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 58 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. This figure includes Scope 1 emissions of about 8,610,000 kg CO2e, Scope 2 emissions of approximately 2,585,000 kg CO2e (market-based), and a significant contribution from Scope 3 emissions, which totalled around 518,159,000 kg CO2e. Notably, the majority of Scope 3 emissions stem from purchased goods and services, accounting for about 429,310,000 kg CO2e. Comparatively, in 2022, Capital One's total emissions were about 688,828,000 kg CO2e, with Scope 1 emissions at approximately 7,296,000 kg CO2e and Scope 2 emissions (market-based) at around 1,914,000 kg CO2e. The substantial decrease in total emissions from 2022 to 2023 indicates a positive trend in their carbon management efforts. Capital One has set ambitious climate commitments, aiming to reduce Scope 1 direct emissions by 50% from a 2019 baseline by 2030. Additionally, the company has pledged to achieve carbon neutrality for Scope 1 and Scope 2 emissions by 2025. This commitment includes a goal to neutralise the majority of its Scope 2 emissions through renewable energy credits (RECs). Furthermore, Capital One's targets are aligned with the Science Based Targets initiative (SBTi), which validates their emissions reduction goals. The company is committed to reducing Scope 1 and Scope 2 GHG emissions by 42% by 2030 from a 2021 base year, while also measuring and addressing Scope 3 emissions. Overall, Capital One's proactive approach to managing its carbon footprint reflects its dedication to sustainability and climate responsibility within the financial services sector.
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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 | 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 | - | 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.
