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 28 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Revolut's reported carbon emissions
In 2021, Revolut reported Scope 2 emissions of approximately 482,300 kg CO2e globally, with a specific breakdown for the UK showing about 144,400 kg CO2e. The company has not disclosed any Scope 1 or Scope 3 emissions data for the years reported. Revolut's emissions intensity ratio for 2021 was about 0.00023 tCO2e per £ million of revenue, indicating a focus on minimising emissions relative to its financial performance. However, there are no documented reduction targets or climate pledges currently in place, suggesting that while the company is aware of its emissions, it has not yet committed to specific reduction initiatives or frameworks such as the Science Based Targets initiative (SBTi). The absence of significant emissions data for 2022 and prior years, alongside the lack of reduction commitments, places Revolut in a context where it may need to enhance its climate strategy to align with industry standards and expectations for corporate sustainability.
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| 2021 | |
|---|---|
| Scope 1 | - |
| Scope 2 | 482,300 |
| 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 participating in some 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.
