Paypal Sustainability Profile
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 79 is higher than 88% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Paypal's reported carbon emissions
In 2024, PayPal reported total greenhouse gas emissions of approximately 478,100,000 kg CO2e, a decrease from 515,100,000 kg CO2e in 2023. The emissions breakdown for 2024 includes Scope 1 emissions at about 2,100,000 kg CO2e, Scope 2 emissions at approximately 8,800,000 kg CO2e (market-based), and a significant contribution from Scope 3 emissions, which totalled about 485,100,000 kg CO2e. Notably, the largest components of Scope 3 emissions were from purchased goods and services (approximately 399,000,000 kg CO2e) and employee commuting (about 18,000,000 kg CO2e). PayPal has set ambitious climate commitments, aiming to reduce absolute operational greenhouse gas emissions by 25% by 2025, using 2019 as the baseline year. This target applies to both Scope 1 and Scope 2 emissions. Additionally, the company has committed to reducing Scope 3 emissions from fuel and energy-related activities by 25% over the same timeframe. Furthermore, PayPal aims for 75% of its suppliers, by spend, to have science-based targets by 2025. In terms of specific reduction initiatives, PayPal has set a target to reduce Scope 1 emissions by 80% and Scope 2 emissions by 80% from the 2019 baseline by 2025. As of 2024, the company reported an 18% decrease in operational GHG emissions from the previous year, indicating progress towards its goals. Overall, PayPal's climate strategy reflects a commitment to significant emissions reductions and engagement with its supply chain to enhance sustainability efforts.
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| 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 9,445,000 | 0,000,000 | 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 | 0,000,000 |
| Scope 3 | 20,838,000 | - | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Paypal's Industry?
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Paypal's Scope 3 Categories Breakdown
Paypal's Scope 3 emissions, which decreased by 8% last year and increased significantly since 2017, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 82% of Scope 3 emissions.
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Paypal's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Paypal has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
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Frequently Asked Questions
Common questions about Paypal's sustainability data and climate commitments