Case Study: PayPal achieves ambitious science-based climate targets with Anthesis

Anthesis guided PayPal through the entire science-based target development journey in support of its Net Zero goal

PayPal, a global leader in financial services, faced the challenge of advancing its climate mitigation strategy by setting ambitious, verifiable science-based targets (SBTs) to support its net zero goal. To achieve this, the company enlisted the expertise of Anthesis and its services for Science-Based Targets Initiative (SBTi) validation.

Anthesis guided PayPal through the entire process, from creating a baseline emissions inventory to developing reduction strategies and securing SBTi validation. As a result, PayPal successfully committed to a 1.5°C aligned pathway, including a 25% reduction in Scope 1&2 emissions by 2025 and a pledge to achieve net zero before 2040. Anthesis continues to support the implementation and monitoring of these targets.

PayPal

Jaxon Love

Global Environmental Sustainability Lead