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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.
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.
Industry Benchmark
Discover Financial Services's score of 47 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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 about 1,680,000 kg CO2e from Scope 1, totalling around 34,685,000 kg CO2e. This marks a slight decrease in emissions from 2022, where the company recorded approximately 35,918,000 kg CO2e in Scope 2 and about 1,275,000 kg CO2e in Scope 1, resulting in a total of around 37,193,000 kg CO2e. Discover Financial Services has not disclosed any Scope 3 emissions data, which typically includes indirect emissions from the value chain. The company has not set specific reduction targets through the Science Based Targets initiative (SBTi) or other climate pledges, indicating a potential area for future commitment. The emissions data is cascaded from its corporate family relationship with Capital One Financial Corporation, which may influence its climate strategies and reporting. As a merged entity, Discover Financial Services is expected to align its climate commitments with those of its parent organisation, although specific initiatives or targets have not been detailed in the available data. Overall, while Discover Financial Services has made strides in managing its carbon footprint, the absence of comprehensive Scope 3 data and formal reduction targets suggests that further action may be necessary to enhance its climate commitments.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| 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
Location emissions intensity
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.
