Block Inc
Block's GHG Emissions Data Preview
In 2023, Block completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Block has also provided a category-level breakdown for 10 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 2 | ||||
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
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aVerified Sources Behind Block’s Greenhouse Gas (GHG) Emissions Data
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Insights into Block's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Block amounted to 3,419.088 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of Block decreased by 54.69%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b
Block's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Block's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Block were 854.772 metric tons of CO₂ equivalent (tCO₂e). a
Has Block reduced its Scope 1 emissions over time?
Since 2021, Block's Scope 1 emissions have decreased by 72.34%, reflecting a declining long-term trend in Scope 1 emissions over time. a c
Compared to the previous year (2022), Block's Scope 1 emissions decreased by 77.35%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a b
What are Block's Scope 2 emissions?
In 2023, Block reported Scope 2 greenhouse gas (GHG) emissions of 2,564.316 tCO₂e without specifying the calculation method. a
Has Block reduced its Scope 2 emissions over time?
Since 2021, Block's Scope 2 greenhouse gas (GHG) emissions ( Unspecified Calculation Method) have decreased by 79.26%, reflecting a declining long-term trend in Scope 2 emissions over time. a c
Compared to the previous year (2022), Block's Scope 2 emissions (Unspecified Calculation Method) fell by 32.04% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a b
What methodology does Block use for Scope 2 reporting?
In 2023, Block reported its Scope 2 emissions using an unspecified methodology. a
Block's Scope 2 Emissions Over Time
- Total Scope 2 (Unspecified Calculation Method)
Insights into Block's Value Chain Emissions
In 2023, Block reported 280,365.216 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2023 disclosure of Block includes a breakdown across 10 of the 15 Scope 3 categories defined by the GHG Protocol, up from 5 in 2022, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
Block's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Block's Scope 3 emissions?
In 2023, Block reported total Scope 3 emissions of 280,365.216 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 99.49% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0.51% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Block reduced its Scope 3 emissions over time?
Since 2021, Block's Scope 3 emissions have increased by 97.2%, reflecting a rising long-term trend in Scope 3 emissions over time. a c
Compared to the previous year (2022), Block's Scope 3 emissions remained relatively stable, indicating that Block 's emissions have plateaued with no significant change in its value chain footprint. a b
What categories of Scope 3 emissions does Block disclose?
In 2023, Block reported emissions for 10 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This reflects a high level of granularity and transparency in the company's emissions reporting.
What are the main sources of Block's Scope 3 emissions?
In 2023, the largest contributors to Block's Scope 3 emissions were: a
- Purchased Goods and Services (Cat. 1): 213,693 tCO₂e (76.22%)
- Business Travel (Cat. 6): 34,190.88 tCO₂e (12.2%)
- Upstream Transportation and Distribution (Cat. 4): 14,246.2 tCO₂e (5.08%)
Block's Scope 3 Emissions by Categories
Insights into Block’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Block reported Scope 1 greenhouse gas (GHG) emissions of 854.772 tCO₂e and total revenues of USD 21,917 millions. This translates into an emissions intensity of 0.04 tCO₂e per millions USD. a
Block's Scope 1 Emissions Intensity Compared to Peers
How does Block's GHG emissions intensity compare to its peers?
In 2023, Block reported a Scope 1 emissions intensity of 0.04 tCO₂e per millions USD. Compared to the peer group median of 0.24 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Block rank on GHG emissions intensity within its industry?
In 2023, Block ranked 3 out of 22 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places Block among the top performers, with one of the lowest emissions intensities relative to peers. a
Insights into Block's Total Carbon Footprint
In 2023, Block reported a total carbon footprint of 283,784.304 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3.57% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a b
The largest contributor to Block's total carbon footprint was Scope 3 emissions, accounting for 98.8% of the company's total carbon footprint, followed by Scope 2 emissions at 0.9%. a