Square
Square, officially known as Square, Inc., is a leading financial services and mobile payment company headquartered in France. Founded in 2009, Square has revolutionised the way businesses manage transactions, offering innovative solutions primarily in the payment processing and point-of-sale (POS) systems sectors. With a strong presence in Europe and North America, Square provides a suite of core products, including its renowned Square Reader and Square Register, which enable merchants to accept payments seamlessly. The company is distinguished by its user-friendly interface and robust analytics tools, catering to small and medium-sized enterprises. Square has achieved significant milestones, such as its IPO in 2015, solidifying its position as a key player in the fintech industry. With a commitment to empowering businesses, Square continues to lead the market with its unique offerings and customer-centric approach.
DitchCarbon Score
How does Square'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 Other 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
Square's score of 3 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Square's reported carbon emissions
In 2023, Square reported zero carbon emissions per $1 million gross profit, marking a significant achievement in their sustainability efforts. This follows a progressive reduction in emissions from approximately 7.5 kg CO2e in 2020 to 5.0 kg CO2e in 2021, and further down to 2.5 kg CO2e in 2022. The company has set ambitious climate commitments, aiming to reduce absolute Scope 1 and Scope 2 greenhouse gas emissions by 50.4% by 2031, using 2019 as the baseline year. Additionally, Square is committed to reducing Scope 3 emissions by 58.2% per unit of value added within the same timeframe. These targets align with industry standards and reflect Square's dedication to addressing climate change and minimising its carbon footprint.
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.
Square is committed to some reduction initiatives 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.
