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Public Profile
Financial Intermediation
US
updated 3 months ago

WageWorks Sustainability Profile

Company website

WageWorks, Inc., a leading provider of consumer-directed benefits, is headquartered in the United States and operates extensively across North America. Founded in 2000, the company has established itself in the benefits administration industry, focusing on health and wellness solutions that empower employees to manage their healthcare expenses effectively. WageWorks offers a range of core services, including Flexible Spending Accounts (FSAs), Health Savings Accounts (HSAs), and commuter benefits, distinguished by their user-friendly technology and comprehensive support. The company has achieved significant milestones, including strategic partnerships and innovative product enhancements, solidifying its position as a trusted partner for employers seeking to enhance employee satisfaction and engagement. With a commitment to improving the employee experience, WageWorks continues to lead the market in consumer-directed benefits, making it a notable player in the industry.

DitchCarbon Score

How does WageWorks'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.

23

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.

32

Industry Benchmark

WageWorks's score of 23 is lower than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.

29%

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WageWorks's reported carbon emissions

Inherited from HealthEquity, Inc.

WageWorks, headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. The company is a current subsidiary of HealthEquity, Inc., which may influence its climate commitments and reporting practices. As of now, WageWorks has not established any documented reduction targets or initiatives, nor does it participate in the Science Based Targets initiative (SBTi) or other climate pledges. This lack of specific commitments suggests that the company may still be in the early stages of developing a comprehensive climate strategy. Given the absence of direct emissions data and reduction targets, it is essential for WageWorks to consider adopting industry-standard climate initiatives to enhance its sustainability profile and align with broader corporate responsibility trends.

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

20202021
Scope 1
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Scope 2
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Scope 3
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How Carbon Intensive is WageWorks's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. WageWorks's primary industry is Financial Intermediation, which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is WageWorks'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 WageWorks is in US, which has a low grid carbon intensity relative to other regions.

WageWorks'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.

WageWorks 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

Compare WageWorks's Emissions with Industry Peers

Towers Watson

GB
•
Insurance and pension funding services, except compulsory social security services (66)
Updated about 3 hours ago

Willis North America Inc.

US
•
Insurance and pension funding services, except compulsory social security services (66)
Updated 3 months ago

Foundation Medicine, Inc.

US
•
Pharmaceutical Preparation Manufacturing
Updated 3 months ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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