VOCALINK Sustainability Profile
Vocalink, a leading payment systems provider headquartered in Great Britain, has been at the forefront of the financial technology industry since its inception in 2007. Specialising in the development and operation of innovative payment solutions, Vocalink plays a crucial role in the UK’s payment infrastructure, particularly with its renowned Faster Payments Service and Bacs payment systems. With a strong presence across the UK and Europe, Vocalink has established itself as a key player in the digital payments landscape. The company is recognised for its unique ability to facilitate seamless, real-time transactions, enhancing the efficiency of payment processing for banks and businesses alike. Notable achievements include its pivotal role in the UK’s transition to instant payments, solidifying its market position as a trusted partner in the evolving financial ecosystem.
DitchCarbon Score
How does VOCALINK'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 Financial Intermediation 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
VOCALINK's score of 70 is higher than 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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VOCALINK's reported carbon emissions
In 2023, VocaLink Limited, headquartered in Great Britain, reported total carbon emissions of approximately 5,000,000 kg CO2e. This figure includes Scope 1 emissions of about 330,000 kg CO2e, primarily from stationary combustion and fugitive emissions. Scope 2 emissions totalled around 2,262,000 kg CO2e, while Scope 3 emissions accounted for approximately 4,000,000 kg CO2e, with significant contributions from purchased goods and services (about 2,347,000 kg CO2e) and business travel (approximately 849,000 kg CO2e). In 2022, VocaLink's emissions were slightly lower, with total emissions of about 5,000,000 kg CO2e, including Scope 1 emissions of 297,000 kg CO2e and Scope 2 emissions of 2,155,000 kg CO2e. Scope 3 emissions for that year were approximately 5,192,000 kg CO2e, indicating a notable reliance on upstream activities. VocaLink's climate commitments are influenced by its parent company, Mastercard Incorporated, from which it inherits various sustainability initiatives and targets. However, VocaLink has not disclosed specific reduction targets or climate pledges of its own. The company is part of a broader corporate family that is actively engaged in climate action, as evidenced by its cascading data and initiatives from Mastercard. Overall, VocaLink's emissions data reflects a significant carbon footprint, with a clear opportunity for enhanced climate action and reduction strategies in alignment with industry standards.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 297,000 | 000,000 |
| Scope 2 | 2,155,000 | 0,000,000 |
| Scope 3 | 6,495,000 | 0,000,000 |
How Carbon Intensive is VOCALINK's Industry?
How Carbon Intensive is VOCALINK's Location?
VOCALINK's Scope 3 Categories Breakdown
VOCALINK's Scope 3 emissions, which decreased by 32% last year and decreased by approximately 32% since 2022, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 63% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 53% of Scope 3 emissions.
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VOCALINK'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.
VOCALINK 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.
