Western Union Company, a leader in the financial services industry, is headquartered in the United States and operates extensively across North America, Europe, Asia, and Latin America. Founded in 1851, Western Union has evolved from a telegraph company to a global powerhouse in money transfer and payment services, marking significant milestones along the way. The company offers a range of core services, including international money transfers, bill payments, and money orders, distinguished by their extensive network of agents and locations worldwide. With a strong market position, Western Union is renowned for its reliability and speed, facilitating millions of transactions annually. Its commitment to innovation and customer service has solidified its reputation as a trusted name in cross-border payments, making it a preferred choice for individuals and businesses alike.
How does Western Union'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.
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.
Western Union's score of 38 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2023, Western Union reported total carbon emissions of approximately 11,301,000 kg CO2e, comprising 4,132,000 kg CO2e from Scope 1 and 7,169,000 kg CO2e from Scope 2 emissions. Additionally, Scope 3 emissions from purchased goods and services amounted to about 2,166,000 kg CO2e. This reflects a continued commitment to transparency in their emissions reporting, as they have disclosed data across all three scopes. In 2022, the company recorded total emissions of approximately 12,953,000 kg CO2e, with Scope 1 emissions at 4,648,000 kg CO2e and Scope 2 emissions at 8,305,000 kg CO2e. The reduction in total emissions from 2022 to 2023 indicates a positive trend in their climate impact management. Despite these figures, Western Union has not set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. Their ongoing efforts to monitor and report emissions demonstrate a commitment to addressing climate change, although further action may be necessary to establish concrete reduction goals.
Access structured emissions data, company-specific emission factors, and source documents
2021 | 2022 | 2023 | |
---|---|---|---|
Scope 1 | 4,828,000 | 0,000,000 | 0,000,000 |
Scope 2 | 7,297,000 | 0,000,000 | 0,000,000 |
Scope 3 | 828,000 | - | 0,000,000 |
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Western Union is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.