In 2024, Paypal Holdings 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).
Paypal Holdings 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) | 2024 | 2023 | 2022 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 2,100a | 3,500a | 3,900a | |
Total Scope 2 | ||||
Market-Based | 8,800a | 9,800a | 6,700a | |
Location-Based | 79,000a | 86,800a | 101,400a | |
Total Scope 3 | 478,400a | 502,000a | 507,000a | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.066a | 0.1176a | 0.1417a |
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In 2024, the total operational greenhouse gas (GHG) emissions of Paypal Holdings amounted to 81,100 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 2023, the total operational greenhouse gas (GHG) emissions of Paypal Holdings decreased by 10.19%, showing that the company has made progress in taking action to reduce the climate impact of its operations.a
In 2024, the total Scope 1 emissions of Paypal Holdings were 2,100 metric tons of CO₂ equivalent (tCO₂e).a
Since 2019, Paypal Holdings's Scope 1 emissions have decreased by 67.69%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year (2023), Paypal Holdings's Scope 1 emissions decreased by 40%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.a
In 2024, Paypal Holdings reported Scope 2 greenhouse gas (GHG) emissions of 8,800 tCO₂e using the market-based method and 79,000 tCO₂e using the location-based method.a
Compared to the previous year (2023), Paypal Holdings's Scope 2 emissions (Location-Based) have remained relatively stable, indicating that Paypal Holdings's emissions have plateaued with no significant change in its energy consumption footprint.a
In 2024, Paypal Holdings reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, Paypal Holdings reported 478,400 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 2024 disclosure of Paypal Holdings includes a breakdown across 6 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year.a
In 2024, Paypal Holdings reported total Scope 3 emissions of 478,400 metric tons of CO₂ equivalent (tCO₂e).a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.a
Since 2019, Paypal Holdings's Scope 3 emissions have increased by 702.68%, reflecting a rising long-term trend in Scope 3 emissions over time.ac
Compared to the previous year (2023), Paypal Holdings's Scope 3 emissions remained relatively stable, indicating that Paypal Holdings's emissions have plateaued with no significant change in its value chain footprint.a
In 2024, Paypal Holdings 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.
In 2024, the largest contributors to Paypal Holdings's Scope 3 emissions were:a
In 2024, Paypal Holdings reported Scope 1 greenhouse gas (GHG) emissions of 2,100 tCO₂e and total revenues of USD 31,818 millions. This translates into an emissions intensity of 0.07 tCO₂e per millions USD.a
In 2024, Paypal Holdings reported a Scope 1 emissions intensity of 0.07 tCO₂e per millions USD. Compared to the peer group median of 0.23, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, Paypal Holdings ranked 4 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places Paypal Holdings among the top performers, with one of the lowest emissions intensities relative to peers.a
In 2024, Paypal Holdings reported a total carbon footprint of 559,500 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 5.54% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output.a
The largest contributor to Paypal Holdings's total carbon footprint was Scope 3 emissions, accounting for 85.5% of the company's total carbon footprint, followed by Scope 2 emissions at 14.12%.a