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

PayPal cuts emissions 25% with Anthesis, pledging net zero before 2040

PayPal, a leader in the financial technology sector, sought to advance its climate mitigation strategy by setting ambitious science-based targets (SBTs) aligned with a 1.5°C pathway. To achieve this robust commitment to reducing its operational and value chain emissions, the company enlisted the support of Anthesis and its Science Based Targets service.

Anthesis guided PayPal through the entire SBT development process, which included creating a baseline emissions inventory, modeling reduction pathways, and securing validation from the Science Based Targets Initiative (SBTi). As a direct result of this collaboration, PayPal committed to reducing its scope 1 and 2 emissions by 25% and its scope 3 emissions by 25% by 2025. Furthermore, the company pledged that 75% of its suppliers by spend would have science-based targets, and it made an additional net-zero pledge for before 2040, positioning itself as a climate leader.

PayPal