Ripple Labs Inc.
Ripple Labs Inc., commonly known as Ripple, is a pioneering technology company headquartered in the United States. Founded in 2012, Ripple has established itself as a leader in the blockchain and cryptocurrency industry, focusing on enabling secure, instant, and low-cost international money transfers. With a strong presence in major operational regions including North America, Europe, and Asia, Ripple's innovative solutions cater to financial institutions and payment providers. The company's flagship products, such as RippleNet and the digital asset XRP, are designed to enhance cross-border payment efficiency. RippleNet's unique network allows for seamless transactions, while XRP serves as a bridge currency, reducing liquidity costs. Ripple's notable achievements include partnerships with numerous banks and financial entities, positioning it as a key player in the evolving landscape of digital finance.
DitchCarbon Score
How does Ripple Labs Inc.'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 Business Services 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
Ripple Labs Inc.'s score of 27 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ripple Labs Inc.'s reported carbon emissions
Ripple Labs Inc., headquartered in the US, currently does not have publicly available carbon emissions data for the most recent year. As a result, specific figures regarding their carbon footprint, including Scope 1, 2, or 3 emissions, are not disclosed. However, Ripple has made significant climate commitments, having signed the Climate Pledge on 1st September 2022. This commitment reflects their dedication to achieving net-zero carbon emissions by 2040, aligning with global climate goals. While no specific reduction targets or achievements have been outlined, their participation in the Climate Pledge indicates a proactive approach to addressing climate change and reducing their environmental impact. As of now, Ripple Labs Inc. does not inherit emissions data from any parent or related organizations, ensuring that their climate initiatives are independently managed.
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.
Ripple Labs Inc. 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.
