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Synchrony Bank
Synchrony Bank, officially known as Synchrony Financial, is a leading provider of consumer financial services headquartered in the United States. Established in 2003, the bank has rapidly evolved, becoming a key player in the financial services industry, particularly in the areas of retail banking and consumer credit. With a strong presence across the US, Synchrony Bank offers a range of unique products, including high-yield savings accounts, certificates of deposit, and specialised financing solutions for major retailers. Its innovative approach to consumer financing has positioned it as a trusted partner for both customers and businesses alike. Notable achievements include its extensive partnerships with well-known brands, enhancing its market position as a go-to provider for retail credit solutions. Synchrony Bank continues to focus on delivering exceptional value and service to its clients, solidifying its reputation in the competitive financial landscape.
DitchCarbon Score
How does Synchrony Bank'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 Bank's score of 41 is higher than 65% 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 Bank, headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures in the latest available data. The bank's climate commitments and reduction initiatives are inherited from its parent company, Synchrony Financial, which operates at a cascade level of 1. While there are no documented reduction targets or specific climate pledges from Synchrony Bank itself, it is important to note that the broader corporate family may have initiatives in place. However, details regarding these initiatives, such as Science-Based Targets Initiative (SBTi) commitments or specific reduction targets, are not provided in the available data. As a current subsidiary of Synchrony Financial, Synchrony Bank's climate strategy may align with the overarching goals of its parent company, but specific metrics and commitments at the bank level remain unspecified.
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Access structured emissions data, company-specific emission factors, and source documents
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| 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
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 Bank 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.
