NetSpend Corporation Sustainability Profile
NetSpend Corporation, a leading provider of prepaid debit cards and related financial services, is headquartered in the United States. Founded in 1999, the company has established itself as a key player in the financial technology industry, particularly in the realm of alternative banking solutions. With a focus on unbanked and underbanked consumers, NetSpend offers innovative products such as prepaid Visa and Mastercard cards, which provide users with convenient access to their funds without the need for a traditional bank account. The company has achieved significant milestones, including partnerships with major retailers and a robust online platform that enhances user experience. NetSpend's commitment to financial inclusion and customer service has solidified its market position, making it a trusted choice for millions seeking flexible financial solutions.
DitchCarbon Score
How does NetSpend Corporation'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 Services Auxiliary to Financial Intermediation 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
NetSpend Corporation's score of 46 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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NetSpend Corporation, headquartered in the US, currently does not have specific carbon emissions data available, as indicated by the absence of reported figures. The company is a current subsidiary of Global Payments Inc., which may influence its climate commitments and emissions reporting. While NetSpend has not outlined its own reduction targets or initiatives, it is important to note that emissions data and climate strategies may be cascaded from its parent company, Global Payments Inc. This relationship suggests that NetSpend could align with broader corporate sustainability goals set by Global Payments, although specific details on these initiatives are not provided. As of now, NetSpend Corporation has not publicly committed to any specific climate pledges or reduction targets, nor does it report on its Scope 1, 2, or 3 emissions. The lack of data highlights a potential area for improvement in transparency regarding its environmental impact and climate commitments.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 2,721,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 43,111,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | - | 000,000,000 | 000,000,000 | 000,000,000 |
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NetSpend Corporation's Scope 3 Categories Breakdown
NetSpend Corporation's Scope 3 emissions, which decreased by 24% last year and decreased by approximately 18% since 2021, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 39% of Scope 3 emissions.
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NetSpend Corporation's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
NetSpend Corporation has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
