Public Profile

Discover Financial Services

Discover Financial Services, commonly referred to as Discover, is a leading financial services company headquartered in the United States. Founded in 1985, Discover has established itself as a key player in the credit card and payment services industry, offering a range of innovative financial products. The company operates primarily in the US, with a growing presence in various international markets. Discover is renowned for its unique cashback rewards programme and no annual fee credit cards, setting it apart from competitors. With a commitment to customer service and financial education, Discover has achieved significant milestones, including being one of the first companies to offer a cash rewards credit card. Today, Discover continues to strengthen its market position, recognised for its reliability and customer-centric approach in the financial sector.

DitchCarbon Score

How does Discover Financial Services'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.

32

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.

26

Industry Benchmark

Discover Financial Services's score of 32 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.

80%

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Discover Financial Services's reported carbon emissions

In 2023, Discover Financial Services reported total carbon emissions of approximately 33,005,000 kg CO2e from Scope 2 and 1,680,000 kg CO2e from Scope 1, bringing their total emissions to about 34,685,000 kg CO2e. This reflects a continued commitment to reducing their carbon footprint, with emissions decreasing from 38,098,000 kg CO2e in 2021 and 35,918,000 kg CO2e in 2022. The company has demonstrated a consistent reduction in Scope 1 emissions, which fell from 1,502,000 kg CO2e in 2021 to 1,275,000 kg CO2e in 2022, and then to 1,680,000 kg CO2e in 2023. Scope 2 emissions also saw a decline from 39,909,000 kg CO2e in 2021 to 35,918,000 kg CO2e in 2022, and further to 33,005,000 kg CO2e in 2023. Despite these reductions, Discover Financial Services has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of Scope 3 emissions data indicates a potential area for future focus as the company continues to enhance its climate commitments.

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2020202120222023
Scope 1
1,869,000
0,000,000
0,000,000
0,000,000
Scope 2
39,909,000
00,000,000
00,000,000
00,000,000
Scope 3
-
-
-
-

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Discover Financial Services's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Discover Financial Services is in US, which has a low grid carbon intensity relative to other regions.

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.

Discover Financial Services 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers