Sallie Mae
Sallie Mae, officially known as SLM Corporation, is a prominent financial services company headquartered in the United States. Founded in 1972, it has established itself as a leader in the student loan industry, primarily focusing on education financing solutions. With a strong presence across the nation, Sallie Mae offers a range of products, including private student loans, college savings plans, and loan management services. What sets Sallie Mae apart is its commitment to helping students and families navigate the complexities of funding higher education. The company has achieved significant milestones, including the introduction of innovative repayment options and educational resources. As a trusted name in student finance, Sallie Mae continues to empower millions of borrowers, solidifying its position as a key player in the education financing sector.
DitchCarbon Score
How does Sallie Mae'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
Sallie Mae's score of 33 is higher than 82% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Sallie Mae's reported carbon emissions
In 2023, Sallie Mae reported total carbon emissions of approximately 1,134,000 kg CO2e, comprising about 157,000 kg CO2e from Scope 1 and about 977,000 kg CO2e from Scope 2 emissions. This represents a slight decrease from 2022, where emissions were about 1,174,000 kg CO2e, with Scope 1 emissions at approximately 162,000 kg CO2e and Scope 2 emissions at about 1,112,000 kg CO2e. Sallie Mae has not disclosed any specific reduction targets or initiatives related to their carbon emissions. The absence of Scope 3 emissions data indicates a potential area for future reporting and improvement. As a financial services company headquartered in the US, Sallie Mae's climate commitments may align with broader industry trends towards sustainability, but specific commitments or pledges have not been detailed in the available information.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 162,000 | 000,000 |
| Scope 2 | 1,112,000 | 000,000 |
| Scope 3 | - | - |
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.
Sallie Mae 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.
