Charles Schwab Corporation
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, which includes 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 that while Schwab is aware of its carbon footprint, it has yet to establish formal initiatives aimed at reducing emissions or aligning with frameworks such as the Science Based Targets initiative (SBTi). 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’s revenue for the year was approximately $20.76 billion, reflecting its substantial operational scale. Overall, while Charles Schwab has made strides in transparency regarding its emissions, the lack of defined reduction strategies highlights an area for potential growth in its climate commitments.
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| 2022 | |
|---|---|
| Scope 1 | 8,409,000 |
| Scope 2 | 90,599,000 |
| Scope 3 | - |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Charles Schwab Corporation is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
