Capital One

Capital One's reported carbon emissions

Capital One, a financial intermediation services company headquartered in the US, reported a total of approximately 529.4 million kg CO2e in emissions for 2023. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. Scope 3 emissions represented the largest portion, amounting to about 518.2 million kg CO2e, with purchased goods and services being the most significant contributor within this scope at approximately 429.3 million kg CO2e. In 2022, Capital One's total emissions were approximately 688.8 million kg CO2e, with Scope 3 emissions at around 679.6 million kg CO2e. The previous year, 2021, saw total emissions of approximately 627.1 million kg CO2e, with Scope 3 emissions at about 618.0 million kg CO2e. Emissions data for 2020 and 2019 were approximately 567.0 million kg CO2e and 782.0 million kg CO2e, respectively. Capital One has established several climate commitments, including a near-term target to reduce Scope 1 direct emissions by 50% by 2030, using a 2019 baseline. The company also aims for carbon neutrality for Scope 1, Scope 2 (market-based), and Scope 3 emissions by 2025. Furthermore, there is a commitment, aligned with a Science-Based Target initiative (SBTi) approved target, to reduce Scope 1 and 2 GHG emissions by 43% per gross ton mile by 2030 from a 2019 base year. A long-term goal is to reduce absolute Scope 1, 2, and 3 GHG emissions by 90% by 2050 from a 2019 base year. Emissions data for earlier years show variations, with Scope 2 emissions being a significant component, and some years reporting incomplete Scope 3 data.