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 92% 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 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 total 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. Over the years, Revolut's emissions have fluctuated, with 2021 seeing total emissions of about 144,400 kg CO2e, primarily from Scope 2. In 2020, the company reported total emissions of approximately 337,900 kg CO2e, all from Scope 2, indicating a significant reduction in emissions in subsequent years. Despite these figures, Revolut has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The absence of defined reduction strategies suggests a need for further action in addressing their carbon footprint. As a financial technology company headquartered in Great Britain, Revolut's emissions profile reflects the broader industry context, where many firms are increasingly focusing on sustainability and carbon neutrality.
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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 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.
