ORX
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.
DitchCarbon Score
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.
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
ORX's score of 39 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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ORX's reported carbon emissions
In 2023, ORX reported total carbon emissions of approximately 1,734,000 kg CO2e, comprising 273,000 kg CO2e from Scope 1, 73,000 kg CO2e from Scope 2, and 1,314,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions included significant contributions from capital goods (20,000 kg CO2e), business travel (17,000 kg CO2e), and purchased goods and services (22,000 kg CO2e). Comparatively, in 2022, ORX's total emissions were about 1,765,000 kg CO2e, with Scope 1 emissions at 284,000 kg CO2e, Scope 2 at 73,000 kg CO2e, and Scope 3 at 1,488,000 kg CO2e. This indicates a slight reduction in total emissions year-on-year. Despite these figures, ORX has not publicly committed to specific reduction targets or initiatives, nor have they aligned with the Science Based Targets initiative (SBTi). Their climate commitments remain unspecified, highlighting an opportunity for future engagement in sustainability practices.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 284,000 | 000,000 |
| Scope 2 | 73,000 | 00,000 |
| Scope 3 | 1,488,000 | 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.
ORX is not participating in any of the initiatives that 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.
