We have a responsibility to properly manage our environmental footprint and an opportunity to help advance global environmental progress. This includes actions focused on mitigating our greenhouse gas emissions, managing our water consumption and resilience, enhancing our waste management practices and engaging partners across our value chain.

Our Approach to Environmental Sustainability

Managing our Impact

Since 2017, we’ve published annual environmental performance updates in our Global Impact Report and demonstrated meaningful improvements to our management systems and processes. We also continue to enhance our environmental management system in alignment with ISO 14001. Please see our Environmental Policy for additional details.

Mobilizing our People

Our employees care deeply about the environment and volunteer their time and skills throughout the year to address sustainability issues. Whether it’s volunteering on Earth Day, participating in Global Climate Action Week, auditing our office waste streams to boost recycling or encouraging environmental innovation, we’re harnessing the creativity and passion of our people to advance our sustainability agenda.

Driving Innovation

We’re pursuing opportunities to drive positive environmental impact with our products and services. We launched the Zettle Ocean Reader, the world’s first card reader made from recycled plastic, and an example of employees innovating to solve complex sustainability issues.

Climate Action

We believe that financial security is critical to the resilience of individuals, organizations and communities impacted by a changing climate. The destabilizing effects of climate change, including increasingly frequent and severe storms, droughts and heatwaves, are disproportionately borne by the financially underserved.1 As part of our mission to democratize financial services, we are exploring opportunities to mobilize our payments platform and manage our global environmental impacts to support an equitable transition to a climate-neutral economy.

SBT Infographic

Science-Based Emissions Target

We have established ambitious, measurable science-based emissions reduction targets informed by stakeholder consultation and validated by the Science Based Targets initiative. We will transparently track progress toward our long-term goal of achieving net-zero GHG emissions across our value chain by 2040 and medium-term science-based targets aligned with limiting temperature rise to no more than 1.5˚C.

Renewable & Efficient Energy Use

We are identifying and incorporating energy efficiency measures and renewable energy use across our operations. In 2020, we matched 98% of the energy from our data center operations with renewable generation and remain well on track to achieve our goal of reaching 100% by 2023.

Watch this video to learn more

Transparency & Reporting

As part of our environmental sustainability strategy, we are committed to full transparency of our climate risks and opportunities in line with the recommendations of the Task Force on Climate-Related Financial Disclosures (TCFD) and other environmental reporting standards. We publish our annual energy and emissions inventory in our Global Impact Report and respond to the CDP Climate Change Survey.

Climate Advocacy

As a global corporate citizen, we recognize the role businesses can play to promote coordinated action across the private, public and nonprofit sectors to address climate change and other environmental challenges. PayPal has joined coalitions including United for the Paris Agreement and We Mean Business which encourage others to support the objectives of the Paris Climate Agreement. We also lend our support to local, national and global public policies aligned with our mission and values.

1The World Bank Group’s 2016 report entitled “Managing the Impacts of Climate Change on Poverty” illustrates the disproportionate impact of climate change on poor communities, which are more vulnerable to its direct and indirect impacts.

Water Management and Resilience

Water Management & Resilience

We’ve implemented various water conservation measures across our operations, including smart-sensor and low-flow fixtures in our offices and water efficiency monitoring at our data centers.

We’ve assessed the water resilience of our global facilities portfolio using analytical tools including the World Resources Institute Aqueduct tool.

Waste Management

Nearly all PayPal offices globally have implemented recycling programs, and many have food waste composting as well. We continue to work with local waste hauling providers and municipal jurisdictions to offer waste recycling in locations where it’s not currently provided.

We have implemented a zero-landfill strategy for electronic waste (e-waste) throughout our operations. For both data center and office electronics, our IT asset disposal service providers are certified to the R2, e-Stewards, or WEEELabex standard for responsible e-waste management.

Employee-led Waste Audit at PayPal Headquarters

Partnerships

PayPal is proud to partner with forward-looking organizations dedicated to building a sustainable future.

  • BSR
  • Reba
  • EDF
  • SBT
  • green power
  • WRI

Additional Resources