Synchrony Financial

Country
United States
Sector
Financial Services
Industry
Credit Services
Employees
20,000
Ticker
SYF
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Synchrony Financial is a consumer financial services company primarily focused on providing private-label credit cards. It serves as a key partner to a variety of retailers, manufacturers, and healthc...
GHG Emissions Climate Targets EU Taxonomy Energy Waste Management

Synchrony Financial's GHG Emissions Data Preview

In 2024, Synchrony 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).

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

Metric (tCO2e)2024202320222021 - 2017
Total Scope 1
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0000000
Total Scope 2
Market-Based
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Location-Based
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Unspecified Calculation Method
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0000000
Total Scope 3
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0000000
Total Scope 1 Revenue Intensity (tCO2e/$M)
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Verified Sources Behind Synchrony Financial’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 Synchrony Financial’s data sources below and access millions more through our Disclosure Search.

a. Synchrony Financial's TCFD Report 2024
a. Synchrony Financial's TCFD Report 2024
b. Synchrony Financial's ESG Report 2020
b. Synchrony Financial's ESG Report 2020

Insights into Synchrony Financial's Operational Emissions

In 2024, the total operational greenhouse gas (GHG) emissions of Synchrony Financial amounted to 13,949 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 Synchrony Financial decreased by 21.33%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a

Synchrony Financial's Scope 1 Emissions Over Time

201820192020202120222023202405001 k1.5 k2 ktCO2e+13%-10%-86%-13%-43%+33%
  • Total Scope 1
  • Year-over-Year Change

What are Synchrony Financial's Scope 1 emissions?

In 2024, the total Scope 1 emissions of Synchrony Financial were 168 metric tons of CO₂ equivalent (tCO₂e). a

Has Synchrony Financial reduced its Scope 1 emissions over time?

Since 2018, Synchrony Financial's Scope 1 emissions have decreased by 90.41%, reflecting a declining long-term trend in Scope 1 emissions over time. a b

Compared to the previous year (2023), Synchrony Financial's Scope 1 emissions increased by 33.33%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a

What are Synchrony Financial's Scope 2 emissions?

In 2024, Synchrony Financial reported Scope 2 greenhouse gas (GHG) emissions of 13,781 tCO₂e using the market-based method. a

Has Synchrony Financial reduced its Scope 2 emissions over time?

Compared to the previous year (2023), Synchrony Financial's Scope 2 emissions (Market-Based) fell by 21.73% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a

What methodology does Synchrony Financial use for Scope 2 reporting?

In 2024, Synchrony Financial reported its Scope 2 emissions using the market-based method. a

Synchrony Financial's Scope 2 Emissions Over Time

201820192020202120222023202406.5 k13 k19.5 k26 ktCO2e
  • Total Scope 2 Market-Based
  • Total Scope 2 (Unspecified Calculation Method)

Insights into Synchrony Financial's Value Chain Emissions

In 2024, Synchrony Financial reported 15,188 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 Synchrony Financial includes a breakdown across 0 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

Synchrony Financial's Scope 3 Emissions Over Time

201820192020202120222023202405 k10 k15 k20 ktCO2e+54%-68%-39%+94%+128%-9%
  • Total Scope 3
  • Year-over-Year Change

What are Synchrony Financial's Scope 3 emissions?

In 2024, Synchrony Financial reported total Scope 3 emissions of 15,188 metric tons of CO₂ equivalent (tCO₂e). a

Has Synchrony Financial reduced its Scope 3 emissions over time?

Since 2018, Synchrony Financial's Scope 3 emissions have increased by 22.12%, reflecting a rising long-term trend in Scope 3 emissions over time. a b

Compared to the previous year (2023), Synchrony Financial's Scope 3 emissions remained relatively stable, indicating that Synchrony Financial 's emissions have plateaued with no significant change in its value chain footprint. a

Insights into Synchrony Financial’s GHG Emissions Intensity Compared to Industry Peers

In 2024, Synchrony Financial reported Scope 1 greenhouse gas (GHG) emissions of 168 tCO₂e and total revenues of USD 16,154 millions. This translates into an emissions intensity of 0.01 tCO₂e per millions USD. a

