PayPal

"PayPal Holdings Inc. has set a target to achieve net-zero greenhouse-gas emissions by 2040. Net Zero Tracker
The company has also committed to reducing its operational greenhouse gases by 25% by 2025, from a 2019 base year. Net Zero Tracker
PayPal's environmental policy includes using renewable-energy sources to power its data centers by 2023. Net Zero Tracker
The company's target covers carbon dioxide and other greenhouse gases, and includes scope 1 and scope 2 emissions. Net Zero Tracker
However, it is not specified if scope 3 emissions are covered by its target. Net Zero Tracker
In addition, you can check …"

Current Score (vs. LY)

62.3 pts (0.0)

Last Update: Dec. 12, 2023

Current Rankings

Global: #32

S&P100: #20

Financials: #3

80.0%

Transparency

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

58.3%

Commitments

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

50.0%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 2,6043,0006,500
Scope 2 - location-based 99,004NANA
Scope 2 - market-based 11,69722,10046,600
Scope 1-2 - location-based 101,6083,0006,500
Scope 1-2 - market-based 14,301 25,100 53,100
Scope 3 473,5322,50032,100
Total - location-based 575,1405,50038,600
Total - market-based 478,538 38,600 112,600

Note: Data sources detailed here

Y2022 Y2021
Total CO2e estimate (by Net0Tracker) 1,065,6141,006,544
Methodology Pre-calculated sector intensity (revenue)Pre-calculated sector intensity (revenue)

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our best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated.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.

PayPal 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
S3 25.0 2019 2025 Note that all the scope 3 emissions categories are not fully covered
S1S2MKT 25.0 2019 2025

Net Absolute Emission Reductions

Scope Reduction Objectives Base Year Target Year Comments
S1S2S3MKT 100.0 2020 2040

Net Zero Future Commitments

Scope Scope 3 Coverage Target Year Comments
S1S2S3LOC FULL 2040

Science-based Targets (SBTI)

Date Published / Updated :01/04/2021

Near-term Long-Term Net Zero Standard
Targets Set : 1.5°C by 2025 No target No
PayPal is a member of the Business Ambition for 1.5 campaign (link here )

PayPal Holdings, Inc. commits to reduce absolute scope 1 and 2 GHG emissions 25% by 2025 from a 2019 base year. PayPal Holdings, Inc. commits to reduce the absolute scope 3 GHG emissions from fuel and energy-related activities 25% over the same timeframe. PayPal Holdings Inc. also commits that 75% of its suppliers by spend covering purchased goods and services, capital goods, business travel, upstream transportation and distribution will have science-based targets by 2025.

Data source: SBTI

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 PayPal Holdings by zerotracker.net: Sept. 4, 2024
Planning to use external offset credits Not Specified
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: Offset: 'Green Energy Purchases: In 2021, our site in Bengaluru, India, leveraged a landlord sponsored Carbon Credit program that will enable 75% carbon offset moving forward, and in 2022, our facilities in San Jose, CA and Scottsdale, AZ will use 100% renewable energy through participation in their local utility providers’ Green Energy programs.' (p32)

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 5.0 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 9.0 10.0 0.0
Transparency 24.0 30.0 0.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 10.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 3.333333333333334 10.0 0.0
6 Emission reduction targets on a forward-looking basis are ambitious 0.0 10.0 0.0
7 Targets are science-based as validated by SBTi 10.0 10.0 0.0
Commitments 23.333333333333336 40.0 0.0
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 5.0 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 0.0
10 Implied Temperature Rating by MSCi 10.0 10.0 0.0
Results 15.0 30.0 0.0
Total 62.3 100.0 0.0


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? partly 2.5 / 5.0 2.5 0.0 2.5
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? partly 2.5 / 5.0 2.5 0.0 2.5
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? A- 9.0 / 10.0 9.0 0.0 9.0
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? yes 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include an intermediate target by 2030? 2025 3.0 / 3.0 3.0 0.0 3.0
Does the net zero target include all the emissions? yes 4.0 / 4.0 4.0 0.0 4.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? 2040 1.7 / 5.0 1.7 0.0 1.7
Target year for achieving net zero emissions for S1+S2+S3 combined? 2040 1.7 / 5.0 1.7 0.0 1.7
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2? -44.6
0.0 / 5.0 0.0 0.0 0.0
What is the forward-looking GHG% reduction (without compensation) for scope 1+2+3?
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 7 : Science-Based Targets
What type of science-based target (as validated by SBTi) did the company commit to? Targets Set 1.5°C 10.0 / 10.0 10.0 0.0 10.0
Criteria 8 : Results based on scope 1 - 2
Performance to date: cumulative% reduction vs. target Objective (in %): 8.3
Actual (in %): 73.1
5.0 / 5.0 5.0 0.0 5.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
Forward-looking reduction could not be calculated
 0.0 / 5.0 0.0 0.0 0.0
Criteria 9 : Results based on scope 1 - 2 - 3
Performance to date: cumulative% reduction vs. target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Momentum: last year % reduction vs. forward-looking target Objective (in %):
Actual (in %):
No target found
 0.0 / 5.0 0.0 0.0 0.0
Criteria 10 : Implied Temperature Rise (ITR)
Is the company aligned with global climate targets? ITR: 1.3°C 10.0 / 10.0 10.0 0.0 10.0
Total 62.3 / 100.0 62.3 0.0 62.3


Available Data Sources

Reporting Year 2022 2021 2021 2021 2021 2020 2020 2020 2020 2019 2019 2019 2019 2019 2019
Source Wikirate (NV) NZPDU Public Yourstake Wikirate Public Public CDP NZPDU Public CDP Public CDP NZPDU Wikirate (NV)
Publication Year 2023 2022 2022 2022 2022 2022 2022 2021 2021 2022 2021 2021 2020 2020 2020
Scope 1 3,900 2,604 2,600 2,600 2,600 3,000 3,000 3,025 3,002 6,500 6,540 6,500 9,897 6,509 9,900
Scope 2 - location-based 101,400 99,004 NA NA 110,700 NA NA NA 108,576 NA NA 0 0 98,921 47,000
Scope 2 - market-based NA 11,697 11,700 11,700 NA 22,100 22,100 22,075 22,142 46,600 46,608 46,600 47,911 46,643 NA
Scope 1-2 - location-based 105,300 101,608 2,600 2,600 113,300 3,000 3,000 3,025 111,578 6,500 6,540 6,500 9,897 105,430 56,900
Scope 1-2 - market-based NA 14,301 14,300 14,300 NA 25,100 25,100 25,100 25,144 53,100 53,148 53,100 57,808 53,152 NA
Scope 3 507,000 473,532 800 10,100 44,500 2,500 0 13,519 13,519 32,100 0 0 32,130 59,543 32,100
Total - location-based 612,300 575,140 3,400 12,700 157,800 5,500 3,000 16,544 125,097 38,600 6,540 6,500 42,027 164,973 89,000
Total - market-based NA 478,538 24,400 24,400 NA 38,600 25,100 27,626 27,670 112,600 53,148 53,100 89,938 85,282 NA

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

© Vincent Manier - September 2021 About us . Keep in touch . Blog