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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.
81
DitchCarbon score
+44 vs industry average
Paypal’s score of 81 is higher than 88% 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
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Paypal's reported carbon emissions
PayPal's latest reported emissions for 2024 totalled 478,100,000 kg CO2e. This includes Scope 1 emissions of 2,100,000 kg CO2e, Scope 2 market-based emissions of 8,800,000 kg CO2e, and Scope 3 emissions of 467,000,000 kg CO2e.
Looking back, in 2023, PayPal reported total emissions of 515,100,000 kg CO2e, comprising Scope 1 emissions of 3,500,000 kg CO2e, Scope 2 market-based emissions of 9,800,000 kg CO2e, and Scope 3 emissions of 502,000,000 kg CO2e. For 2022, total emissions were approximately 517,100,000 kg CO2e, with Scope 1 at 3,900,000 kg CO2e, Scope 2 market-based at 6,700,000 kg CO2e, and Scope 3 at 507,000,000 kg CO2e. In 2021, only Scope 3 emissions were reported at 446,000,000 kg CO2e.
PayPal Holdings, Inc. has committed to several climate targets approved by the Science Based Targets initiative (SBTi). These include reducing absolute Scope 1 and 2 GHG emissions by 25% by 2025, from a 2019 base year. Additionally, the company aims to reduce absolute Scope 3 GHG emissions from fuel and energy-related activities by 25% over the same timeframe. PayPal also commits that 75% of its suppliers by spend, covering categories such as purchased goods and services, capital goods, business travel, and upstream transportation and distribution, will have science-based targets by 2025.
The company has also pledged to achieve net-zero GHG emissions across its operations and value chain by 2040. As part of this commitment, PayPal aims for 100% renewable energy sources to power its data centres by 2023. More broadly, PayPal aims to reduce absolute operational (Scope 1 and 2) GHG emissions by 85% by 2030, using a 2019 baseline.
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Paypal’s Climate Goals (2030 & 2050)
3 goals2025
25% reduction in Scope 2
PayPal Holdings, Inc. commits to reduce absolute scope 1 and 2 GHG emissions 25% by 2025 from a 2019 base year. PayPal Holdings, Inc. commit…
On track25%
2025
25% reduction in scope 3 total
PayPal Holdings, Inc. commits to reduce absolute scope 1 and 2 GHG emissions 25% by 2025 from a 2019 base year. PayPal Holdings, Inc. commit…
On track25%
2025
25% reduction in Scope 1
PayPal Holdings, Inc. commits to reduce absolute scope 1 and 2 GHG emissions 25% by 2025 from a 2019 base year. PayPal Holdings, Inc. commit…
On track25%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
2 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
2025 targetSee details
Active
Carbon Disclosure Project
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Active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Paypal3 months ago
81
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Frequently asked questions
Common questions about Paypal’s sustainability data and climate commitments
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