Paypal

PayPal, a US-headquartered financial intermediation services company, reported Scope 1 emissions of 2,100,000 kg CO2e, market-based Scope 2 emissions of 9,100,000 kg CO2e, and partial Scope 3 emissions including business travel of 20,100,000 kg CO2e and fuel and energy-related activities of 24,300,000 kg CO2e for 2025.

In 2024, PayPal's total reported emissions were approximately 478,100,000 kg CO2e. This included Scope 1 emissions of 2,100,000 kg CO2e, market-based Scope 2 emissions of 8,800,000 kg CO2e, and Scope 3 emissions totalling 467,000,000 kg CO2e. Key contributors to Scope 3 emissions in 2024 were purchased goods and services at 399,000,000 kg CO2e, capital goods at 26,000,000 kg CO2e, employee commute at 18,000,000 kg CO2e, and business travel at 12,300,000 kg CO2e.

Looking back, PayPal's total emissions were approximately 515,100,000 kg CO2e in 2023 and 517,100,000 kg CO2e in 2022. For 2021, only partial Scope 3 emissions were reported, totalling about 511,732,000 kg CO2e. In 2020, total emissions were 39,100,000 kg CO2e.

PayPal has set several climate commitments and targets:

• Near-term Targets: PayPal commits to reduce absolute Scope 1 and 2 GHG emissions by 25% by 2025, from a 2019 base year. They also aim to reduce absolute Scope 3 GHG emissions from fuel and energy-related activities by 25% over the same timeframe. These targets are approved by the Science Based Targets initiative (SBTi) and are consistent with reductions required to keep global warming to 1.5°C.
• Supplier Engagement: PayPal commits that 75% of its suppliers by spend, covering purchased goods and services, capital goods, business travel, and upstream transportation and distribution, will have science-based targets by 2025.
• Long-term Net-Zero: The company has pledged to achieve net-zero GHG emissions across its operations and value chain by 2040, aligning with the SBTi's net-zero targets standard.
• Operational Efficiency: PayPal aims to power its data centres with 100% renewable energy sources by 2023. They have also established a target to reduce absolute operational (Scope 1 and 2) GHG emissions by 85% by 2030, from a 2019 base year.