Capital One

Capital One, a financial intermediation services provider headquartered in the US, reported approximately 529,354,000 kg CO2e in total emissions for 2023. This figure encompasses Scope 1, Scope 2, and Scope 3 emissions. Of this total, Scope 3 emissions were approximately 518,159,000 kg CO2e, with purchased goods and services accounting for the largest portion.

Key Emissions Data:

• 2023:
  • Total Emissions: Approximately 529,354,000 kg CO2e
  • Scope 1: Approximately 8,610,000 kg CO2e
  • Scope 2 (Location-Based): Approximately 77,782,000 kg CO2e
  • Scope 3: Approximately 518,159,000 kg CO2e
• 2022:
  • Total Emissions: Approximately 688,828,000 kg CO2e
  • Scope 1: Approximately 7,296,000 kg CO2e
  • Scope 2 (Location-Based): Approximately 83,850,000 kg CO2e
  • Scope 3: Approximately 679,618,000 kg CO2e

Climate Commitments and Reduction Targets:

Capital One has established several significant climate commitments:

• Scope 1 Emissions Reduction: The company is committed to reducing Scope 1 direct emissions by 50% by 2030, using a 2019 baseline. This target is considered on track for the five-year outlook.
• Carbon Neutrality Goal: Capital One aims to achieve carbon neutrality for Scope 1, Scope 2, and Scope 3 emissions by 2025. Additionally, they have pursued year-over-year carbon neutrality for Scope 1 and Scope 2 (market-based) emissions.
• Science-Based Targets: Capital One has set Science-Based Targets (SBTi) approved targets, including a commitment to reduce Scope 1 and 2 GHG emissions by 43% per gross ton mile by 2030 from a 2019 base year. Further SBTi data indicates commitments from "CAPITAL Co.,Ltd." (likely a related entity given the provided data structure) to reduce Scope 1 and 2 GHG emissions by 42% by 2030 from a 2021 base year, aligning with a 1.5°C pathway. There is also a long-term commitment to reduce absolute Scope 1, 2, and 3 GHG emissions by 90% by 2050 from a 2019 base year.
• Intensity Targets: For corporate debt and equity investments, Capital One has committed to a 50% reduction in scope 1 and 2 carbon intensity from 2019 to 2030, consistent with achieving Net Zero emissions by 2050.

Capital One's emissions data is not cascaded from a parent organisation.