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.
+18 vs industry average
Discover Financial Services’s score of 53 is higher than 69% 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
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Discover Financial Services's reported carbon emissions
In 2023, Discover Financial Services reported total emissions of approximately 34,850,000 kg CO2e, comprising 1,680,000 kg CO2e from Scope 1 and 33,005,000 kg CO2e from Scope 2 emissions. Notably, the company has set an ambitious target to reduce its Scope 1 and Scope 2 greenhouse gas emissions by 50% from a 2017 baseline by the year 2030. This commitment reflects a proactive approach to climate action, aligning with industry standards for emissions reduction. The emissions data for 2022 indicated a total of approximately 36,668,000 kg CO2e, with Scope 1 emissions at 1,275,000 kg CO2e and Scope 2 emissions at 35,918,000 kg CO2e. This shows a slight decrease in total emissions from the previous year, indicating progress towards their reduction goals. Discover Financial Services' climate commitments are further supported by initiatives cascaded from its corporate family, particularly from Capital One Financial Corporation, which also influences their sustainability strategies. However, there is currently no reported data for Scope 3 emissions, which often represent a significant portion of a company's overall carbon footprint. Overall, Discover Financial Services is actively working towards significant emissions reductions, demonstrating a commitment to sustainability and climate responsibility within the financial services sector.
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Discover Financial Services’s Climate Goals (2030 & 2050)
2 goals2030
50% reduction in Scope 1
Reduce our Scope 1 and Scope 2 GHG emissions by 50% from the 2017 baseline by 2030
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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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 Corporation
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Inherited from Capital One Financial CorporationClimate Action 100
Emissions comparison with industry peers
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Common questions about Discover Financial Services’s sustainability data and climate commitments
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