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Public Profile
Financial Intermediation
US
updated 10 days ago

Synchrony

Company website

Synchrony Financial, commonly known as Synchrony, is a leading provider of consumer financial services headquartered in the United States. Founded in 2003, the company has established a strong presence across various operational regions, focusing primarily on retail finance, payment solutions, and consumer banking. Specialising in private label credit cards, promotional financing, and loyalty programmes, Synchrony distinguishes itself through innovative technology and strategic partnerships with major retailers. The company has achieved significant milestones, including its initial public offering in 2014, which solidified its position in the financial services industry. With a commitment to enhancing customer experiences, Synchrony has garnered recognition for its robust digital capabilities and customer-centric approach, making it a key player in the consumer finance sector.

DitchCarbon Score

How does Synchrony'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.

40

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.

27

Industry Benchmark

Synchrony's score of 40 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.

65%

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Synchrony's reported carbon emissions

In 2023, Synchrony reported total carbon emissions of approximately 34,501,000 kg CO2e. This figure includes 126,000 kg CO2e from Scope 1 emissions, 17,606,000 kg CO2e from Scope 2 emissions, and 16,769,000 kg CO2e from Scope 3 emissions. This represents an increase from 2022, when total emissions were about 26,997,000 kg CO2e, with Scope 1 at 223,000 kg CO2e, Scope 2 at 19,435,000 kg CO2e, and Scope 3 at 7,339,000 kg CO2e. Over the past few years, Synchrony has demonstrated a commitment to reducing its carbon footprint. In 2021, total emissions were reported at approximately 21,716,000 kg CO2e, indicating a significant reduction from 2020's total of about 26,587,000 kg CO2e. However, the overall trend from 2021 to 2023 shows an increase in emissions, highlighting the need for ongoing efforts in sustainability. Synchrony has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. The company’s emissions data is not cascaded from a parent organisation, indicating that all reported figures are directly from Synchrony Financial. As a financial services provider headquartered in the US, Synchrony is positioned within an industry that is increasingly scrutinised for its environmental impact, making its climate commitments and emissions management critical for its reputation and operational sustainability.

Unlock detailed emissions data

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201820192020202120222023
Scope 1
1,751,000
0,000,000
0,000,000
000,000
000,000
000,000
Scope 2
25,736,000
00,000,000
00,000,000
00,000,000
00,000,000
00,000,000
Scope 3
12,437,000
00,000,000
0,000,000
0,000,000
0,000,000
00,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Synchrony's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Synchrony is in US, which has a low grid carbon intensity relative to other regions.

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.

Synchrony 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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