Capital One Financial Corporation, commonly known as Capital One, is a leading player in the financial intermediation services sector, excluding insurance and pension funding. Headquartered in the United States, the company has established a significant presence across major operational regions, including the East Coast and the West Coast.
Founded in 1994, Capital One has achieved notable milestones, including its rapid growth into one of the largest banks in the United States. The company is renowned for its innovative credit card offerings, competitive banking services, and advanced digital solutions, which set it apart in a crowded marketplace. With a strong focus on customer experience and technology, Capital One has garnered a reputation for excellence, consistently ranking among the top financial institutions in customer satisfaction and digital banking capabilities.
+22 vs industry average
Capital One’s score of 59 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2026
Reported emissions
Scope 3 accounts for ••• of total emissions.
Capital One's reported carbon emissions
Capital One: Carbon Emissions and Climate Commitments
Capital One, headquartered in the US and operating within financial intermediation services, except insurance and pension funding services (65), has publicly stated its commitment to reducing its environmental impact.
Carbon Emissions Overview:
2023:
- Total Emissions: Approximately 529,354,000 kg CO2e.
- Scope 1: Approximately 8,610,000 kg CO2e.
- Scope 2 (Location-based): Approximately 77,782,000 kg CO2e.
- Scope 3: Approximately 518,159,000 kg CO2e, with purchased goods and services being the largest contributor at approximately 429,310,000 kg CO2e.
2022:
- Total Emissions: Approximately 688,828,000 kg CO2e.
- Scope 1: Approximately 7,296,000 kg CO2e.
- Scope 2 (Location-based): Approximately 83,850,000 kg CO2e.
- Scope 3: Approximately 679,618,000 kg CO2e.
2021:
- Total Emissions: Approximately 627,147,000 kg CO2e.
- Scope 1: Approximately 7,380,000 kg CO2e.
- Scope 2 (Location-based): Approximately 95,911,000 kg CO2e.
- Scope 3: Approximately 618,011,000 kg CO2e.
2020:
- Total Emissions: Approximately 567,019,000 kg CO2e.
- Scope 1: Approximately 7,951,000 kg CO2e.
- Scope 2 (Location-based): Approximately 111,097,000 kg CO2e.
- Scope 3: Approximately 557,455,000 kg CO2e.
2019:
- Total Emissions: Approximately 782,040,000 kg CO2e.
- Scope 1: Approximately 11,726,000 kg CO2e.
- Scope 2 (Location-based): Approximately 155,990,000 kg CO2e.
- Scope 3: Approximately 768,659,000 kg CO2e.
Earlier data for 2017, 2016, 2015, 2014, 2013, and 2012 is also available, though reporting scopes vary. For instance, 2017 reported Scope 1, Scope 2 (location-based and market-based), and specific Scope 3 categories, while 2016 provided Scope 2 (market-based) data.
Climate Reduction Targets and Initiatives:
Capital One has established several climate targets to drive reductions:
- Scope 1 Direct Emissions Reduction: A commitment to reduce Scope 1 direct emissions by 50% by 2030, using a 2019 baseline. This target is considered on track.
- Carbon Neutrality: Capital One has a goal to be carbon neutral for Scope 1 and Scope 2 (market-based) emissions on a year-over-year basis. They have also set a target to achieve carbon neutrality for Scope 1, Scope 2, and Scope 3 emissions by 2025.
- Science-Based Targets initiative (SBTi): Capital One has an SBTi-approved target to reduce Scope 1 and 2 GHG emissions by 43% per gross ton mile by 2030 from a 2019 base year, aligning with a well-below 2-degrees scenario.
- Net Zero Commitment: The company has a long-term target to reduce absolute Scope 1, 2, and 3 GHG emissions by 90% by 2050 from a 2019 base year.
These commitments underscore Capital One's strategy to integrate climate considerations into its operations and business practices. The company's emissions data is not cascaded from a parent organisation, as it is the ultimate parent organisation for its reporting.
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Capital One’s Climate Goals (2030 & 2050)
6 goals2050
CN's target seeks to reduce absolute Scope 1, 2, and 3 GHG e…
CN's target seeks to reduce absolute Scope 1, 2, and 3 GHG emissions by 90% by 2050 from a 2019 base year.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 6 climate goals
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Scope 3 top emissions categories
6 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Capital One
Frequently asked questions
Common questions about Capital One’s sustainability data and climate commitments
Data year: 2023
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