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 32 is higher than 80% 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 1,680,000 kg CO2e from Scope 1, bringing their total emissions to about 34,685,000 kg CO2e. This reflects a continued commitment to reducing their carbon footprint, with emissions decreasing from 38,098,000 kg CO2e in 2021 and 35,918,000 kg CO2e in 2022. The company has demonstrated a consistent reduction in Scope 1 emissions, which fell from 1,502,000 kg CO2e in 2021 to 1,275,000 kg CO2e in 2022, and then to 1,680,000 kg CO2e in 2023. Scope 2 emissions also saw a decline from 39,909,000 kg CO2e in 2021 to 35,918,000 kg CO2e in 2022, and further to 33,005,000 kg CO2e in 2023. Despite these reductions, Discover Financial Services has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The absence of Scope 3 emissions data indicates a potential area for future focus as the company continues 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.
