Robinhood

As a financial intermediation services provider headquartered in the US, Robinhood reported total gross emissions of approximately 63,584,000 kg CO2e in 2024. In the same year, their Scope 1 emissions were around 232,000 kg CO2e, Scope 2 location-based emissions were 1,629,000 kg CO2e, and Scope 3 emissions totalled approximately 63,352,000 kg CO2e. Key categories contributing to their 2024 Scope 3 emissions included purchased goods and services (around 54,394,000 kg CO2e), business travel (approximately 5,701,000 kg CO2e), and employee commute (about 1,695,000 kg CO2e).

Looking back, Robinhood's total gross emissions were about 72,585,000 kg CO2e in 2022. For that year, Scope 1 emissions were approximately 421,000 kg CO2e, Scope 2 location-based emissions were 1,872,000 kg CO2e, and Scope 3 emissions stood at around 72,164,000 kg CO2e. In 2021, total gross emissions were approximately 107,880,000 kg CO2e, with Scope 1 emissions at about 157,900 kg CO2e, Scope 2 emissions at 958,400 kg CO2e, and Scope 3 emissions at 106,763,700 kg CO2e. Notably, 2021 Scope 3 emissions included significant contributions from capital goods (around 11,521,000 kg CO2e) and purchased goods and services (approximately 93,383,300 kg CO2e). Emissions data for 2023 was only partially disclosed, showing Scope 1 emissions of approximately 62,935,000 kg CO2e and Scope 3 emissions of around 62,541,000 kg CO2e, with Scope 2 emissions reported as 0 kg CO2e.

Robinhood has demonstrated climate commitments, aiming for climate neutrality for its Scope 1 and Scope 2 emissions. As part of this, they purchased 158 tonnes CO2e of kelp sequestration carbon removal units from Running Tide to offset their direct emissions from office natural gas usage for the period of 2023 to 2025. These targets apply to the 2021 target year.