- Integrating TD Ameritrade and harmonizing cultures.
- Addressing cybersecurity risks in a modern threat landscape.
- Managing the evolving ESG landscape and meeting diverse client expectations regarding ESG investing.
- Balancing commitment to workplace flexibility with serving clients and fostering in-person collaboration.
The Charles Schwab Corporation
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, The Charles Schwab Corporation disclosed greenhouse gas emissions of 99.0K tCO2e/year (combined Scope 1 and 2). By scope: Scope 1: 8.4K tCO2e/year; Scope 2: 90.6K tCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
99.0K tCO2e/year (combined Scope 1 and 2)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 8.4K tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 90.6K tCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 99.0K tCO2e/year (combined Scope 1 and 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Solar farm in North Texas produced approximately 3,600 megawatt-hours in 2022, reducing carbon dioxide emissions by 2,590 metric tons. Electricity generated by the solar farm fully powers our North Texas data center.
- Substantially completed construction on a new rooftop solar project at our Phoenix campus (expected online in first half of 2024), estimated to generate nearly 1,000 megawatt-hours annually.
- Diverted nearly 1,500 tons of waste from landfills since 2017 (through partnership with Green Standards), resulting in a reduction of 4,000 metric tons of carbon emissions.
- Donated over 8,000 pounds of food in 2023 (through partnership with Copia), providing more than 6,700 meals and diverting 25,000 pounds of carbon emissions and conserving 1.85 million gallons of water.
- Launched DocuSign to branch network in 2023, with initial launched forms representing more than 60% of total paper volume in branches.
- Redesigned client statements with goal of reducing paper by 40%.
🎯 Climate & Sustainability Targets
🔭 Long-term
- Net carbon neutrality by a designated year
🌱 ESG Focus Areas
Client ServiceData Privacy & SecurityEmployee Diversity & InclusionTalentEmployee Well-BeingResponsible SourcingEthical Business PracticesBoard Composition & EffectivenessBoard Responsiveness & Stockholder EngagementLegal & Regulatory ComplianceCommitment to Risk ManagementPublic Policy EngagementFinancial LiteracyCommunity RelationsEnvironmental FootprintClimate ChangeESG-Themed Investment ProductsSustainability-Themed Investment Products