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 30 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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, amounting to a combined total of about 34,685,000 kg CO2e. This reflects a slight increase in Scope 1 emissions compared to 2022, where Scope 1 emissions were approximately 1,275,000 kg CO2e and Scope 2 emissions were about 35,918,000 kg CO2e. Over the past few years, Discover has demonstrated a commitment to reducing its carbon footprint. In 2022, the company achieved a reduction in Scope 1 emissions from 1,502,000 kg CO2e in 2021 to 1,275,000 kg CO2e, indicating a positive trend in emissions management. However, there are currently no specific reduction targets or initiatives disclosed, such as Science Based Targets Initiative (SBTi) commitments or climate pledges. Overall, Discover Financial Services is actively monitoring its emissions, with a focus on Scope 1 and Scope 2 emissions, while continuing to explore further climate commitments and reduction strategies in the future.
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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 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.
