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Venmo, LLC, a prominent player in the digital payments industry, is headquartered in the United States. Founded in 2009, Venmo has revolutionised peer-to-peer payment systems, allowing users to send and receive money effortlessly through its mobile app. The platform primarily serves the US market, catering to a diverse user base that values convenience and social interaction in financial transactions.
Venmo's core services include instant money transfers, bill splitting, and a unique social feed that allows users to share payment activities with friends. This social aspect sets Venmo apart from competitors, fostering a sense of community among users. As a subsidiary of PayPal, Venmo has achieved significant market penetration, becoming a household name in digital payments and consistently ranking among the top mobile payment apps in the country.
76
DitchCarbon score
+35 vs industry average
Venmo, LLC’s score of 76 is higher than 90% 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
Low
Computer Services has below-average carbon intensity
Industry performance
0.246
20182025
The Computer Services industry has reduced its overall emissions by 11% since 2018
Reported emissions
No reported emissions data is available for Venmo, LLC yet.
Venmo, LLC's reported carbon emissions
Venmo, LLC, headquartered in the US, currently does not have specific carbon emissions data available for the most recent year. As a current subsidiary of PayPal Holdings, Inc., any climate commitments or emissions data would be inherited from its parent company.
PayPal Holdings, Inc. has established various climate initiatives, including Science-Based Targets Initiative (SBTi) commitments, which are cascaded to Venmo at a level 2 relationship. However, specific reduction targets or achievements for Venmo itself are not detailed.
Venmo's climate commitments align with those of PayPal, which focuses on reducing its overall carbon footprint and enhancing sustainability practices. The absence of direct emissions data suggests that Venmo is still in the process of developing its own specific climate strategy, while adhering to the broader goals set by its parent company.
In summary, Venmo, LLC is currently reliant on the climate initiatives and targets set by PayPal Holdings, Inc., with no specific emissions data or reduction targets reported at this time.
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Venmo, LLC’s Climate Goals (2030 & 2050)
No climate goals have been disclosed for Venmo, LLC yet.
Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Inherited from PayPal Holdings, Inc.See details
Not active
Carbon Disclosure Project
Inherited from PayPal Holdings, Inc.Sign in to view
Active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
See details
Not active
RE 100
See details
Not active
Climate Action 100
See details
Not active
Emissions comparison with industry peers
View similar organisationsNo peer comparison is available for Venmo, LLC yet.
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