Capital One

Capital One, a US-headquartered company in the Financial intermediation services, except insurance and pension funding services industry, reported total carbon emissions of approximately 529,354,000 kg CO2e in 2023. This includes Scope 1 emissions of approximately 8,610,000 kg CO2e, market-based Scope 2 emissions of about 2,585,000 kg CO2e, and Scope 3 emissions totalling approximately 518,159,000 kg CO2e. Key contributors to Scope 3 emissions included purchased goods and services (approximately 429,310,000 kg CO2e), upstream transportation and distribution (approximately 37,426,000 kg CO2e), employee commuting (approximately 21,037,000 kg CO2e), and business travel (approximately 20,748,000 kg CO2e).

Looking back, Capital One's total emissions were about 688,828,000 kg CO2e in 2022 and approximately 627,147,000 kg CO2e in 2021.

Capital One has set several climate commitments. The company aims to reduce its Scope 1 direct emissions by 50% by 2030, using a 2019 baseline. The Science Based Targets initiative (SBTi) has approved targets for CAPITAL Co.,Ltd. (a separate entity but listed in the provided SBTi data), committing to reduce Scope 1 and Scope 2 GHG emissions by 42% by 2030 from a 2021 base year, and to measure and reduce its Scope 3 emissions. Capital One had a year-over-year goal to be carbon neutral for Scope 1 and market-based Scope 2 emissions by 2019, with its 2017 Scope 1 emissions neutralised through purchased carbon offsets and the majority of 2017 Scope 2 market-based emissions neutralised via REC purchases. An earlier absolute GHG reduction goal was to achieve a 25% reduction by 2020 from a 2008 baseline, which succeeded an 18% reduction by 2012 against the same baseline.