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 51 is higher than 96% 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 72,300,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 56,510,000 kg CO2e. The breakdown of emissions includes Scope 1 emissions of about 393,000 kg CO2e, primarily from stationary combustion, and Scope 2 emissions of approximately 1,634,000 kg CO2e from purchased electricity. The company has set near-term climate commitments to achieve net-zero emissions for its Scope 1 and Scope 2 emissions by purchasing 158 tonnes CO2e of kelp sequestration carbon removal units from Running Tide, aimed at offsetting the impact of its direct emissions from office natural gas usage. This initiative is part of their broader strategy to address their carbon footprint and enhance sustainability practices. In 2022, Robinhood's total emissions were about 72,585,000 kg CO2e, with Scope 3 emissions again being the largest contributor at approximately 72,164,000 kg CO2e. The company continues to focus on reducing its environmental impact through various initiatives and commitments, reflecting a growing awareness of climate responsibilities within the financial services sector.
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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.
