Waystar, Inc. Sustainability Profile
Waystar, Inc., a leading provider of healthcare technology solutions, is headquartered in the United States. Founded in 2017, the company has rapidly established itself within the healthcare industry, focusing on revenue cycle management, patient experience, and analytics. With a commitment to streamlining operations for healthcare providers, Waystar offers a unique suite of products that enhance financial performance and improve patient engagement. The company operates across major regions in the US, serving a diverse clientele that includes hospitals, physician practices, and health systems. Waystar's innovative platform integrates seamlessly with existing systems, making it a preferred choice for many healthcare organisations. Notable achievements include significant growth in market share and recognition for its user-friendly technology, positioning Waystar as a trusted partner in the evolving landscape of healthcare finance.
DitchCarbon Score
How does Waystar, Inc.'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
Waystar, Inc.'s score of 28 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Waystar, Inc., headquartered in the United States, has set ambitious climate commitments aimed at significantly reducing its greenhouse gas (GHG) emissions. Although specific emissions data for the most recent year is not available, the company has established clear targets through the Science Based Targets initiative (SBTi). Waystar commits to reducing its absolute Scope 1 GHG emissions by 42% by 2030, using 2021 as the baseline year. Additionally, the company aims to maintain its commitment to sourcing 100% renewable electricity annually through 2030. For Scope 3 emissions, which encompass emissions from purchased goods and services, fuel and energy-related activities, waste generated in operations, and employee commuting, Waystar targets a reduction of 25% by 2030, also from a 2021 baseline. These targets are aligned with the necessary reductions to limit global warming to 1.5°C, reflecting the company's commitment to sustainable practices within the software and services sector. The emissions reduction initiatives are cascaded from Waystar, Inc. as a current subsidiary, ensuring that the company's climate strategy is integrated throughout its operations.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 533,000,000 | 000,000 |
| Scope 2 | - | 000,000 |
| Scope 3 | - | - |
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Waystar, Inc.'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.
Waystar, Inc. has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
