SLM Corp

Common Name
SLM
Country
United States
Sector
Financial Services
Industry
Credit Services
Employees
1,710
Ticker
SLM
Exchange
NASDAQ/NGS
Description
SLM Corporation, commonly known as Sallie Mae, is a major provider in the financial sector, focusing specifically on education finance. The primary function of SLM Corporation is to originate, service...
GHG Emissions Climate Targets EU Taxonomy Energy Waste Management

SLM's GHG Emissions Data Preview

In 2023, SLM 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) and Scope 2 (indirect emissions from purchased energy).

However, SLM has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.

Metric (tCO2e)2023202220212020 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind SLM’s Greenhouse Gas (GHG) Emissions Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore SLM’s data sources below and access millions more through our Disclosure Search.

a. SLM's ESG Report 2023
a. SLM's ESG Report 2023
b. SLM's ESG Report 2022
b. SLM's ESG Report 2022

Insights into SLM's Operational Emissions

In 2023, the total operational greenhouse gas (GHG) emissions of SLM amounted to 1,134 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 SLM decreased by 67.86%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b

SLM's Scope 1 Emissions Over Time

20222023075150225300tCO2e-47%
  • Total Scope 1
  • Year-over-Year Change

What are SLM's Scope 1 emissions?

In 2023, the total Scope 1 emissions of SLM were 157 metric tons of CO₂ equivalent (tCO₂e). a

Compared to the previous year (2022), SLM's Scope 1 emissions decreased by 47.32%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a b

What are SLM's Scope 2 emissions?

In 2023, SLM reported Scope 2 greenhouse gas (GHG) emissions of 977 tCO₂e using the market-based method. a

Has SLM reduced its Scope 2 emissions over time?

Compared to the previous year (2022), SLM's Scope 2 emissions (Market-Based) fell by 69.75% 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 SLM use for Scope 2 reporting?

In 2023, SLM reported its Scope 2 emissions using the market-based method. a

SLM's Scope 2 Emissions Over Time

2022202308501.7 k2.55 k3.4 ktCO2e
  • Total Scope 2 Market-Based

Insights into SLM’s GHG Emissions Intensity Compared to Industry Peers

In 2023, SLM reported Scope 1 greenhouse gas (GHG) emissions of 157 tCO₂e and total revenues of USD 1,809 millions. This translates into an emissions intensity of 0.09 tCO₂e per millions USD. a

SLM's Scope 1 Emissions Intensity Compared to Peers

202001,00010,000100,000Scope 1 Emissions (tCO2e)2001,0005,00050,000200,000Revenues (Millions of USD)American ExpressYear: 2023Scope 1: 28,952 tCO2eRevenue: $M 60,367Scope 1 Intensity: 0.48 tCO2e/$MSoFi TechnologiesYear: 2024Scope 1: 293 tCO2eRevenue: $M 2,613Scope 1 Intensity: 0.11 tCO2e/$MAssociated Banc-CorpYear: 2024Scope 1: 3,558 tCO2eRevenue: $M 1,029Scope 1 Intensity: 3.46 tCO2e/$MSEI InvestmentsYear: 2023Scope 1: 117 tCO2eRevenue: $M 1,921Scope 1 Intensity: 0.06 tCO2e/$MBread Financial HoldingsYear: 2024Scope 1: 933 tCO2eRevenue: $M 3,838Scope 1 Intensity: 0.24 tCO2e/$MFirst HorizonYear: 2024Scope 1: 3,710 tCO2eRevenue: $M 3,096Scope 1 Intensity: 1.20 tCO2e/$MSynovus FinancialYear: 2024Scope 1: 3,240 tCO2eRevenue: $M 1,980Scope 1 Intensity: 1.64 tCO2e/$MCapital One FinancialYear: 2023Scope 1: 8,610 tCO2eRevenue: $M 36,779Scope 1 Intensity: 0.23 tCO2e/$MComericaYear: 2024Scope 1: 5,391 tCO2eRevenue: $M 3,244Scope 1 Intensity: 1.66 tCO2e/$MAlly FinancialYear: 2022Scope 1: 5,494 tCO2eRevenue: $M 9,240Scope 1 Intensity: 0.59 tCO2e/$MWintrust FinancialYear: 2024Scope 1: 2,900 tCO2eRevenue: $M 2,451Scope 1 Intensity: 1.18 tCO2e/$MPayPal HoldingsYear: 2024Scope 1: 2,100 tCO2eRevenue: $M 31,818Scope 1 Intensity: 0.07 tCO2e/$MFactset Research SystemsYear: 2023Scope 1: 3,815 tCO2eRevenue: $M 2,085Scope 1 Intensity: 1.83 tCO2e/$MPiper Sandler CompaniesYear: 2023Scope 1: 455 tCO2eRevenue: $M 1,300Scope 1 Intensity: 0.35 tCO2e/$MWebster FinancialYear: 2024Scope 1: 3,846 tCO2eRevenue: $M 2,579Scope 1 Intensity: 1.49 tCO2e/$MVisaYear: 2023Scope 1: 10,300 tCO2eRevenue: $M 32,657Scope 1 Intensity: 0.32 tCO2e/$MZions BancorporationYear: 2023Scope 1: 1,689 tCO2eRevenue: $M 3,115Scope 1 Intensity: 0.54 tCO2e/$MMastercardYear: 2024Scope 1: 2,962 tCO2eRevenue: $M 28,156Scope 1 Intensity: 0.11 tCO2e/$MMorningstarYear: 2024Scope 1: 239 tCO2eRevenue: $M 2,274Scope 1 Intensity: 0.11 tCO2e/$MAres CapitalYear: 2021Scope 1: 47 tCO2eRevenue: $M 1,681Scope 1 Intensity: 0.03 tCO2e/$MWestern UnionYear: 2023Scope 1: 4,132 tCO2eRevenue: $M 4,357Scope 1 Intensity: 0.95 tCO2e/$MSynchrony FinancialYear: 2024Scope 1: 168 tCO2eRevenue: $M 16,154Scope 1 Intensity: 0.01 tCO2e/$MAffiliated Managers GroupYear: 2022Scope 1: 601 tCO2eRevenue: $M 2,329Scope 1 Intensity: 0.26 tCO2e/$MFreedom HoldingYear: 2024Scope 1: 1,541 tCO2eRevenue: $M 1,635Scope 1 Intensity: 0.94 tCO2e/$MSLMYear: 2023Scope 1: 157 tCO2eRevenue: $M 1,809Scope 1 Intensity: 0.09 tCO2e/$M

How does SLM's GHG emissions intensity compare to its peers?

In 2023, SLM reported a Scope 1 emissions intensity of 0.09 tCO₂e per millions USD. Compared to the peer group median of 0.41 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does SLM rank on GHG emissions intensity within its industry?

In 2023, SLM ranked 5 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

This places SLM among the top performers, with one of the lowest emissions intensities relative to peers. a

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