Paypal Sustainability Profile
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 85 is higher than 92% 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 (market-based) at approximately 8,800,000 kg CO2e, and Scope 3 emissions reaching about 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 approximately 3,500,000 kg CO2e, Scope 2 (market-based) at about 9,800,000 kg CO2e, and Scope 3 at around 525,000,000 kg CO2e. 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 for a 25% reduction in Scope 3 emissions from fuel and energy-related activities over the same timeframe. Notably, PayPal also commits that 75% of its suppliers by spend will have science-based targets by 2025. In terms of specific reduction initiatives, PayPal has set a target to reduce Scope 1 emissions by 50% and Scope 2 emissions by 50% from a 2019 baseline by 2025. Furthermore, operational GHG emissions (Scope 1 and 2) decreased by 18% from 2023, contributing to their goal of a 25% reduction by 2025. Overall, PayPal's climate strategy reflects a commitment to significant emissions reductions and engagement with suppliers to enhance sustainability across its value chain.
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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 |
How Carbon Intensive is Paypal's Industry?
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Paypal's Scope 3 Categories Breakdown
Paypal's Scope 3 emissions, which decreased by 8% last year and increased significantly since 2017, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 82% of Scope 3 emissions.
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Paypal's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Paypal has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Paypal's sustainability data and climate commitments