Synchrony
Synchrony Financial, commonly known as Synchrony, is a leading provider of consumer financial services headquartered in Stamford, Connecticut. Founded in 2003, the company has established a strong presence across the United States, offering innovative financing solutions tailored to various industries, including retail, healthcare, and automotive. Specialising in private label credit cards, promotional financing, and loyalty programmes, Synchrony distinguishes itself through its customer-centric approach and advanced digital capabilities. The company has achieved significant milestones, including partnerships with major retailers and a robust digital platform that enhances the consumer experience. With a strong market position, Synchrony is recognised for its commitment to responsible lending and financial inclusion, making it a trusted partner for millions of consumers and businesses alike.
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.
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
Synchrony's score of 43 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Synchrony's reported carbon emissions
In 2023, Synchrony reported total carbon emissions of approximately 34.5 million tonnes CO2e, with Scope 1 emissions at about 126,000 tonnes, Scope 2 emissions at around 17.6 million tonnes, and Scope 3 emissions reaching approximately 16.8 million tonnes. This marked an increase from 2022, where total emissions were about 27 million tonnes CO2e. Over the years, Synchrony has shown fluctuations in its emissions profile. In 2022, the company recorded total emissions of approximately 27 million tonnes CO2e, with Scope 1 at about 223,000 tonnes, Scope 2 at around 17.6 million tonnes, and Scope 3 at approximately 7.3 million tonnes. The trend indicates a need for enhanced climate strategies to manage and reduce emissions effectively. Synchrony has not publicly committed to specific reduction targets under frameworks such as the Science Based Targets initiative (SBTi) or the Carbon Disclosure Project (CDP). Their current emissions data highlights the importance of addressing both direct (Scope 1 and 2) and indirect (Scope 3) emissions to align with global climate goals. As the company continues to navigate its climate commitments, it remains crucial for Synchrony to establish clear reduction targets and strategies to mitigate its carbon footprint in the coming years.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,751,000 | 0,000,000 | 0,000,000 | 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 | 000 |
| Scope 3 | 12,437,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 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.
Synchrony is committed to some 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.
