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.
+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.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Discover Bank's reported carbon emissions
Discover Bank, a financial intermediation services provider headquartered in the US, reported Scope 1 and Scope 2 emissions for 2023 totalling approximately 31.6 million kg CO2e. This breaks down to about 3.04 million kg CO2e for Scope 1 and approximately 28.6 million kg CO2e for Scope 2.
In 2022, the company's Scope 1 and 2 emissions were approximately 34.8 million kg CO2e, comprising about 3.55 million kg CO2e for Scope 1 and approximately 31.2 million kg CO2e for Scope 2.
Discover Bank has set a near-term climate target to reduce its Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 50% from a 2017 baseline by 2030. As of 2023, the company indicated it was on track to meet this target within a five-year timeframe.
The emissions data for Discover Bank is cascaded from Capital One Financial Corporation, which is the ultimate parent organisation. Discover Bank's reporting reflects a merged entity relationship within Capital One Financial Corporation. The company has not disclosed Scope 3 emissions data, with "purchased goods and services" identified as a missing data point.
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Discover Bank’s Climate Goals (2030 & 2050)
2 goals2030
50% reduction in Scope 2
Reduce our Scope 1 and Scope 2 GHG emissions by 50% from the 2017 baseline by 2030
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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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 Corporation
Carbon Disclosure Project
Inherited from Capital One Financial CorporationThe Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Inherited from Capital One Financial CorporationClimate Action 100
Emissions comparison with industry peers
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