Curious to see the emissions of the organizations you buy from or invest in?
Book a demo for a pilot project
Discover Bank, officially known as Discover Financial Services, is a prominent player in the financial intermediation services sector, headquartered in the United States. Founded in 1985, the bank has established itself as a leader in providing a range of financial products, including credit cards, personal loans, and savings accounts.
With a focus on customer-centric services, Discover Bank is renowned for its innovative cashback rewards programme and competitive interest rates, setting it apart in a crowded marketplace. The bank operates primarily in the US, serving millions of customers and consistently earning accolades for its exceptional customer service and robust digital banking platform.
Discover Bank's commitment to transparency and accessibility has solidified its market position, making it a trusted choice for consumers seeking reliable financial solutions.
54
DitchCarbon score
+17 vs industry average
Discover Bank’s score of 54 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Part of the Sustainability team at Discover Bank?
- Control how your company's emission story is told
- Respond to customers efficiently
- See who's viewing your profile
Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2026
2020202120222023202420252026
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Discover Bank's reported carbon emissions
Discover Bank, a US-based financial intermediation services company, reported Scope 1 emissions of 3,038,000 kg CO2e and Scope 2 emissions of 28,580,000 kg CO2e in 2023. This is a decrease from 2022, where Scope 1 emissions were 3,547,000 kg CO2e and Scope 2 emissions were 31,242,000 kg CO2e. The company has a commitment to reduce its combined Scope 1 and Scope 2 greenhouse gas emissions by 50% from a 2017 baseline by 2030. Discover Bank's performance data is reported directly by Discover Bank.
Assessing Discover Bank as a supplier or portfolio company?
- See verified emissions data for over 2 million organizations
- View emissions forecasts for Discover Bank and the organizations you buy from or invest in
- Get PCAF data quality (DQ) scores, including for private organizations
Discover Bank’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Inherited from Capital One Financial CorporationSee details
Active
Carbon Disclosure Project
Inherited from Capital One Financial CorporationSign in to view
Active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
Inherited from Capital One Financial CorporationSee details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Discover Bank7 days ago
54
Need this data for financed emissions?
PCAF scored Scope 1, 2 and 3 for 2M+ organizations, including private ones.
Usage policy
You’re welcome to quote or reference data from this page, but please include a visible link back to this URL. Bulk collection, resale, or redistribution of data from multiple profiles is not permitted.
See our License Agreement for more details.
Where does DitchCarbondata come from?
Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers
Learn more