Ripple Labs Inc. Sustainability Profile
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 21 is lower than 81% 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
In 2024, Ripple Labs Inc. reported total carbon emissions of approximately 22,605,000 kg CO2e, a decrease from about 24,584,000 kg CO2e in 2023. This reflects a significant reduction in emissions year-on-year. However, specific details regarding the scope of these emissions (Scope 1, 2, or 3) were not disclosed. Ripple Labs has committed to climate action by signing the Climate Pledge on 1 September 2022, demonstrating its dedication to achieving net-zero carbon emissions. While no specific reduction targets or initiatives were outlined in the available data, the company's participation in the Climate Pledge indicates a commitment to sustainability and accountability in its operations. The emissions data is not cascaded from any parent organization, and all figures are directly reported by Ripple Labs Inc. As the company continues to evolve its climate strategy, further details on specific reduction initiatives and targets may emerge in future reports.
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Ripple Labs Inc.'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.
Ripple Labs Inc. 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.
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Frequently Asked Questions
Common questions about Ripple Labs Inc.'s sustainability data and climate commitments