Capital One

Capital One's reported carbon emissions

## Capital One's Carbon Emissions and Climate Commitments In 2023, Capital One's total global carbon emissions were approximately 529,354,000 kg CO2e. This figure includes Scope 1, Scope 2, and Scope 3 emissions. Scope 3 emissions represented the largest portion, amounting to approximately 518,159,000 kg CO2e, with purchased goods and services being the most significant contributor within this scope, at about 429,310,000 kg CO2e. Scope 1 emissions were approximately 8,610,000 kg CO2e, and Scope 2 emissions, using the market-based approach, were approximately 2,585,000 kg CO2e. Previously, in 2022, Capital One reported total global emissions of approximately 688,828,000 kg CO2e, with Scope 3 emissions at about 679,618,000 kg CO2e. In 2021, total emissions were approximately 627,147,000 kg CO2e, with Scope 3 emissions at approximately 618,011,000 kg CO2e. Capital One has established several climate commitments. Notably, the company aims to reduce its Scope 1 direct emissions by 50% by 2030, using a 2019 baseline. This target is aligned with a well-below 2-degree Celsius scenario. Furthermore, Capital One has committed to achieving carbon neutrality for its Scope 1, 2, and 3 emissions by 2025. The organisation's Scope 1 and 2 GHG emissions target for 2030 has been approved by the Science-Based Targets initiative (SBTi), aiming for a 42% reduction from a 2021 base year. This SBTi target is consistent with the reductions needed to keep global warming to 1.5°C. Capital One also aims to reduce its Scope 3 emissions. Long-term, Capital One seeks to reduce absolute Scope 1, 2, and 3 GHG emissions by 90% by 2050 from a 2019 base year. Capital One's emissions data and reduction targets are reported as being self-reported and not cascaded from a parent organisation.