The OLB Group, Inc.
The OLB Group, Inc., headquartered in the United States, is a prominent player in the financial technology sector, specialising in e-commerce solutions and payment processing services. Founded in 1999, the company has achieved significant milestones, including the development of innovative platforms that cater to a diverse range of businesses across various industries. With a focus on enhancing the customer experience, The OLB Group offers unique services such as secure payment gateways and comprehensive merchant solutions. Their commitment to leveraging cutting-edge technology has positioned them as a trusted partner for businesses seeking to optimise their online transactions. Notably, the company has garnered recognition for its robust security measures and user-friendly interfaces, solidifying its market position as a leader in the fintech landscape.
DitchCarbon Score
How does The OLB Group, 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 Computer 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
The OLB Group, Inc.'s score of 29 is higher than 57% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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The OLB Group, Inc.'s reported carbon emissions
In 2023, The OLB Group, Inc. reported significant carbon emissions totalling approximately 2,536,000,000 kg CO2e. This figure includes 4,928,000 kg CO2e from Scope 1 emissions and 2,530,000,000 kg CO2e from both Scope 2 and Scope 3 emissions, indicating a substantial impact across all scopes of their operations. The company has set ambitious reduction targets to address its carbon footprint. Specifically, The OLB Group aims to reduce its Scope 1 emissions by 40% from a 2019 baseline by the year 2030. Additionally, they are targeting a 29% reduction in Scope 2 emissions over the same timeframe. These commitments reflect the company's dedication to mitigating climate change and enhancing sustainability within its operations. Overall, The OLB Group, Inc. is actively working towards significant emissions reductions, aligning with industry standards and climate commitments to foster a more sustainable future.
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| 2023 | |
|---|---|
| Scope 1 | 4,928,000 |
| Scope 2 | 2,531,000,000 |
| Scope 3 | 2,531,000,000 |
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.
The OLB Group, Inc. is not participating in any 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.
