OFX
OFX, formerly known as OzForex, is a leading global money transfer service headquartered in Australia. Established in 2012, the company has expanded its operations across key regions, including North America, Europe, and Asia-Pacific, positioning itself as a significant player in the foreign exchange industry. Specialising in international money transfers, OFX offers competitive exchange rates and low fees, making it a preferred choice for individuals and businesses alike. Its unique platform provides users with a seamless experience, enabling them to send money across borders efficiently and securely. With a strong market presence and a commitment to customer satisfaction, OFX has achieved notable milestones, including a substantial increase in transaction volumes and a growing customer base. The company continues to innovate, ensuring it remains at the forefront of the evolving financial landscape.
DitchCarbon Score
How does OFX'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 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
OFX's score of 0 is lower than 80% of the industry. This can give you a sense of how well the company is doing compared to its peers.
OFX's reported carbon emissions
In 2023, OFX reported total carbon emissions of approximately 8,566,420 kg CO2e globally, with no emissions from Scope 1. The breakdown includes about 248,040 kg CO2e from Scope 2 and approximately 8,318,380 kg CO2e from Scope 3 emissions. In Australia, OFX's emissions were significant, with Scope 2 emissions at about 193,910 kg CO2e and Scope 3 emissions reaching approximately 6,167,020 kg CO2e. This highlights the company's substantial indirect emissions, primarily from its supply chain and customer activities. Despite the high emissions figures, OFX has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company’s focus appears to be on transparency regarding its emissions rather than on setting formal reduction goals. As OFX continues to operate in a climate-conscious environment, its future commitments and strategies will be crucial in addressing its carbon footprint and aligning with global climate action efforts.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2023 | 2024 | |
|---|---|---|
| Scope 1 | - | - |
| Scope 2 | 248,040 | 000,000 |
| Scope 3 | 8,318,380 | 0,000,000 |
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.
OFX 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.
