Robinhood

Robinhood, a financial intermediation services company headquartered in the US, reported approximately 63.6 billion kg CO2e in total emissions for 2024. This figure encompasses Scope 1, 2, and 3 emissions.

For the reporting year 2023, Robinhood's total emissions were approximately 124.8 billion kg CO2e, comprising Scope 1, 2, and 3. In 2022, the company's total emissions were about 72.6 billion kg CO2e. Prior to that, in 2021, Robinhood reported approximately 107.9 billion kg CO2e in total emissions.

Looking at specific scopes, in 2024, Scope 1 emissions were around 232,000 kg CO2e, and Scope 3 emissions were approximately 63.4 billion kg CO2e. Scope 2 emissions for 2024 were about 1.6 million kg CO2e (location-based). In 2023, Scope 1 emissions were approximately 62.9 million kg CO2e, and Scope 3 emissions were about 62.5 million kg CO2e. Scope 2 emissions for 2023 are reported as 0.0 kg CO2e. In 2022, Scope 1 emissions were approximately 421,000 kg CO2e, Scope 2 emissions were about 1.9 million kg CO2e (location-based), and Scope 3 emissions were approximately 72.2 billion kg CO2e. For 2021, Scope 1 emissions stood at approximately 157,900 kg CO2e, Scope 2 emissions were about 958,400 kg CO2e, and Scope 3 emissions were approximately 106.8 billion kg CO2e.

Robinhood has set a target to reduce its Scope 1 emissions by 25% by 2030. Similarly, the company aims to achieve a 25% reduction in Scope 2 emissions by 2030. Furthermore, Robinhood has a long-term goal of achieving net zero Scope 1 emissions by 2050 and net zero Scope 2 emissions by 2050. The company has also purchased carbon removal units to offset direct emissions from office natural gas usage.