ORX, or Operational Riskdata eXchange Association, is a leading organisation headquartered in Switzerland (CH), with significant operations across Europe and North America. Founded in 2011, ORX has established itself as a pivotal player in the operational risk management industry, providing valuable insights and data to financial institutions worldwide. The organisation is renowned for its comprehensive operational risk data exchange services, which enable members to share and analyse risk-related information effectively. ORX's unique approach to data aggregation and benchmarking sets it apart, fostering a collaborative environment that enhances risk management practices. With a strong market position, ORX has achieved notable milestones, including the development of the ORX Loss Database, which is widely regarded as a key resource for understanding operational risk trends. Through its commitment to innovation and member support, ORX continues to shape the future of operational risk management.
How does ORX'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.
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.
ORX's score of 19 is lower than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, ORX reported total carbon emissions of approximately 1,314,000 kg CO2e across all scopes. This includes 273,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 73,000 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity, steam, heating, and cooling. The majority of their emissions, about 1,131,000 kg CO2e, stem from Scope 3, which encompasses all other indirect emissions in the value chain. Notably, within Scope 3, emissions from capital goods accounted for 20,000 kg CO2e, while business travel contributed 17,000 kg CO2e. Comparatively, in 2022, ORX's total emissions were approximately 1,488,000 kg CO2e, with Scope 1 emissions at 284,000 kg CO2e and Scope 2 emissions remaining consistent at 73,000 kg CO2e. The reduction in total emissions from 2022 to 2023 indicates a positive trend in their climate impact, particularly in Scope 3 emissions, which decreased by about 117,000 kg CO2e. Despite these reductions, ORX has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. This context highlights the importance of ongoing efforts in the industry to address climate change and reduce carbon footprints.
Access structured emissions data, company-specific emission factors, and source documents
Add to project2022 | 2023 | |
---|---|---|
Scope 1 | 284,000 | 000,000 |
Scope 2 | 73,000 | 00,000 |
Scope 3 | 1,488,000 | 0,000,000 |
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.
ORX 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.