Charles Schwab & Co., Inc. Sustainability Profile
Charles Schwab & Co., Inc., commonly known as Schwab, is a leading financial services firm headquartered in the United States. Founded in 1971, Schwab has established itself as a key player in the brokerage and investment industry, with significant operations across major regions including the West Coast and beyond. The company offers a diverse range of services, including brokerage accounts, investment advisory, and wealth management solutions, distinguished by its commitment to low-cost trading and customer-centric technology. Schwab's innovative approach has garnered numerous accolades, solidifying its position as a trusted partner for individual investors and institutions alike. With a focus on empowering clients through education and accessible financial tools, Charles Schwab continues to redefine the investment landscape, making it a formidable force in the financial sector.
DitchCarbon Score
How does Charles Schwab & Co., Inc.'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
Charles Schwab & Co., Inc.'s score of 29 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Charles Schwab & Co., Inc. currently does not have specific carbon emissions data available for the most recent year, as indicated by the absence of reported figures. The company is a current subsidiary of The Charles Schwab Corporation, which may influence its climate commitments and emissions reporting. As part of its climate strategy, Charles Schwab & Co., Inc. inherits emissions data and performance metrics from its parent organisation, The Charles Schwab Corporation, at a cascade level of 2. However, no specific reduction targets or initiatives have been documented for Charles Schwab & Co., Inc. itself. In the broader context, the financial services industry is increasingly focusing on sustainability and climate commitments, with many firms setting science-based targets to reduce their carbon footprints. While Charles Schwab & Co., Inc. has not publicly committed to specific reduction targets or initiatives, it is essential for organisations in this sector to align with industry standards and practices to address climate change effectively.
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| 2022 | |
|---|---|
| Scope 1 | 8,409,000 |
| Scope 2 | 90,599,000 |
| Scope 3 | - |
How Carbon Intensive is Charles Schwab & Co., Inc.'s Industry?
How Carbon Intensive is Charles Schwab & Co., Inc.'s Location?
Charles Schwab & Co., Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Charles Schwab & Co., Inc. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
