Capital One
Capital One Financial Corporation, commonly known as Capital One, is a leading financial services company headquartered in the United States. Founded in 1994, it has established itself as a prominent player in the banking industry, particularly in credit cards, auto loans, banking, and savings accounts. With a strong presence across major operational regions, including the East Coast and West Coast, Capital One has consistently innovated its offerings. The company is renowned for its user-friendly digital banking solutions and competitive credit card rewards programmes, which set it apart in a crowded marketplace. Notable achievements include being one of the largest credit card issuers in the US, reflecting its robust market position. Capital One continues to focus on technology-driven financial services, making banking more accessible and efficient for millions of customers.
DitchCarbon Score
How does Capital One'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
Capital One's score of 52 is higher than 72% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Capital One's reported carbon emissions
In 2023, Capital One reported total carbon emissions of approximately 529,354,000 kg CO2e. This figure includes 8,610,000 kg CO2e from Scope 1 emissions, 2,585,000 kg CO2e from Scope 2 (market-based), and a significant 518,159,000 kg CO2e from Scope 3 emissions. Notably, the company has set ambitious targets to reduce its carbon footprint, aiming for a 50% reduction in Scope 1 emissions by 2030 from a 2019 baseline. In previous years, Capital One's emissions were higher, with 688,828,000 kg CO2e in 2022 and 627,147,000 kg CO2e in 2021. The company achieved carbon neutrality for its Scope 1 and 2 emissions by 2019, primarily through renewable energy purchases. Additionally, it has committed to achieving carbon neutrality across all scopes by 2025. Capital One's climate commitments are supported by targets approved by the Science Based Targets initiative (SBTi), which include a 42% reduction in Scope 1 and 2 emissions by 2030 from a 2021 base year. The company is actively measuring and working to reduce its Scope 3 emissions as part of its comprehensive climate strategy.
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| 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | - | 00,000,000 | - | - | - | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 188,365,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 25,992,000 | - | 00,000,000 | 00,000,000 | - | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
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.
Capital One is participating in some 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.
