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 23 is lower than 80% 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, has not publicly disclosed specific carbon emissions data for the most recent year. However, the company is committed to addressing climate change through its participation in the Climate Pledge, which it signed on 1st September 2022. This commitment aligns with global efforts to achieve net-zero carbon emissions by 2040. While there are no specific reduction targets or absolute emissions figures available, Ripple's involvement in the Climate Pledge indicates a proactive approach to sustainability and climate responsibility. The company is expected to implement strategies that contribute to reducing its carbon footprint, although detailed plans or targets have not been specified. In summary, Ripple Labs Inc. is actively engaged in climate commitments, focusing on long-term sustainability goals, despite the absence of specific emissions data or reduction targets at this time.
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.
