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 58 is higher than 77% 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, with Scope 1 emissions at about 232,000 kg CO2e, Scope 2 emissions at approximately 1,629,000 kg CO2e (location-based), and a significant contribution from Scope 3 emissions, which totalled around 63,352,000 kg CO2e. The major components of Scope 3 emissions include purchased goods and services (about 54,394,000 kg CO2e) and business travel (approximately 5,701,000 kg CO2e). In 2023, Robinhood's emissions were slightly lower, totalling about 62,935,000 kg CO2e, with Scope 1 emissions at approximately 63,935,000 kg CO2e and Scope 3 emissions at around 62,541,000 kg CO2e. The company has shown a trend of high Scope 3 emissions, which are often the most challenging to manage. Robinhood has set near-term climate commitments to offset its direct emissions from office natural gas usage. The company plans to purchase 158 tonnes CO2e of kelp sequestration carbon removal units from Running Tide, targeting both Scope 1 and Scope 2 emissions. This initiative is part of their broader strategy to achieve net-zero emissions, although specific long-term reduction targets have not been disclosed. Overall, Robinhood's emissions data reflects a significant reliance on Scope 3 emissions, highlighting the importance of addressing supply chain impacts in their climate strategy. The company is actively working towards reducing its carbon footprint through innovative carbon removal solutions.
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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 |
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.
