Snap Sustainability Profile
Snap Inc., commonly known as Snap, is a leading technology company headquartered in the United States, with significant operations across North America and Europe. Founded in 2011, Snap has revolutionised the social media landscape with its flagship product, Snapchat, a multimedia messaging app that allows users to share ephemeral content. The company has achieved notable milestones, including the introduction of augmented reality features and innovative advertising solutions that set it apart in the competitive social media industry. Snap's unique offerings, such as Snap Map and Spectacles, enhance user engagement and provide brands with creative marketing opportunities. With a strong market position, Snap continues to attract millions of active users, making it a key player in the digital communication and advertising sectors.
DitchCarbon Score
How does Snap'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 Computer Services 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
Snap's score of 67 is higher than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Snap's reported carbon emissions
In 2023, Snap Inc. reported total carbon emissions of approximately 249.8 million kg CO2e. This figure includes 9.8 million kg CO2e from Scope 1 emissions, 961,000 kg CO2e from Scope 2 emissions, and a significant 239 million kg CO2e from Scope 3 emissions. The Scope 3 emissions breakdown reveals major contributions from purchased goods and services (about 101.3 million kg CO2e), business travel (approximately 20.1 million kg CO2e), and the use of sold products (around 52.7 million kg CO2e). Snap Inc. has set ambitious climate commitments, aiming for net negative emissions by 2030, which entails removing more carbon from the environment than it emits each year. Additionally, the company is targeting a 25% reduction in absolute Scope 1 and 2 GHG emissions by 2025, using 2019 as the base year. For Scope 3 emissions, Snap aims to reduce emissions from purchased goods and services, business travel, and the use of sold products by 35% per unit of value added by 2025. These targets align with the Science Based Targets initiative (SBTi) and reflect Snap's commitment to addressing climate change through measurable and actionable goals. The company is also a signatory of the Amazon Climate Pledge, further demonstrating its dedication to sustainability and environmental responsibility.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 4,656,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 4,284,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 124,727,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Snap's Industry?
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Snap's Scope 3 Categories Breakdown
Snap's Scope 3 emissions, which decreased by 11% last year and increased by approximately 92% since 2019, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 42% of Scope 3 emissions.
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Snap's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Snap has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Snap's sustainability data and climate commitments