Synchrony Financial's Scope 1 Emissions Intensity Compared to Peers

505002,00010,000100,000Scope 1 Emissions (tCO2e)5002,00010,00050,000200,000Revenues (Millions of USD)TAmerican ExpressYear: 2023Scope 1: 28,952 tCO2eRevenue: $M 60,367Scope 1 Intensity: 0.48 tCO2e/$MSoFi TechnologiesYear: 2024Scope 1: 293 tCO2eRevenue: $M 2,613Scope 1 Intensity: 0.11 tCO2e/$MInvescoYear: 2024Scope 1: 585 tCO2eRevenue: $M 6,068Scope 1 Intensity: 0.10 tCO2e/$MHuntington BancsharesYear: 2023Scope 1: 16,331 tCO2eRevenue: $M 7,360Scope 1 Intensity: 2.22 tCO2e/$MSLMYear: 2023Scope 1: 157 tCO2eRevenue: $M 1,809Scope 1 Intensity: 0.09 tCO2e/$MBread Financial HoldingsYear: 2024Scope 1: 933 tCO2eRevenue: $M 3,838Scope 1 Intensity: 0.24 tCO2e/$MCapital One FinancialYear: 2023Scope 1: 8,610 tCO2eRevenue: $M 36,779Scope 1 Intensity: 0.23 tCO2e/$MTTTPGYear: 2023Scope 1: 287 tCO2eRevenue: $M 1,817Scope 1 Intensity: 0.16 tCO2e/$MKeyCorpYear: 2024Scope 1: 9,236 tCO2eRevenue: $M 4,393Scope 1 Intensity: 2.10 tCO2e/$MComericaYear: 2024Scope 1: 5,391 tCO2eRevenue: $M 3,244Scope 1 Intensity: 1.66 tCO2e/$MAlly FinancialYear: 2022Scope 1: 5,494 tCO2eRevenue: $M 9,240Scope 1 Intensity: 0.59 tCO2e/$MPayPal HoldingsYear: 2024Scope 1: 2,100 tCO2eRevenue: $M 31,818Scope 1 Intensity: 0.07 tCO2e/$MCitizens Financial GroupYear: 2024Scope 1: 9,552 tCO2eRevenue: $M 7,794Scope 1 Intensity: 1.23 tCO2e/$MGlobe LifeYear: 2024Scope 1: 1,459 tCO2eRevenue: $M 5,778Scope 1 Intensity: 0.25 tCO2e/$MJackson FinancialYear: 2024Scope 1: 3,835 tCO2eRevenue: $M 3,092Scope 1 Intensity: 1.24 tCO2e/$MVisaYear: 2023Scope 1: 10,300 tCO2eRevenue: $M 32,657Scope 1 Intensity: 0.32 tCO2e/$MNorthern TrustYear: 2021Scope 1: 1,797 tCO2eRevenue: $M 6,464Scope 1 Intensity: 0.28 tCO2e/$MMastercardYear: 2024Scope 1: 2,962 tCO2eRevenue: $M 28,156Scope 1 Intensity: 0.11 tCO2e/$MRegions FinancialYear: 2024Scope 1: 6,004 tCO2eRevenue: $M 7,083Scope 1 Intensity: 0.85 tCO2e/$MWestern UnionYear: 2023Scope 1: 4,132 tCO2eRevenue: $M 4,357Scope 1 Intensity: 0.95 tCO2e/$MState StreetYear: 2024Scope 1: 4,813 tCO2eRevenue: $M 12,917Scope 1 Intensity: 0.37 tCO2e/$MPNC Financial Services GroupYear: 2022Scope 1: 32,100 tCO2eRevenue: $M 21,114Scope 1 Intensity: 1.52 tCO2e/$MAmerican International GroupYear: 2024Scope 1: 8,258 tCO2eRevenue: $M 27,272Scope 1 Intensity: 0.30 tCO2e/$MSynchrony FinancialYear: 2024Scope 1: 168 tCO2eRevenue: $M 16,154Scope 1 Intensity: 0.01 tCO2e/$M

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

In 2024, Synchrony Financial reported a Scope 1 emissions intensity of 0.01 tCO₂e per millions USD. Compared to the peer group median of 0.32 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a

Where does Synchrony Financial rank on GHG emissions intensity within its industry?

In 2024, Synchrony Financial ranked 1 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a

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

Insights into Synchrony Financial's Total Carbon Footprint

In 2024, Synchrony Financial reported a total carbon footprint of 29,137 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 15.55% decrease compared to 2023, indicating progress in reducing its overall greenhouse gas output. a

The largest contributor to Synchrony Financial's total carbon footprint was Scope 3 emissions, accounting for 52.13% of the company's total carbon footprint, followed by Scope 2 emissions at 47.3%. a

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