Discover Financial Services Sustainability Profile
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 67% 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 34,805,000 kg CO2e, comprising 1,680,000 kg CO2e from Scope 1 and 33,005,000 kg CO2e from Scope 2. This marks a slight decrease from 2022, where emissions were about 37,098,000 kg CO2e, with Scope 1 at 1,275,000 kg CO2e and Scope 2 at 35,918,000 kg CO2e. The company has not disclosed any Scope 3 emissions data. Discover Financial Services has not set specific reduction targets or initiatives as part of its climate commitments, and there are no documented climate pledges. However, it is important to note that emissions data and climate initiatives may be influenced by its relationship with Capital One Financial Corporation, from which certain climate-related initiatives and targets may be cascaded. Overall, Discover Financial Services is actively monitoring its carbon footprint, focusing on reducing its Scope 1 and 2 emissions, while continuing to align with broader industry standards for climate accountability.
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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 | - | - | - | - |
How Carbon Intensive is Discover Financial Services's Industry?
How Carbon Intensive is Discover Financial Services's Location?
Discover Financial Services's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Discover Financial Services has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
