Bread Financial announced the company established GHG emissions targets that it plans to meet by 2030 that include lowering its carbon footprint.
The company also prioritized digitalization to enhance efficiency and reduce paper, developed a new sustainable IT framework and issued nearly 1.5 million cards made from sustainable plastic.
Bread Financial’s analysis determined that approximately 40% of its suppliers by emissions had GHG reduction targets in relation to the company’s 55% target by 2030.
At each of its locations, the company strives to reduce its environmental footprint through building improvements, decreasing energy usage in the offices, and investing in renewable electricity either through the purchase of renewable energy credits or onsite solar panels.
The company promotes the use of reduced-emissions transportation among its associates. In Bangalore, a ride-sharing service accommodating up to 12 associates per vehicle is used by approximately 60% of its associates. In the U.S., its offices offer 36 electric vehicle (EV) charging spots, which resulted in 74 MTCO2e of avoided GHG emissions.
In total, Bread Financial dispositioned approximately 1,334,000 square feet of office space since 2020, which has helped reduce Scope 1 and 2 GHG emissions and resource overall consumption.
As released in its 2024 Sustainability Report, Bread Financial adopted data governance controls, and its 2024 GHG inventory has been verified by an independent third party to certify the reliability of its data and reinforce the credibility of its commitment to reducing emissions and mitigating climate risk.
“Our 2024 report is more than an annual milestone, it is a reflection of Bread Financial’s deep and ongoing commitment to advancing our reputation, mitigating risk, improving efficiency and driving sustainable, profitable growth,” said CEO Ralph Andretta in a statement. “With a focus on transparency and accountability, we are proud to share our progress and highlight the ways we are delivering value for our stakeholders.”