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Capital One Financial Corporation, commonly known as Capital One, is a leading player in the financial intermediation services sector, excluding insurance and pension funding. Headquartered in the United States, the company has established a significant presence across major operational regions, including the East Coast and the West Coast.
Founded in 1994, Capital One has achieved notable milestones, including its rapid growth into one of the largest banks in the United States. The company is renowned for its innovative credit card offerings, competitive banking services, and advanced digital solutions, which set it apart in a crowded marketplace. With a strong focus on customer experience and technology, Capital One has garnered a reputation for excellence, consistently ranking among the top financial institutions in customer satisfaction and digital banking capabilities.
54
DitchCarbon score
+17 vs industry average
Capital One’s score of 54 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2026
2020202120222023202420252026
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Capital One's reported carbon emissions
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, 2.59 million kg CO2e from Scope 2 market-based emissions, and 518.16 million kg CO2e from Scope 3 emissions.
The company has set several climate commitments. Capital One aims to reduce its Scope 1 direct emissions by 50% by 2030, using a 2019 baseline. Furthermore, Capital One had a goal to achieve carbon neutrality for Scope 1 and 2 (market-based) emissions year-over-year, and for Scope 1, Scope 2, and Scope 3 emissions by 2025. It also previously achieved an 18% reduction in absolute GHG emissions by 2012 against a 2008 baseline, followed by a new goal to reduce absolute GHG emissions by 25% by 2020.
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Capital One’s Climate Goals (2030 & 2050)
2 goals2030
42% reduction in Scope 2
CAPITAL Co.,Ltd. commits to reduce scope 1 and scope 2 GHG emissions 42% by 2030 from a 2021 base year, and to measure and reduce its scope…
Behind target42%
2030
42% reduction in Scope 1
CAPITAL Co.,Ltd. commits to reduce scope 1 and scope 2 GHG emissions 42% by 2030 from a 2021 base year, and to measure and reduce its scope…
Behind target42%
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Scope 3 top emissions categories
6 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
2021 targetSee details
Active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Capital One1 month ago
54
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Frequently asked questions
Common questions about Capital One’s sustainability data and climate commitments
In 2023, Capital One reported total carbon emissions of approximately 529.35 million kg CO2e. This figure encompasses emissions across all three scopes, with Scope 3 emissions constituting the largest portion at around 518.16 million kg CO2e. Scope 1 emissions were about 8.61 million kg CO2e, and Scope 2 market-based emissions were roughly 2.59 million kg CO2e. This comprehensive reporting reflects Capital One's commitment to understanding and managing its environmental impact within the financial services sector.
Data year: 2023
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