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Public Profile
Computer Services
US
updated 2 months ago

Venmo, LLC Sustainability Profile

Company website

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.

82

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.

29

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.

90%

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Venmo, LLC's reported carbon emissions

Inherited from PayPal Holdings, Inc.

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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Access structured emissions data, company-specific emission factors, and source documents

2017201920202021202220232024
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?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Venmo, LLC's primary industry is Computer and related services (72), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Venmo, LLC's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Venmo, LLC is in US, which has a low grid carbon intensity relative to other regions.

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.

Top Scope 3 Categories

2024
Purchased Goods and Services
82%
Capital Goods
5%
Employee Commuting
4%
Business Travel
3%
Fuel and Energy Related Activities
1%
Upstream Transportation & Distribution
1%

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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