Public Profile

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.

58

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.

26

Industry Benchmark

Capital One's score of 58 is higher than 98% of the industry. This can give you a sense of how well the company is doing compared to its peers.

98%

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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 various categories, including business travel and purchased goods and services. Capital One has set ambitious climate commitments, aiming to achieve carbon neutrality for its Scope 1, Scope 2, and Scope 3 emissions by 2025. Additionally, the company is committed to reducing its Scope 1 direct emissions by 50% from a 2019 baseline by 2030. This commitment reflects a proactive approach to mitigating climate impact, particularly as its Scope 1 emissions are primarily driven by natural gas use and refrigerant leakage. Historically, Capital One has made strides in emissions reduction, achieving a 25% reduction in greenhouse gas emissions by 2020 from a 2008 baseline. The company has also previously neutralised its Scope 1 and 2 emissions for the years 2017 to 2019 through the purchase of renewable energy credits. Overall, Capital One's ongoing efforts and clear reduction targets demonstrate a strong commitment to addressing climate change and reducing its carbon footprint in the financial services sector.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20122013201420152016201720192020202120222023
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

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Capital One's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Capital One is in US, which has a low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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