PayPal Holdings, Inc., commonly known as PayPal, is a leading player in the financial intermediation services sector, headquartered in the United States. Founded in 1998, the company has revolutionised online payments, enabling individuals and businesses to transact securely across the globe. With a strong presence in North America, Europe, and Asia, PayPal offers a range of core services, including digital wallets, payment processing, and merchant services, distinguished by their user-friendly interface and robust security features.
Over the years, PayPal has achieved significant milestones, such as the acquisition of Braintree and Venmo, further solidifying its market position. As a pioneer in the fintech industry, PayPal continues to innovate, providing seamless payment solutions that cater to millions of users worldwide, making it a trusted name in online financial transactions.
+42 vs industry average
Paypal’s score of 79 is higher than 87% 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 reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Paypal's reported carbon emissions
PayPal's carbon emissions data for the financial year 2025 indicates a Scope 2 market-based total of approximately 9,100,000 kg CO2e, alongside Scope 1 emissions of approximately 2,100,000 kg CO2e and Scope 3 emissions including business travel at approximately 20,100,000 kg CO2e and fuel and energy-related activities at approximately 24,300,000 kg CO2e.
In 2024, PayPal reported total emissions of approximately 478,100,000 kg CO2e, comprising Scope 1 emissions of about 2,100,000 kg CO2e, Scope 2 market-based emissions of approximately 8,800,000 kg CO2e, and Scope 3 emissions totalling approximately 467,000,000 kg CO2e. Key contributors to Scope 3 in 2024 included purchased goods and services at approximately 399,000,000 kg CO2e and capital goods at approximately 26,000,000 kg CO2e.
For 2023, PayPal's total emissions were approximately 515,100,000 kg CO2e. This included Scope 1 at about 3,500,000 kg CO2e, Scope 2 market-based at approximately 9,800,000 kg CO2e, and Scope 3 emissions of approximately 502,000,000 kg CO2e, with purchased goods and services accounting for a significant portion at roughly 431,000,000 kg CO2e.
In 2022, total emissions were approximately 517,100,000 kg CO2e, with Scope 1 at about 3,900,000 kg CO2e, Scope 2 market-based at approximately 6,700,000 kg CO2e, and Scope 3 at approximately 507,000,000 kg CO2e.
PayPal has set several reduction targets. The company aims to reduce absolute operational GHG emissions by 25% by 2025, using a 2019 baseline year. This target applies to Scope 1 and Scope 2 emissions. Furthermore, PayPal committed to reducing its Scope 1 and 2 operational GHG emissions by 85% by 2030, relative to a 2019 baseline year. This aligns with Science Based Targets initiative (SBTi) commitments for 1.5°C warming pathways. Additionally, PayPal aims for 75% of its suppliers by spend, covering purchased goods and services, capital goods, business travel, and upstream transportation and distribution, to have science-based targets by 2025.
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Paypal’s Climate Goals (2030 & 2050)
1 goal2030
85% reduction in all scopes
Reduce absolute operational (Scope 1 and 2) GHG emissions by 85% by 2030 (from a 2019 base year) (consistent with GHG Protocol MBM)
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.
See all 1 climate goals
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Scope 3 top emissions categories
2 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives

Science Based Targets Initiative

Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Common questions about Paypal’s sustainability data and climate commitments
Data year: 2024
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