Revolut Sustainability Profile
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 31 is higher than 50% 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 carbon emissions of approximately 144,400 kg CO2e from Scope 2 sources in Great Britain. This figure represents a decrease from 2020, when emissions were about 160,400 kg CO2e in the same scope. On a global scale, Revolut's total Scope 2 emissions for 2021 were approximately 482,300 kg CO2e. Revolut has not disclosed any Scope 1 or Scope 3 emissions data, nor have they set specific reduction targets through initiatives such as the Science Based Targets initiative (SBTi). Additionally, there are no documented climate pledges or reduction initiatives currently in place. The company’s emissions data is not cascaded from any parent organization, indicating that all reported figures are directly from Revolut Ltd. As the financial services industry increasingly focuses on sustainability, Revolut's commitment to monitoring and potentially reducing its carbon footprint will be crucial in aligning with broader climate goals.
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| 2021 | |
|---|---|
| Scope 1 | - |
| Scope 2 | 482,300 |
| Scope 3 | - |
How Carbon Intensive is Revolut's Industry?
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Revolut'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.
Revolut has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
