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.
-13 vs industry average
Ripple Labs Inc.’s score of 19 is lower than 15% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Business Services has below-average carbon intensity
Industry performance
The Business Services industry has increased its overall emissions by 24% since 2019
Emissions trajectory 2020 – 2024
Reported emissions
Scope 3 accounts for ••• of total emissions.
Ripple Labs Inc.'s reported carbon emissions
In 2024, Ripple Labs Inc. reported total carbon emissions of approximately 22,605,000 kg CO2e. This figure represents a decrease from the previous year's total emissions of about 24,584,000 kg CO2e in 2023. The emissions data does not specify individual contributions from Scope 1, Scope 2, or Scope 3, as no detailed scope data has been disclosed.
Ripple Labs has committed to climate action by signing the Amazon Climate Pledge on 31 August 2022, demonstrating their dedication to reducing their carbon footprint and addressing climate change. However, specific reduction targets or initiatives have not been detailed in the available data.
As a company headquartered in the US, Ripple Labs is part of a growing movement within the tech industry to enhance sustainability practices and reduce greenhouse gas emissions. The absence of cascaded emissions data indicates that Ripple Labs is independently reporting its climate impact without inherited figures from a parent organisation.
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Ripple Labs Inc.’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Ripple Labs Inc. yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Ripple Labs Inc.
Frequently asked questions
Common questions about Ripple Labs Inc.’s sustainability data and climate commitments
Data year: 2024
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