Synchrony Sustainability Profile
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.
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 53 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Synchrony's reported carbon emissions
In 2024, Synchrony reported total carbon emissions of approximately 29.1 million kg CO2e, a decrease from about 34.5 million kg CO2e in 2023. The emissions breakdown for 2024 includes Scope 1 emissions of about 168,000 kg CO2e, Scope 2 emissions of approximately 13.8 million kg CO2e, and Scope 3 emissions of around 15.2 million kg CO2e. Over the past few years, Synchrony has demonstrated a commitment to reducing its carbon footprint, with total emissions decreasing from about 34.5 million kg CO2e in 2023 to 29.1 million kg CO2e in 2024. However, there are currently no specific reduction targets or initiatives outlined in their climate commitments. The emissions data is not cascaded from any parent organization, and all figures are reported directly by Synchrony Financial. The company continues to monitor and report its emissions across all scopes, adhering to industry standards for climate reporting.
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| 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 | 00,000,000 |
| Scope 3 | 12,437,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is Synchrony's Industry?
How Carbon Intensive is Synchrony's Location?
Synchrony'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.
Synchrony has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
