Capital One Financial Corp
Capital One Financial's GHG Emissions Data Preview
In 2023, Capital One Financial 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).
Capital One Financial has also provided a category-level breakdown for 6 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.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Unspecified Calculation Method | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 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.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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Verified Sources Behind Capital One Financial’s Greenhouse Gas (GHG) Emissions Data
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Insights into Capital One Financial's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Capital One Financial amounted to 86,392 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 Capital One Financial decreased by 5.22%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
Capital One Financial's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Capital One Financial's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Capital One Financial were 8,610 metric tons of CO₂ equivalent (tCO₂e). a
Has Capital One Financial reduced its Scope 1 emissions over time?
Since 2018, Capital One Financial's Scope 1 emissions have decreased by 12.28%, reflecting a declining long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2022), Capital One Financial's Scope 1 emissions increased by 18.01%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Capital One Financial's Scope 2 emissions?
In 2023, Capital One Financial reported Scope 2 greenhouse gas (GHG) emissions of 2,585 tCO₂e using the market-based method and 77,782 tCO₂e using the location-based method. a
Has Capital One Financial reduced its Scope 2 emissions over time?
Compared to the previous year (2022), Capital One Financial's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Capital One Financial 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Capital One Financial use for Scope 2 reporting?
In 2023, Capital One Financial reported its Scope 2 emissions using the market-based method and using the location-based method. a
Capital One Financial's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into Capital One Financial's Value Chain Emissions
In 2023, Capital One Financial reported 518,159 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 Capital One Financial includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
Capital One Financial's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Capital One Financial's Scope 3 emissions?
In 2023, Capital One Financial reported total Scope 3 emissions of 518,159 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 99% of these emissions originated from upstream activities such as purchased goods and capital goods, while 1% came from downstream activities like product use, distribution, and end-of-life treatment. a
Has Capital One Financial reduced its Scope 3 emissions over time?
Since 2018, Capital One Financial's Scope 3 emissions have increased by 72.09%, reflecting a rising long-term trend in Scope 3 emissions over time. a b
Compared to the previous year (2022), Capital One Financial's Scope 3 emissions decreased by 23.76%, highlighting the company's efforts to lower indirect emissions from its value chain. a
What categories of Scope 3 emissions does Capital One Financial disclose?
In 2023, Capital One Financial reported emissions for 6 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Capital One Financial's Scope 3 emissions?
In 2023, the largest contributors to Capital One Financial's Scope 3 emissions were: a
- Purchased Goods and Services (Cat. 1): 429,310 tCO₂e (82.85%)
- Upstream Transportation and Distribution (Cat. 4): 37,426 tCO₂e (7.22%)
- Employee Commuting (Cat. 7): 21,037 tCO₂e (4.06%)
Capital One Financial's Scope 3 Emissions by Categories
Insights into Capital One Financial's Total Carbon Footprint
In 2023, Capital One Financial reported a total carbon footprint of 604,551 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 21.56% decrease compared to 2022, indicating progress in reducing its overall greenhouse gas output. a
The largest contributor to Capital One Financial's total carbon footprint was Scope 3 emissions, accounting for 85.71% of the company's total carbon footprint, followed by Scope 2 emissions at 12.87%. a