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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.
59
DitchCarbon score
+22 vs industry average
Capital One’s score of 59 is higher than 73% 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 reported total global carbon emissions of approximately 529.35 million kg CO2e in 2023. This comprised 8.61 million kg CO2e from Scope 1 emissions, 2.59 million kg CO2e from market-based Scope 2 emissions (77.78 million kg CO2e location-based), and 518.16 million kg CO2e from Scope 3 emissions. A significant portion of Scope 3 emissions stemmed from purchased goods and services, accounting for approximately 429.31 million kg CO2e.
Looking back, Capital One's total global emissions were approximately 688.83 million kg CO2e in 2022, and approximately 627.15 million kg CO2e in 2021.
Capital One has committed to several climate targets. The company aims to reduce its Scope 1 direct emissions by 50% by 2030, using a 2019 baseline. Furthermore, Capital One has a year-over-year goal to achieve carbon neutrality for Scope 1 and market-based Scope 2 emissions, and was carbon neutral for these scopes in 2017 and 2019 through purchased carbon offsets and Renewable Energy Certificate (REC) purchases. The company also aims to achieve carbon neutrality for Scope 1, Scope 2 indirect, and Scope 3 emissions by 2025.
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Capital One’s Climate Goals (2030 & 2050)
2 goals2030
42% reduction in Scope 1
Behind target42%
2030
42% reduction in Scope 2
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 One22 days ago
59
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Frequently asked questions
Common questions about Capital One’s sustainability data and climate commitments
Usage policy
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