Synchrony Financial
Synchrony Financial's GHG Emissions Data Preview
In 2023, 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) | 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.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 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 Synchrony Financial’s Greenhouse Gas (GHG) Emissions Data
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Insights into Synchrony Financial's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Synchrony Financial amounted to 17,732 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 Synchrony Financial decreased by 9.8%, 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
- Total Scope 1
- Year-over-Year Change
What are Synchrony Financial's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Synchrony Financial were 126 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 92.8%, reflecting a declining long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2022), Synchrony Financial's Scope 1 emissions decreased by 43.5%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are Synchrony Financial's Scope 2 emissions?
In 2023, Synchrony Financial reported Scope 2 greenhouse gas (GHG) emissions of 17,606 tCO₂e using the market-based method. a
Has Synchrony Financial reduced its Scope 2 emissions over time?
Compared to the previous year (2022), Synchrony Financial's Scope 2 emissions (Market-Based) have remained relatively stable, indicating that Synchrony Financial 's emissions have plateaued with no significant change in its energy consumption footprint. a
What methodology does Synchrony Financial use for Scope 2 reporting?
In 2023, Synchrony Financial reported its Scope 2 emissions using the market-based method. a
Synchrony Financial's Scope 2 Emissions Over Time
- Total Scope 2 Market-Based
- Total Scope 2 (Unspecified Calculation Method)
Insights into Synchrony Financial's Value Chain Emissions
In 2023, Synchrony Financial reported 16,769 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 Synchrony Financial includes a breakdown across 0 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
Synchrony Financial's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Synchrony Financial's Scope 3 emissions?
In 2023, Synchrony Financial reported total Scope 3 emissions of 16,769 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 34.83%, reflecting a rising long-term trend in Scope 3 emissions over time. a b
Compared to the previous year (2022), Synchrony Financial's Scope 3 emissions increased by 128.49%, suggesting that the company faced challenges in reducing emissions across its value chain. a
Insights into Synchrony Financial's Total Carbon Footprint
In 2023, Synchrony Financial reported a total carbon footprint of 34,501 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 27.8% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Synchrony Financial's total carbon footprint was Scope 2 emissions, accounting for 51.03% of the company's total carbon footprint, followed by Scope 3 emissions at 48.6%. a