Robinhood Sustainability Profile
Robinhood Markets, Inc., commonly known as Robinhood, is a pioneering financial services company headquartered in the United States. Founded in 2013, Robinhood has transformed the investment landscape by offering commission-free trading of stocks, options, and cryptocurrencies, making investing accessible to a broader audience. With a strong presence across major operational regions in the US, Robinhood has achieved significant milestones, including the launch of its mobile app that simplifies trading for novice investors. The platform's unique selling point lies in its user-friendly interface and innovative features, such as fractional shares and cash management services. As a leader in the fintech industry, Robinhood has garnered millions of users and has been instrumental in driving the trend towards zero-commission trading, solidifying its position as a key player in the modern investment ecosystem.
DitchCarbon Score
How does Robinhood'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
Robinhood's score of 58 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Robinhood's reported carbon emissions
In 2024, Robinhood reported total carbon emissions of approximately 63,584,000 kg CO2e. This figure includes 232,000 kg CO2e from Scope 1 emissions, which primarily stem from direct operations, and 1,629,000 kg CO2e from Scope 2 emissions, related to purchased electricity. The majority of their emissions, about 63,352,000 kg CO2e, fall under Scope 3, encompassing indirect emissions from the supply chain and other activities, such as purchased goods and services (54,394,000 kg CO2e) and business travel (5,701,000 kg CO2e). In 2023, Robinhood's emissions were slightly lower, totalling around 62,941,000 kg CO2e, with Scope 1 emissions at 62,935,000 kg CO2e and Scope 3 emissions at 62,541,000 kg CO2e. The previous year, 2022, saw total emissions of approximately 72,585,000 kg CO2e, with Scope 1 at 421,000 kg CO2e and Scope 3 at 72,164,000 kg CO2e. Robinhood has set near-term climate commitments to achieve net-zero emissions for its Scope 1 and Scope 2 emissions by purchasing 158 tCO2e of kelp sequestration carbon removal units from Running Tide, with a timeframe from 2023 to 2025. This initiative aims to offset the impact of their direct emissions from office natural gas usage. Overall, Robinhood's emissions data reflects a significant reliance on Scope 3 emissions, highlighting the importance of supply chain management in their climate strategy. The company continues to explore avenues for reducing its carbon footprint while committing to carbon offset initiatives.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 157,900 | 000,000 | 00,000,000 | 000,000 |
| Scope 2 | 958,400 | 0,000,000 | - | - |
| Scope 3 | 106,763,700 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Robinhood's Industry?
How Carbon Intensive is Robinhood's Location?
Robinhood's Scope 3 Categories Breakdown
Robinhood's Scope 3 emissions, which increased by 1% last year and decreased by approximately 41% since 2021, 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 86% of Scope 3 emissions.
Top Scope 3 Categories
Robinhood'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.
Robinhood has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
