Revolut
Revolut Ltd, commonly known as Revolut, is a leading financial technology company headquartered in Great Britain. Founded in 2015, it has rapidly expanded its operations across Europe, North America, and Asia, positioning itself as a key player in the digital banking industry. Revolut offers a range of innovative financial services, including multi-currency accounts, cryptocurrency trading, and budgeting tools, all designed to empower users with greater control over their finances. Its unique approach to banking, characterised by low fees and real-time spending notifications, has garnered a substantial user base. With over 20 million customers globally, Revolut has achieved significant milestones, such as securing a banking licence in 2021, further solidifying its market position. As a pioneer in the fintech space, Revolut continues to redefine the way individuals manage their money in an increasingly digital world.
DitchCarbon Score
How does Revolut'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
Revolut's score of 40 is higher than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Revolut's reported carbon emissions
In 2023, Revolut reported total carbon emissions of approximately 130,500 kg CO2e, with Scope 1 emissions at about 19,600 kg CO2e and Scope 2 emissions at around 110,900 kg CO2e. This marks a slight increase from 2022, when emissions were approximately 123,800 kg CO2e, with Scope 1 at about 11,900 kg CO2e and Scope 2 at approximately 112,000 kg CO2e. In 2021, Revolut's total emissions were about 144,400 kg CO2e, with Scope 1 emissions of approximately 11,800 kg CO2e and Scope 2 emissions at around 132,600 kg CO2e. The company has not disclosed any Scope 3 emissions in the available data. Despite the fluctuations in emissions, Revolut has not set specific reduction targets or climate pledges, indicating a potential area for future commitment. The company’s emissions intensity ratio has shown a decreasing trend, with approximately 0.00007 tCO2e per £ million of revenue in 2023, compared to 0.00013 tCO2e in 2022 and 0.00023 tCO2e in 2021. Revolut's headquarters is located in Great Britain, and while it has made strides in emissions reporting, further commitments to reduction initiatives could enhance its climate strategy.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | - | 00,000 | 00,000 | 00,000 |
| Scope 2 | 337,900 | 000,000 | 000,000 | 000,000 |
| Scope 3 | - | - | - | - |
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.
Revolut is committed to some 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.
