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Ripple Labs Inc., commonly referred to as Ripple, is a prominent player within the 'Other business services (74)' industry, specialising in innovative financial technology solutions. Headquartered in the United States, Ripple has established a significant presence across global markets, focusing on streamlining cross-border payments and enhancing transaction efficiency.
Founded in 2012, Ripple has achieved notable milestones, including the development of its flagship product, RippleNet, which leverages blockchain technology to facilitate secure and rapid international transfers. Its core offerings, such as the Ripple payment protocol and digital asset XRP, distinguish the company through their emphasis on speed, scalability, and interoperability.
Recognised for its market influence, Ripple continues to shape the future of financial services by providing unique solutions that address longstanding industry challenges, positioning itself as a leader in the evolving landscape of digital payments and blockchain-based financial infrastructure.
24
DitchCarbon score
-12 vs industry average
Ripple Labs Inc.’s score of 24 is lower than 38% 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
Very Low
Business Services is among the least carbon-intensive industries
Industry performance
0.146
20182025
The Business Services industry has reduced its overall emissions by 25% since 2018
Emissions trajectory 2020 – 2024
20202021202220232024
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Ripple Labs Inc.'s reported carbon emissions
Ripple Labs Inc., a US-based company in the other business services industry, reported approximately 22,605,000 kg CO2e in global carbon emissions for 2024. This figure represents a reduction from their 2023 global emissions of approximately 24,584,000 kg CO2e. It's important to note that specific Scope 1, Scope 2, and Scope 3 emissions data for purchased goods and services, business travel, and employee commute were not available for these years. Ripple Labs Inc. demonstrates its climate commitment by being a signatory of The Climate Pledge, which they signed on 31 August 2022.
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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
See details
Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
Signed 2022See details
Active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
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Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Ripple Labs Inc.13 days ago
24
Frequently asked questions
Common questions about Ripple Labs Inc.’s sustainability data and climate commitments
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