PAX Technology Ltd. Sustainability Profile
PAX Technology Ltd., commonly referred to as PAX, is a leading provider of electronic payment solutions headquartered in Hong Kong. Established in 2000, the company has rapidly expanded its operations across major regions, including Asia, Europe, and North America, solidifying its position in the financial technology industry. PAX is renowned for its innovative range of point-of-sale (POS) terminals and payment processing solutions, which are designed to enhance transaction efficiency and security. The company’s commitment to quality and cutting-edge technology has earned it a strong market presence, with notable achievements in developing contactless payment systems and mobile payment solutions. With a focus on customer-centric services and a robust portfolio, PAX Technology Ltd. continues to set industry standards, making it a trusted partner for businesses seeking reliable payment solutions.
DitchCarbon Score
How does PAX Technology Ltd.'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 Electrical Machinery Manufacturing 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
PAX Technology Ltd.'s score of 20 is lower than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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PAX Technology Ltd.'s reported carbon emissions
In 2022, PAX Technology Ltd., headquartered in Hong Kong, reported carbon emissions of approximately 2,400 kg CO2e per employee, reflecting a decrease from about 3,070 kg CO2e per employee in 2021. This indicates a positive trend in their efforts to reduce carbon emissions. The company has not disclosed specific Scope 1 or Scope 2 emissions data, nor have they provided information on Scope 3 emissions. PAX Technology Ltd. has not set formal reduction targets or initiatives, as indicated by the absence of documented reduction targets or commitments to frameworks such as the Science Based Targets initiative (SBTi). The emissions data is cascaded from the parent company, PAX Technology Ltd., but no specific climate pledges or initiatives have been reported. Overall, while PAX Technology Ltd. shows a commitment to reducing emissions on a per-employee basis, further transparency regarding their overall emissions and climate strategies would enhance their sustainability profile.
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| 2019 | |
|---|---|
| Scope 1 | 102,970 |
| Scope 2 | 1,343,490 |
| Scope 3 | - |
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PAX Technology Ltd.'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.
PAX Technology Ltd. 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.
