Changing banking for good

Addressing climate change

The science is clear. Here's what we are doing about it.

Reducing our impact

As a company striving to change banking for good, we are reducing greenhouse gas emissions through our entire value chain, procuring renewable energy, and have implemented an internal price on carbon. 

Greenhouse gas emissions

Aligning with the science

Reducing greenhouse gas emissions

Capital One has set greenhouse gas (GHG) reduction goals for over a decade and we are currently on our fourth generation goal. 

Wind Turbine

Clean energy

Focusing on renewable energy

Transitioning away from carbon intensive sources in favor of renewable energy is essential to addressing climate change. We began purchasing renewable energy in 2008 and, in 2017, met our goal–100% of our electricity comes from renewable sources. 

In 2018, we became a member of RE100, a collaborative initiative of global companies committed to 100% renewable electricity. We installed our first on-site solar project that same year in Richmond, VA. 

1717 Capital One building

Funding our efforts

Setting an internal price on carbon emissions

Capital One set an internal price on carbon starting at $15.00 per metric ton of CO2e. This carbon fee creates a monetary value on each ton of carbon emissions in our carbon footprint, helping us to reduce emissions while establishing a dedicated revenue stream to fund our carbon reduction efforts and sustainability initiatives.