Robinhood
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 45 is higher than 94% 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 2023, Robinhood reported total carbon emissions of approximately 19,000,000 kg CO2e, with emissions distributed across various scopes. Specifically, Scope 1 emissions were about 393,000 kg CO2e, primarily from stationary combustion. Scope 2 emissions, related to purchased electricity, totalled around 1,634,000 kg CO2e. The most significant contribution came from Scope 3 emissions, which accounted for approximately 16,000,000 kg CO2e, with major sources including purchased goods and services (about 56,510,000 kg CO2e) and employee commuting (approximately 1,813,000 kg CO2e). In 2022, Robinhood's total emissions were reported at about 72,585,000 kg CO2e, showing a notable decrease from the previous year. The breakdown included Scope 1 emissions of approximately 421,000 kg CO2e and Scope 2 emissions of about 1,872,000 kg CO2e, while Scope 3 emissions were around 72,164,000 kg CO2e. For 2021, the company reported total emissions of approximately 119,000,000 kg CO2e, with Scope 1 emissions at about 158,000 kg CO2e and Scope 2 emissions at approximately 958,000 kg CO2e. The majority of emissions were from Scope 3, totalling around 118,000,000 kg CO2e. Despite these figures, Robinhood has not publicly committed to specific reduction targets or initiatives, indicating a potential area for future improvement in their climate strategy. The company operates within a rapidly evolving industry context, where financial institutions are increasingly held accountable for their environmental impact.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 157,900 | 000,000 | 000,000 |
| Scope 2 | 958,400 | 0,000,000 | 0,000,000 |
| Scope 3 | 118,284,700 | 00,000,000 | 00,000,000 |
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.
Robinhood is not participating in any 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.
