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Discover Financial Services, commonly known as Discover, is a prominent financial services company headquartered in the US. Established in 1986, it operates within the financial intermediation sector, providing a comprehensive suite of banking and payment solutions.
As a leading direct bank, Discover specialises in credit cards, personal loans, student loans, and a range of deposit products like savings accounts and Certificates of Deposit. It is renowned for its innovative cashback rewards programmes and dedication to customer service, often offering credit cards with no annual fees.
Beyond direct banking, Discover also manages the expansive Discover Global Network. This robust payment network includes Discover Network, Diners Club International, and PULSE, facilitating transactions worldwide and reinforcing its significant role in global payment processing.
+15 vs industry average
Discover Financial Services’s score of 52 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Financial Intermediation is among the least carbon-intensive industries
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Scope 3 accounts for ••• of total emissions.
Discover Financial Services, a US-based company in the financial intermediation services sector, reported its most recent carbon emissions for 2023. Their total Scope 1 emissions were approximately 1,680,000 kg CO2e, and Scope 2 emissions were about 33,005,000 kg CO2e. In 2022, their Scope 1 emissions were around 1,275,000 kg CO2e and Scope 2 emissions were approximately 35,918,000 kg CO2e. For 2021, Scope 1 emissions were about 1,502,000 kg CO2e, and Scope 2 emissions were roughly 38,098,000 kg CO2e. In 2020, Scope 1 emissions were approximately 1,869,000 kg CO2e, and Scope 2 emissions were about 39,909,000 kg CO2e. Discover Financial Services has not disclosed Scope 3 emissions data.
The company has 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. This target applies to both Scope 1 and Scope 2 emissions.
The SBTi commitments listed are for DISCO Corporation, located in Japan, and are not directly relevant to Discover Financial Services. Discover Financial Services's RE100 and RTZ initiatives are cascaded from Capital One Financial Corporation.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
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.
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
No scope 3 category breakdown has been disclosed yet.


PCAF scored Scope 1, 2 and 3 for 2M+ organizations, including private ones.
Common questions about Discover Financial Services’s sustainability data and climate commitments
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