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Discover Financial Services
Financial IntermediationUnited StatesNYSE: DFS
Last verified 2 days agodiscover.com
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.
47
DitchCarbon score
+10 vs industry average
Discover Financial Services’s score of 47 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2026
2020202120222023202420252026
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Discover Financial Services's reported carbon emissions
Discover Financial Services, a US-based company in the Financial intermediation services sector, reported its carbon emissions for 2023 as 34,685,000 kg CO2e. This total comprises Scope 1 emissions of 1,680,000 kg CO2e and Scope 2 emissions of 33,005,000 kg CO2e.
Looking back, Discover Financial Services's Scope 1 and 2 emissions have shown some fluctuation. In 2022, combined Scope 1 and 2 emissions were 37,193,000 kg CO2e (1,275,000 kg CO2e for Scope 1 and 35,918,000 kg CO2e for Scope 2). In 2021, these emissions totalled 39,600,000 kg CO2e (1,502,000 kg CO2e for Scope 1 and 38,098,000 kg CO2e for Scope 2). The earliest reported data, from 2020, showed combined Scope 1 and 2 emissions of 41,778,000 kg CO2e (1,869,000 kg CO2e for Scope 1 and 39,909,000 kg CO2e for Scope 2).
The company's SBTi reduction target data is cascaded from its ultimate parent through a corporate family relationship. Discover Financial Services has a near-term Science Based Target initiative (SBTi) commitment, though further details regarding the target year and classification are not available. Additionally, RE100 and RTZ initiatives are cascaded from Capital One Financial Corporation.
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Discover Financial Services’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Discover Financial Services yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Inherited from Capital One Financial CorporationSee details
Active
Carbon Disclosure Project
See details
Not active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
Inherited from Capital One Financial CorporationSee details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Discover Financial Services2 days ago
47
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Frequently asked questions
Common questions about Discover Financial Services’s sustainability data and climate commitments
Usage policy
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