Venmo, LLC Sustainability Profile
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.
DitchCarbon Score
How does Venmo, LLC'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
Venmo, LLC's score of 82 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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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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| 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 9,445,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 63,188,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 20,838,000 | - | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Venmo, LLC's Industry?
How Carbon Intensive is Venmo, LLC's Location?
Venmo, LLC's Scope 3 Categories Breakdown
Venmo, LLC's Scope 3 emissions, which decreased by 8% last year and increased significantly since 2017, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 82% of Scope 3 emissions.
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Venmo, LLC's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Venmo, LLC has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
