Capital One Sustainability Profile
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 61 is higher than 77% 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, with Scope 1 emissions at about 8,610,000 kg CO2e, Scope 2 emissions (market-based) at approximately 2,585,000 kg CO2e, and a significant contribution from Scope 3 emissions, which totalled around 518,159,000 kg CO2e. This represents a decrease from 2022, where total emissions were about 688,828,000 kg CO2e. Capital One has set ambitious climate commitments, aiming to reduce its Scope 1 direct emissions by 50% from a 2019 baseline by 2030. Additionally, the company has committed to achieving carbon neutrality for its Scope 1 and Scope 2 emissions by 2025. The majority of its Scope 2 emissions have been neutralised through renewable energy credits (RECs) as part of its goal for 100% renewable energy. The company’s reduction targets are aligned with the Science Based Targets initiative (SBTi), which includes a commitment to reduce Scope 1 and Scope 2 GHG emissions by 42% by 2030 from a 2021 base year, while also measuring and reducing Scope 3 emissions. Overall, Capital One's climate strategy reflects a proactive approach to managing its carbon footprint, with a focus on significant reductions across all scopes of emissions.
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| 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | - | 00,000,000 | - | - | - | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | - | 000,000,000 | 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 | - | 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 |
How Carbon Intensive is Capital One's Industry?
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Capital One's Scope 3 Categories Breakdown
Capital One's Scope 3 emissions, which decreased by 24% last year and increased significantly since 2012, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 83% of Scope 3 emissions.
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Capital One's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Capital One has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Capital One's sustainability data and climate commitments