Paypal
PayPal Holdings, Inc., commonly known as PayPal, is a leading player in the digital payments industry, headquartered in the United States. Founded in 1998, the company has revolutionised online transactions, providing a secure platform for individuals and businesses to send and receive money globally. With a strong presence in North America, Europe, and Asia, PayPal has established itself as a trusted name in e-commerce. The company offers a range of core services, including online payment processing, mobile payments, and peer-to-peer money transfers, distinguished by its user-friendly interface and robust security features. Notable milestones include its acquisition of Braintree and Venmo, further solidifying its market position. PayPal's commitment to innovation and customer satisfaction has earned it a reputation as a pioneer in the fintech sector, making it an essential tool for millions of users worldwide.
DitchCarbon Score
How does Paypal'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
Paypal's score of 41 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Paypal's reported carbon emissions
In 2023, PayPal reported total carbon emissions of approximately 515,100,000 kg CO2e. This figure includes 3,500,000 kg CO2e from Scope 1 emissions, 9,800,000 kg CO2e from Scope 2 emissions, and a significant 502,000,000 kg CO2e from Scope 3 emissions. Notably, the Scope 3 emissions primarily stem from purchased goods and services, which accounted for about 431,000,000 kg CO2e. PayPal has set ambitious climate commitments, aiming to reduce its absolute Scope 1 and 2 greenhouse gas emissions by 25% by 2025, using 2019 as the baseline year. Additionally, the company targets a 25% reduction in Scope 3 emissions related to fuel and energy-related activities over the same timeframe. Furthermore, PayPal is committed to ensuring that 75% of its suppliers, by spend, will have science-based targets by 2025. These initiatives align with industry standards and reflect PayPal's dedication to addressing climate change and reducing its carbon footprint.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|
| Scope 1 | 9,445,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 63,188,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 20,838,000 | 00,000,000 | 00,000,000 | 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.
Paypal is committed to some reduction initiatives 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.
