We make it our mission every day to contribute to a more equitable and sustainable world so everyone can achieve a brighter financial future.
Corporate Impact at Discover
We recognize a brighter financial future is attainable only in a world that is both equitable and sustainable. Our program helps us advance sustainability and equity across our business. Diversity, equity, and inclusion support our Corporate Impact program and strategic focus around financial inclusion, social impact, and environmental sustainability. While our commitment to governance and the Discover Core Value of “Doing The Right Thing” provides the foundation for this important work, regular engagement with our key stakeholders is critical to advancing our strategy. We do this through a variety of mechanisms including shareholder outreach, surveys, meetings, partnerships, and events.
Our Corporate Impact Report
Learn about the progress we have made towards our goals and focus areas.
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Updated 09/16/2024
Our goals
Diversity
Foster a diverse and equitable workforce that is reflective of the customers and communities we serve
Equity
Establish and monitor equity measures to identify and address potential biases, which will improve recruiting, retention, and internal mobility
Inclusion
Achieve and maintain equally strong employee inclusion across all identity groups by 2024
Increase hyperlocal economic impact through hiring (2,000 jobs) and combined CRA investments & philanthropic giving ($530+ million) across all locations by 2025
Achieve $125 million in business diversity spend by 2025, representing more than a 100% increase from 2020
Enable more people to enter and advance within the financial system and support the financial wellness of our employees
Reduce our Scope 1 and Scope 2 GHG emissions1 by 50% from the 2017 baseline by 2030
Conduct lifecycle assessments and build out additional goals
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Updated 09/16/2024
Corporate Impact data
1 Greenhouse gases (GHG) Scope 1 is defined as direct emissions from company’s resources, like fuel oil, natural gas, mobile combustion, and refrigerant losses. Scope 2 is defined as indirect emissions generated by electricity purchased from a utility provider. Discover is developing a strategy to implement decarbonization measures that further reduce our Scope 1 and 2 footprint including: Maximizing building efficiency through lighting upgrades and end-of-life equipment replacements. Improving building automation and set point optimization, behavioral changes, and retro commissioning of existing building systems. Evaluating electrification to reduce use of fossil fuels, explore onsite solar, and offsite renewable energy investments such as a Virtual Power Purchase Agreement. Our emissions are not currently verified by an independent third‑party. Discover reports under the “control” approach for emissions in Scopes 1 and 2, as defined in the Greenhouse Gas Protocol, from sources over which it has operational control. Scope 2 Emissions are calculated using the location-based method which reflects the average emissions intensity of grids on which energy consumption occurs. In 2023, we aligned electrical grid coefficients with the reporting year dating back to 2017. The changes are reflected in our latest ESG report. Discover uses the U.S. EPA eGRID sub-regional average emission factors to calculate indirect emissions resulting from the purchase of electricity in the United States, while indirect emissions resulting from the purchase of electricity outside of the U.S. are calculated using DEFRA for the UK. Electricity emissions for the a reporting year are calculated using the most recent grid emissions factors available from the EPA and DEFRA as of the time GHG emissions calculations are run for the reporting year.