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OFX, formerly known as OzForex, is a prominent global provider specialising in online international money transfers and foreign exchange services. Headquartered in Sydney, Australia, this financial intermediation company has established a significant worldwide presence since its founding in 1998.
They offer efficient cross-border payment solutions for both businesses and individuals, providing competitive exchange rates and lower fees than traditional banks. OFX simplifies global transactions through a secure online platform and mobile app, supported by 24/7 client service.
Distinguished by their dedicated account managers and comprehensive currency risk management tools, OFX facilitates seamless global payments. They serve clients across major operational regions including North America, Europe, and Asia, delivering trusted foreign exchange solutions.
39
DitchCarbon score
+2 vs industry average
OFX’s score of 39 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2028
202020212022202320242025202620272028
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
OFX's reported carbon emissions
OFX, an Australian financial intermediation services company, reported total carbon emissions of approximately 7,241,930 kg CO2e for 2025. This includes about 57,230 kg CO2e for market-based Scope 2 emissions and around 7,074,400 kg CO2e for Scope 3 emissions. No Scope 1 emissions were reported for this period. In the prior year, 2024, OFX's total emissions were approximately 8,682,130 kg CO2e, with about 280,650 kg CO2e from location-based Scope 2 emissions and roughly 8,401,480 kg CO2e from Scope 3 emissions, again with no reported Scope 1 emissions. OFX discloses Scope 1, 2, and 3 emissions, with 100% carbon emission reporting coverage. The company currently has no specific emissions reduction targets or commitments under initiatives like SBTi or the Climate Pledge.
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OFX’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for OFX yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
OFX7 months ago
39
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