Elo
Elo, officially known as Elo Participações S.A., is a prominent Brazilian payment solutions provider headquartered in São Paulo, Brazil. Founded in 2014, Elo has rapidly established itself in the financial technology sector, focusing on card payment processing and digital banking services. The company operates extensively across Brazil and has expanded its reach into various Latin American markets. Elo's core offerings include credit, debit, and prepaid cards, distinguished by their robust security features and wide acceptance across merchants. The company has achieved significant milestones, including partnerships with major banks and retailers, positioning itself as a key player in the Brazilian payments landscape. With a commitment to innovation and customer-centric solutions, Elo continues to enhance its market presence and drive the evolution of payment technologies in the region.
DitchCarbon Score
How does Elo's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Business Services industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Elo's score of 16 is higher than 91% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Elo's reported carbon emissions
In 2023, Elo reported total carbon emissions of approximately 11,492,740 kg CO2e, a significant reduction from 29,521,300 kg CO2e in 2022. The emissions breakdown for 2023 includes Scope 1 emissions of 21,530 kg CO2e and Scope 2 emissions from purchased electricity amounting to 5,060 kg CO2e. Scope 3 emissions, which encompass indirect emissions from the value chain, totalled approximately 11,492,740 kg CO2e, with notable contributions from purchased goods and services (about 10,704,250 kg CO2e) and business travel (approximately 213,940 kg CO2e). Elo has not publicly disclosed specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. However, the substantial decrease in total emissions from 2022 to 2023 indicates a commitment to reducing their carbon footprint. The company continues to focus on managing its emissions across all scopes, particularly in the areas of purchased goods and services, which represent a significant portion of their overall emissions profile.
Unlock detailed emissions data
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Add to project| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 21,530 | 00,000 |
| Scope 2 | 3,936 | 0,000 |
| Scope 3 | 14,270,890 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Elo is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
