Capital One

Capital One's total reported carbon emissions for 2023 were approximately 529.35 million kg CO2e. This includes about 8.61 million kg CO2e from Scope 1 emissions, approximately 77.78 million kg CO2e from Scope 2 (location-based), and around 518.16 million kg CO2e from Scope 3 emissions.

In 2022, their total emissions were about 688.83 million kg CO2e, comprising around 7.30 million kg CO2e (Scope 1), approximately 83.85 million kg CO2e (Scope 2 location-based), and roughly 679.62 million kg CO2e (Scope 3). For 2021, total emissions were about 627.15 million kg CO2e, with approximately 7.38 million kg CO2e from Scope 1, around 95.91 million kg CO2e from Scope 2 (location-based), and about 618.01 million kg CO2e from Scope 3.

Capital One is committed to reducing Scope 1 direct emissions by 50% by 2030, from a 2019 baseline. The company also previously achieved an 18% reduction in its original five-year absolute greenhouse gas (GHG) reduction target of 10% from a 2008 baseline by 2012. Following acquisitions, a new absolute GHG reduction goal of 25% by 2020 was established. The company has also aimed to achieve carbon neutrality for Scope 1, Scope 2 indirect, and Scope 3 emissions by 2025.

Additionally, Capital One has a year-over-year goal to be carbon neutral for Scope 1 and Scope 2 (market-based) emissions. In 2017, the majority of its Scope 2 (market-based) emissions were neutralised through Renewable Energy Certificate (REC) purchases as part of its 100% renewable energy goal. Similarly, 11.72 million kg CO2e of 2017 Scope 1 emissions were neutralised through purchased carbon offsets.