Discover Bank Sustainability Profile
Discover Bank, a subsidiary of Discover Financial Services, is headquartered in the United States and operates primarily in the financial services industry. Founded in 1985, the bank has established itself as a key player in the online banking sector, offering a range of products including savings accounts, certificates of deposit, and personal loans. What sets Discover Bank apart is its commitment to customer service and competitive interest rates, making it a preferred choice for many consumers. With a strong market position, Discover Bank has garnered numerous accolades for its innovative banking solutions and user-friendly digital platform. As it continues to expand its offerings, Discover Bank remains dedicated to providing exceptional value and convenience to its customers across the nation.
DitchCarbon Score
How does Discover Bank'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
Discover Bank's score of 50 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Discover Bank's reported carbon emissions
In 2023, Discover Bank reported its carbon emissions in the UK, with Scope 1 emissions totalling approximately 239,000 kg CO2e and Scope 2 emissions at about 527,000 kg CO2e. This data reflects a commitment to transparency in environmental impact, although no Scope 3 emissions data was disclosed. Comparatively, in 2022, the bank's emissions were slightly higher, with Scope 1 at around 191,000 kg CO2e and Scope 2 at approximately 548,000 kg CO2e. This indicates a minor reduction in both scopes year-on-year. Discover Bank has set ambitious targets to reduce its greenhouse gas emissions. The bank aims to achieve a 50% reduction in both Scope 1 and Scope 2 emissions from a 2017 baseline by the year 2030. This commitment aligns with industry standards for climate action and reflects a proactive approach to sustainability. It is important to note that Discover Bank's emissions data is cascaded from its parent company, Capital One Financial Corporation, which also adheres to similar environmental initiatives and reporting standards. This corporate relationship enhances the bank's overall climate strategy and accountability. Overall, Discover Bank is making strides towards reducing its carbon footprint while maintaining a focus on transparency and sustainability in its operations.
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| 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,869,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 39,909,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | - | - | - | - | - | - |
How Carbon Intensive is Discover Bank's Industry?
How Carbon Intensive is Discover Bank's Location?
Discover Bank'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.
Discover Bank 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.
