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, with 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 Scope 3 total of around 485,100,000 kg CO2e. This represents a decrease from 2023, where total emissions were about 515,100,000 kg CO2e, with Scope 1 at 3,500,000 kg CO2e and Scope 2 at 9,800,000 kg CO2e (market-based). PayPal has set ambitious climate commitments, aiming to reduce absolute operational greenhouse gas (GHG) emissions by 25% by 2025 from a 2019 baseline. This target applies to both Scope 1 and Scope 2 emissions. Additionally, the company aims to cut Scope 1 emissions by 50% and Scope 2 emissions by 50% by 2025, also from a 2019 baseline. Furthermore, PayPal is committed to reducing absolute Scope 3 emissions from fuel and energy-related activities by 25% over the same timeframe. The company has also pledged 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. These commitments align with the Science Based Targets initiative (SBTi) and reflect PayPal's dedication to addressing climate change and reducing its carbon footprint.
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| 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.
