Paypal
PayPal Holdings, Inc., commonly known as PayPal, is a leading player in the digital payments industry, headquartered in the United States. Founded in 1998, the company has revolutionised online transactions, providing a secure platform for individuals and businesses to send and receive money globally. With a strong presence in North America, Europe, and Asia, PayPal has established itself as a trusted name in e-commerce. The company offers a range of core services, including online payment processing, mobile payments, and peer-to-peer money transfers, distinguished by its user-friendly interface and robust security features. Notable milestones include its acquisition of Braintree and Venmo, further solidifying its market position. As a pioneer in digital finance, PayPal continues to innovate, making it a preferred choice for millions of users worldwide.
DitchCarbon Score
How does Paypal's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial intermediation services, except insurance and pension funding services (65) industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Paypal's score of 16 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Paypal's reported carbon emissions
In 2023, PayPal reported total carbon emissions of approximately 502,000,000 kg CO2e, with Scope 1 emissions at about 13,200,000 kg CO2e and Scope 2 emissions at around 9,800,000 kg CO2e. The majority of their emissions stem from Scope 3, which includes significant contributions from purchased goods and services (approximately 431,000,000 kg CO2e) and employee commuting (about 18,300,000 kg CO2e). In 2022, PayPal's emissions were slightly lower, totalling around 507,000,000 kg CO2e, with Scope 1 at approximately 10,600,000 kg CO2e and Scope 2 at about 6,700,000 kg CO2e. The trend shows a consistent level of emissions, particularly in Scope 3, which remains a significant area of focus for the company. PayPal has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. However, the company continues to monitor its carbon intensity per transaction, which was reported at 0.0007 kg CO2e in 2023, reflecting ongoing efforts to improve efficiency in its operations. Overall, while PayPal has made strides in tracking its emissions, the lack of formal reduction commitments suggests an opportunity for further engagement in climate action and sustainability initiatives.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 3,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 22,100,000 | 00,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Paypal is participating in some of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
