Capital One Financial

"Capital One Financial's net zero target is set for 2030. Net Zero Tracker
The target covers carbon dioxide emissions, including scope 1 and 2 emissions, and partially covers scope 3 emissions. Net Zero Tracker
The company aims to reduce Scope 1 Direct Emissions by 50%, continue to purchase 100% renewable energy while increasing location-aligned procurement by 50%, and reduce Scope 3 Emissions (Categories 1-14) by 50%. Net Zero Tracker
An interesting fact about their environmental policy is that Capital One has established an internal price on carbon starting at $15.00 per metric ton of CO2e. Net Zero Tracker
In addition, …"

Current Score (vs. LY)

52.7 pts (-11.7)

Last Update: Dec. 12, 2023

Current Rankings

Global: #61

S&P100: #42

Financials: #8

66.7%

Transparency

Quality of climate reporting based on public disclosures, completeness and verification of GHG emissions

31.8%

Commitments

Level of ambition through gross absolute emissions reduction and 'net zero' targets

66.7%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 6,6087,1999,495
Scope 2 - location-based 95,911111,097146,671
Scope 2 - market-based 1,7561,613135
Scope 1-2 - location-based 102,519118,296156,166
Scope 1-2 - market-based 8,364 8,812 9,630
Scope 3 223,852222,792390,975
Total - location-based 326,371341,088547,141
Total - market-based 232,216 231,604 392,449

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 277,599232,216
Methodology Previous year intensity (revenue)As reported

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

Note: Targets without baseline are ignored. In case several targets exist, only the shorter-term target is displayed.


Value Chain (scope 3) Emissions by Category

Emissions Trajectory (Full Scopes)



Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Sector Benchmark

Note: Latest GHG and revenue data (based on tradingview.com) are used to calculate GHG emissions intensity by sector. The color scale of each bubble depends on the GHG intensity (GHG emissions per 1 million USD revenue). Sectors follow the Global Industry Classification Standard (GICS) that organize companies based on their primary business activities. The 11 sectors are : Information Technology, Health Care, Financials, Consumer Discretionary, Communication Services, Industrials, Consumer Staples, Energy, Utilities, Real Estate, and Materials.

Capital One Financial belongs to the sector Financials.

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Reduction and Net Zero Targets

>Note: intensity targets are not represented in the current version - see Methodology

Gross Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1 50.0 2020 2030
S3 50.0 2020 2030 Note that all the scope 3 emissions categories are not fully covered
S2 50.0 2020 2030
S1S2S3LOC 50.0 2020 2030
S1S2LOC 50.0 2020 2030

Net Absolute Emission Reductions

There is no absolute emission reduction recorded in our database. Email us to report missing information Email


Net Zero Future Commitments

There is no net zero target recorded in our database. Email us to report missing information Email


Science-based Targets (SBTI)

There is no Science-Based target recorded in our database. Email us to report missing information Email

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

Offsets

Last update for Capital One Financial by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits No
Separate targets for emission reductions and removals No
Conditions on use of offset credits None
Plans for carbon dioxide removal (CDR) Not Specified

Additional notes: Discontinued use of carbon offsets to achieve our GHG reduction targets. Introduced goal to reduce Scope 1 emissions by 50% and Scope 3 (Categories 1-14) emissions by 50% by 2030 (from a baseline year of 2019)

Data source from zerotracker.net - For more information, see methodology

Score Summary

Ref Principle Score
(points) 		Max
(points) 		Delta
(points)
1 At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified 10.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 10.0 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 0.0 10.0 -7.0
Transparency 20.0 30.0 -7.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 3.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 0.0 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 9.70059208536954 10.0 2.8
7 Targets are science-based as validated by SBTi 0.0 10.0 0.0
Commitments 12.70059208536954 40.0 2.8
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 10.0 10.0 0.0
9 Results re. value chain emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 10.0 -10.0
10 Implied Temperature Rating by MSCi 10.0 10.0 2.5
Results 20.0 30.0 -7.5
Total 52.7 100.0 -11.7


Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email


Score Details

Criteria Results 2023 Score 2022 Score Vs. 2022 2021 Score
Criteria 1 : Transparency on operational emissions (Scope 1 + 2)
Are S1+S2 figures publicly-disclosed for the last reporting year and the preceding period? yes 5.0 / 5.0 5.0 0.0 5.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? yes 5.0/ 5.0 5.0 0.0 5.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? full 5.0 / 5.0 5.0 0.0 2.5
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? full 5.0 / 5.0 5.0 0.0 2.5
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? NONE 0.0 / 10.0 7.0 -7.0 7.0
How many interim reporting were provided between 2 reporting periods (GHG emissions only)?
Criteria 4 : Net Zero Commitments
Does the net 0 target include a statement of a generally-accepted net zero emission target by 2050? NC 0.0 / 3.0 0.0 0.0 0.0
Does the net zero target include an intermediate target by 2030? 2030 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include all the emissions? NC 0.0 / 4.0 0.0 0.0 0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? NC 0.0 / 5.0 0.0 0.0 0.0
Target year for achieving net zero emissions for S1+S2+S3 combined? NC 0.0 / 5.0 0.0 0.0 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2? 4.7
4.7 / 5.0 4.4 0.3 5.0
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3? 5.3
5.0 / 5.0 2.5 2.5 5.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? NC 0.0 / 10.0 0.0 0.0 0.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 5.0
Actual (in %): 13.3
5.0 / 5.0 5.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 4.7
Actual (in %): 13.3
5.0 / 5.0 5.0 0.0 5.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %): 5.0
Actual (in %): 4.3
0.0 / 5.0 5.0 -5.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %): 5.3
Actual (in %): 4.3
0.0 / 5.0 5.0 -5.0 5.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.3°C 10.0 / 10.0 7.5 2.5 7.5
Total 52.7 / 100.0 64.4 -11.7 52.5


Available Data Sources

Reporting Year 2021 2021 2020 2020 2020 2019 2019 2019
Source Public Yourstake Public CDP Public CDP Public Public
Publication Year 2022 unknown 2022 2021 2021 2020 2022 2021
Scope 1 6,608 6,608 7,199 6,620 6,620 9,495 10,125 9,495
Scope 2 - location-based 95,911 95,911 111,097 118,105 118,105 146,671 155,990 146,671
Scope 2 - market-based 1,756 1,756 1,613 577 578 135 1,655 135
Scope 1-2 - location-based 102,519 102,519 118,296 124,725 124,725 156,166 166,115 156,166
Scope 1-2 - market-based 8,364 8,364 8,812 7,197 7,198 9,630 11,780 9,630
Scope 3 223,852 223,852 222,792 378,752 378,752 390,975 381,466 390,975
Total - location-based 326,371 326,371 341,088 503,477 503,477 547,141 547,581 547,141
Total - market-based 232,216 232,216 231,604 379,690 385,950 392,449 393,246 400,605

Sources

Please refer to the library for viewing the supporting documentation

Despite our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated. If it is the case, please reach out and report the issues. Email

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