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Paypal
PayPal Holdings, Inc., commonly known as PayPal, is a leading player in the digital payments industry, headquartered in the United States. Founded in 1998, the company has revolutionised online transactions, providing a secure platform for individuals and businesses to send and receive money globally. With a strong presence in North America, Europe, and Asia, PayPal has established itself as a trusted name in e-commerce. The company offers a range of core services, including online payment processing, mobile payments, and peer-to-peer money transfers, distinguished by its user-friendly interface and robust security features. Notable milestones include its acquisition of Braintree and Venmo, further solidifying its market position. PayPal's commitment to innovation and customer satisfaction has earned it a reputation as a pioneer in the fintech sector, making it an essential tool for millions of users worldwide.
DitchCarbon Score
How does Paypal'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
Paypal's score of 79 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Paypal's reported carbon emissions
In 2024, PayPal reported total carbon emissions of approximately 478,100,000 kg CO2e, a decrease from 515,100,000 kg CO2e in 2023. The emissions breakdown for 2024 includes Scope 1 emissions at about 2,100,000 kg CO2e, Scope 2 emissions at approximately 8,800,000 kg CO2e (market-based), and a significant contribution from Scope 3 emissions, which totalled around 485,100,000 kg CO2e. Notably, the largest components of Scope 3 emissions were from purchased goods and services (about 399,000,000 kg CO2e) and employee commuting (approximately 18,000,000 kg CO2e). PayPal has set ambitious climate commitments, aiming to reduce absolute operational greenhouse gas emissions by 25% by 2025, using 2019 as the baseline year. This target applies to both Scope 1 and Scope 2 emissions. Additionally, the company has committed to a 25% reduction in Scope 3 emissions from fuel and energy-related activities over the same timeframe. Furthermore, PayPal aims for 75% of its suppliers, by spend, to have science-based targets by 2025. In terms of specific reduction initiatives, PayPal has set a target to reduce Scope 1 emissions by 80% and Scope 2 emissions by 80% from the 2019 baseline by 2025. The company has reported an 18% decrease in operational GHG emissions (Scope 1 and 2) from 2023, attributed to enhanced operational efficiency and a focus on clean energy. Overall, PayPal's climate strategy reflects a commitment to significant emissions reductions and alignment with science-based targets, contributing to broader industry efforts to combat climate change.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 9,445,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 63,188,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 20,838,000 | - | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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.
Paypal is participating in some 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.
