Charles Schwab Corporation Sustainability Profile
Charles Schwab Corporation, 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 in North America. The company offers a diverse range of services, including brokerage, wealth management, and financial advisory, distinguished by its commitment to low-cost investing and customer-centric solutions. Notable milestones include the introduction of online trading, which revolutionised the investment landscape. With a strong market position, Charles Schwab is recognised for its innovative technology and robust platform, catering to both individual investors and institutional clients. Its dedication to transparency and accessibility has earned it numerous accolades, solidifying its reputation as a trusted partner in financial growth.
DitchCarbon Score
How does Charles Schwab Corporation'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 Services Auxiliary to 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 Corporation's score of 29 is lower than 52% 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 Corporation's reported carbon emissions
In 2022, The Charles Schwab Corporation reported total carbon emissions of approximately 99,008,000 kg CO2e, comprising 8,409,000 kg CO2e from Scope 1 emissions and 90,599,000 kg CO2e from Scope 2 emissions. Notably, the company has not disclosed any Scope 3 emissions data. Despite the significant emissions figures, there are currently no specific reduction targets or climate pledges outlined by the corporation. The absence of such commitments suggests a potential area for improvement in their climate strategy. As a financial services firm headquartered in the US, Charles Schwab's emissions data is not cascaded from any parent company, indicating that these figures are solely representative of its own operations. The company is encouraged to adopt industry-standard climate initiatives to enhance its sustainability profile and align with global climate goals.
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| 2022 | |
|---|---|
| Scope 1 | 8,409,000 |
| Scope 2 | 90,599,000 |
| Scope 3 | - |
How Carbon Intensive is Charles Schwab Corporation's Industry?
How Carbon Intensive is Charles Schwab Corporation's Location?
Charles Schwab Corporation'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 Corporation 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.
