Our Commitments: Environmental Impact | Capital One
Sustainability Overview
Capital One recognizes the wide-ranging impact that climate change will have on the world and is committed to continuously improving the environmental sustainability of our business. We are embedding climate-related considerations throughout our strategy and risk management, and we are supplying solutions that our customers and communities will need to thrive in an economy aligned with the goals of the 2015 Paris Accords to limit global temperature rise this century. We continue to engage our associates, customers, suppliers and other stakeholders in that effort.
Capital One is Committed to the Following Goals:
Reducing GHG Emissions
Reduce Scope 1 Direct Emissions by 50% and reduce Scope 3 Emissions (Categories 1-14) by 50% by 2030 (from a baseline year of 2019)
Supporting Renewable Energy
Purchase 100% renewable electricity while increasing location-aligned procurement in the markets where we operate
Reducing Water Consumption
Reduce water use at our facilities by 20% by 2025 (from a baseline year of 2019)
Using Environmentally-Preferred Paper
Ensure 95% of paper purchased for operations is certified by the Forest Stewardship Council or contains 30% post-consumer waste recycled content each year
Pursuing LEED Certification for Our Offices
Pursue the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) certification, and target LEED Silver or higher for all new office construction and comprehensive renovations
Investing in Clean Energy
Capital One invested $75 million of tax equity in Chevelon Butte, a wind farm in Coconino and Navajo Counties, Arizona, developed by global energy company AES. Construction on the 238-megawatt first phase of the wind generation facility was completed in 2023. The project currently generates enough clean energy to power approximately 60,000 homes across the state without generating any carbon emissions. Capital One’s Energy, Power and Renewables team provided about 45% of the tax equity for the Chevelon Butte project.
SUSTAINABILITY IN ACTION
EV Hub
Capital One EV Hub helps car buyers understand the world of hybrid and electric vehicles to make a more informed decision about sustainable vehicle options.
Recommerce for Beloved Brands
Capital One Ventures is investing in environmental sustainability through Trove, a company giving merchandise a longer life
Backing Renewable Energy Projects
Capital One provided the tax equity for what is currently the largest solar project in Idaho
Capital One and REI Partner
The partnership supports both companies’ values, while providing enhanced rewards and benefits for co-op members