"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 …"
Carbon emissions are estimated according to comparable years, intensity and sector
Performance vs. Target
Note: Targets without baseline are ignored. In case several targets
exist, only the shorter-term target is
Value Chain (scope 3) Emissions by Category
Emissions Trajectory (Full Scopes)
Please refer to the library for viewing the supporting documentation
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
PayPal belongs to the sector Information Technology.
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.
Separate targets for emission reductions and removals
Conditions on use of offset credits
Plans for carbon dioxide removal (CDR)
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)
At least 2 years of GHG emissions for scope 1 and 2 are publicly-available and externally-verified
Scope 3 emissions are fully reported and externally-verified
CDP score demonstrates the level of transparent disclosures
Net Zero Commitments by 2050 include an intermediate target and cover all the emissions
Net Zero targets demonstrate a high-level of emergency
Emission reduction targets on a forward-looking basis are ambitious