Charles Schwab Corp

"Charles Schwab Corp does not have a net zero target. Net Zero Tracker
The company's target does not cover scope 1, scope 2, or scope 3 emissions, and it does not have separate targets for emissions reductions and removals. Net Zero Tracker
Furthermore, Charles Schwab does not have a publicly available plan that lays out steps toward its target. Net Zero Tracker
The company's leadership is not formally accountable for delivery on its target. Net Zero Tracker
An interesting fact about their environmental policy is that they have annual reporting, but their target plan does not refer to equity. Net …"

Current Score (vs. LY)

12.5 pts (-3.5)

Last Update: Dec. 29, 2024

Current Rankings

Global: #467

S&P100: #98

Financials: #68

16.7%

Transparency

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

0.0%

Commitments

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

25.0%

Results

Results and actions to deliver on commitments for real

Greenhouse Gas Emissions

Last 3 Years Emissions Data Summary

Y2021Y2020Y2019
Scope 1 5,0082,6322,978
Scope 2 - location-based 78,97149,53754,260
Scope 2 - market-based NANANA
Scope 1-2 - location-based 83,97952,16957,238
Scope 1-2 - market-based NA NA NA
Scope 3 7451,3840
Total - location-based 84,72453,55357,238
Total - market-based NA NA NA

Note: Data sources detailed here

Y2022
Total CO2e estimate (by Net0Tracker) 878,560
Methodology Pre-calculated sector intensity (revenue)

Carbon emissions are estimated according to comparable years, intensity and sector benchmarks

Performance vs. Target

3.0k2.6k5.0k54k50k79kY2019Y2020Y2021010k20k30k40k50k60k70k80k
Operational EmissionsEmissions (in tons of CO​2​e)
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

100%
Scope 3EmissionsY2021

Emissions Trajectory (Full Scopes)

20192020202120222023202420252026202720282029203020312032203320342035203620372038203920402041204220432044204520462047204820492050050k100k150k200k250k300k350k400k
GHG Emissions TrajectoryCharles Schwab CorpGHG Emissions


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best efforts to report accurate data based on publicly-available information, some data may be wrong, inaccurate or outdated.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

Société généraleAmerican International Group (AIG)AxaWells FargoBNP ParibasFidelity National Information ServicesVisa Inc.American ExpressJPMorgan Chase & Co.Chubb LimitedCME GroupS&P GlobalAonAflacMasterCard Inc.Progressive CorporationMetLife Inc.Prudential plcNatWest GroupLloyds Banking GroupHSBCMorgan StanleyBarclaysBlackRock Inc.PayPalUS BancorpWorldlinePNC Financial ServicesCrédit agricoleAllstate CorpBank of AmericaCharles Schwab CorpTruistThe Bank of New York MellonAllianzThe Travelers Companies, IncCapital One FinancialMoody's CorporationMarsh McLennanCitigroup Inc.Global PaymentsFiservGoldman Sachs GroupArthur J. Gallagher & Co.432100k9876543210k987654321000945678910B23456789100B
246810Intensity BenchmarkSector: Financialshigh----------Scope1+2 Emissions----------lowRevenue

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.

Charles Schwab Corp 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

Offsets

Last update for Charles Schwab 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

Data source from zerotracker.net - For more information, see methodology

Score Summary

RefPrinciple 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 0.0 10.0 0.0
2 Scope 3 emissions are fully reported and externally-verified 0.0 10.0 0.0
3 CDP score demonstrates the level of transparent disclosures 5.0 10.0 -1.0
Transparency 5.0 30.0 -1.0
4 Net Zero Commitments by 2050 include an intermediate target and cover all the emissions 0.0 10.0 0.0
5 Net Zero targets demonstrate a high-level of emergency 0.0 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 0.0 10.0 0.0
Commitments 0.0 40.0 0.0
8 Results re. operational emissions reduction: on-pace (performance-to-date) and momentum (forward-looking targets) 0.0 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 7.5 10.0 -2.5
Results 7.5 30.0 -2.5
Total12.5100.0-3.5


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 2024 Score 2023 Score Vs. 2023 2022 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? NC 0.0 / 5.0 0.0 0.0 0.0
Are S1+S2 figures verified by a 3rd-party for the last reporting year? NC 0.0/ 5.0 0.0 0.0 0.0
Criteria 2 : Transparency on value chain emissions (Scope 3)
Are the 15 categories fully or partly disclosed? NC 0.0 / 5.0 0.0 0.0 0.0
Are S3 figures fully or partly verified by a 3rd-party for the last reporting year? NC 0.0 / 5.0 0.0 0.0 0.0
Criteria 3 : Quality and Frequency of reporting
What is the latest CDP score (no later than the preceding year)? C- 5.0 / 10.0 6.0 -1.0 6.0
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? NC 0.0 / 3.0 0.0 0.0 0.0
Does the net zero target include an intermediate target by 2030? NC 0.0 / 3.0 0.0 0.0 0.0
Does the net zero target include all the emissions? NC 0.0 / 4.0 0.0 0.0 0.0
Criteria 5 : Target year for Net Zero Commitments
Target year for achieving net zero emissions for S1+S2? NC 0.0 / 5.0 0.0 0.0 0.0
Target year for achieving net zero emissions for S1+S2+S3 combined? NC 0.0 / 5.0 0.0 0.0 0.0
Criteria 6 : Reduction objectives
What is the forward-looking GHG% reduction (without compensation) for scope 1+2?
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? NC 0.0 / 10.0 0.0 0.0 0.0
Criteria 8 : Results based on scope 1 - 2
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 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: 1.7°C 7.5 / 10.0 10.0 -2.5 10.0
Total 12.5 / 100.0 16.0 -3.5 16.0


Available Data Sources

Reporting Year 2021 2020 2020 2019
Source Yourstake CDP Yourstake CDP
Publication Year unknown 2021 unknown 2021
Scope 1 5,008 2,632 2,632 2,978
Scope 2 - location-based 78,971 49,537 49,537 54,260
Scope 2 - market-based NA NA NA NA
Scope 1-2 - location-based 83,979 52,169 52,169 57,238
Scope 1-2 - market-based NA NA NA NA
Scope 3 745 1,384 1,384 0
Total - location-based 84,724 53,553 53,553 57,238
Total - market-based NA NA NA 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

Library

Sustainability Reports

sustainability_report_2021

GHG DATA

Disclosures - Verification

Targets reporting

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