Paypal Holdings
Carbon footprint
Primary Climate Goal
Paypal Holdings aims to reduce Scope 1 + 2 by 25% by 2025 from a base year 2019
This target is most likely outdated and the company appears to have already achieved it
Secondary Climate Goal
Paypal Holdings aims to achieve net zero for all Scopes by 2040
GHG emissions and Carbon intensity
Paypal Holdings reported Total CO2e Emissions - Market-Based Scope 1 + Scope 2 for the twelve months ending 31 December 2020 at 25 Kt (-28 /-52.7% y-o-y). Also positively, carbon intensity tumbled to 1.2 t (-1.8 /-60% y-o-y).
Paypal Holdings's Scope 3 emissions tumbled to 14 Kt (
The company is committed to reducing Scope 1 + 2 by 25% by 2025 from a base year 2019, which it appears to have already achieved as of 2020. This science-based target is aligned with Paris Agreement to limit global warming to 1.5°C above pre-industrial levels.
Also, the company commits to achieving net zero for all Scopes by 2040, which translates into the estimated reduction of -1.9 Kt per annum over the period of FY2021 - FY2040. This target, however, has not been recognised as science-based (and as aligned with Paris Agreement) by the SBTi.