessary reductions to limit global warming to 1.5°C. Additionally, the company is focused on measuring and reducing its Scope 3 emissions, which represent a significant portion of its overall carbon footprint. Overall, Capital One's climate strategy demonstrates a proactive approach to addressing its carbon emissions and contributing to global climate goals.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 00,000,000 | - | - | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 188,365,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 25,992,000 | 00,000,000 | 00,000,000 | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 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.
Capital One 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.
