In 2024, Capital One Financial disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
Capital One Financial disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
| Metric (GJ) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Energy Consumption | 853,250a | 875,941a | 908,683a | |
Non-Renewable Energy Consumption | 0a | 0a | 0a | |
Renewable Energy Consumption | 853,250a | 875,941a | 908,683a |
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In 2024, Capital One Financial consumed a total of 853,250.4 Gigajoules of energy across its operations. Of this total, 100% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 0% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.a
In 2024, Capital One Financial consumed a total of 853,250.4 Gigajoules of energy, of which 100% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.a
This high level of renewable energy use suggests that Capital One Financial has taken strong steps toward decarbonizing its energy supply and reducing its dependence on fossil fuels.
Since 2019, Capital One Financial's total energy consumption decreased by 45.21%, including a further 2.59% drop in 2024, highlighting a continued decline in energy use.a
Over the same period, the share of renewable energy in Capital One Financial's mix has remained stable both in the long term and in 2024, indicating consistency in renewable sourcing with limited change.a
Overall, Capital One Financial’s energy trends reveal a complex picture, with variations in total consumption and renewable sourcing. A closer examination of operational drivers and sourcing strategies is needed to fully assess the company’s environmental impact.