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 97% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Robinhood's reported carbon emissions
In 2023, Robinhood reported total carbon emissions of approximately 7,725,000 kg CO2e. This figure includes emissions from all three scopes: Scope 1 emissions were about 393,000 kg CO2e, Scope 2 emissions totalled approximately 1,634,000 kg CO2e, and Scope 3 emissions accounted for around 5,651,000 kg CO2e. In 2022, the company recorded total emissions of about 72,585,000 kg CO2e, with Scope 1 emissions at approximately 421,000 kg CO2e, Scope 2 emissions reaching about 1,872,000 kg CO2e, and Scope 3 emissions at around 72,164,000 kg CO2e. The 2021 emissions data indicated a total of approximately 119,284,700 kg CO2e, with Scope 1 emissions of about 157,900 kg CO2e and Scope 2 emissions of approximately 958,400 kg CO2e. Despite these figures, Robinhood has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company operates within a rapidly evolving industry context, where financial services firms are increasingly expected to address their carbon footprints and contribute to climate action.
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Get Started| 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 committed to any reduction initiatives 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.
