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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.
47
DitchCarbon score
+10 vs industry average
Discover Bank’s score of 47 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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 – 2025
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 3,547,000 kg CO2e and Scope 2 emissions of 31,014,000 kg CO2e in 2022. This represents a total of 34,561,000 kg CO2e for its disclosed Scope 1 and 2 emissions. In 2021, the company's Scope 1 emissions were 1,946,000 kg CO2e and Scope 2 emissions were 38,807,000 kg CO2e.
Discover Bank has set a near-term absolute reduction target to decrease its Scope 1 and Scope 2 greenhouse gas emissions by 50% from a 2017 baseline by 2030. In 2017, the company's Scope 1 emissions were 1,869,000 kg CO2e and Scope 2 emissions were 46,493,000 kg CO2e, for a combined total of 48,362,000 kg CO2e.
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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 Bank5 days ago
47
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