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.

30

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.

3

Industry Benchmark

Discover Financial Services's score of 30 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.

84%

Discover Financial Services's reported carbon emissions

In 2023, Discover Financial Services reported 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 reflects a continued commitment to reducing emissions, with a notable decrease in Scope 1 emissions from 1,502,000 kg CO2e in 2021 and 1,275,000 kg CO2e in 2022. The company has demonstrated a proactive approach to climate commitments, although specific reduction targets or initiatives have not been disclosed. Discover Financial Services is focused on enhancing its sustainability practices, aligning with industry standards for climate action. As they continue to monitor and report their emissions, further commitments may emerge to support their environmental goals.

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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. Discover Financial Services is headquartered in US, which has a rank of low, indicating low grid carbon 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 committed to any reduction initiatives 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
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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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