Western Union
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.
DitchCarbon Score
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.
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
Western Union's score of 44 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Western Union's reported carbon emissions
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, the company recorded 2,166,000 kg CO2e in Scope 3 emissions, specifically from purchased goods and services. This data reflects a commitment to transparency in their environmental impact. Comparatively, in 2022, Western Union's emissions were about 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 company has shown a slight reduction in total emissions from 2022 to 2023. Western Union has set ambitious near-term targets to achieve significant reductions in their carbon footprint. They aim to reduce Scope 1 emissions to near zero by 2025 and have a similar target for Scope 2 emissions, also aiming for near-zero levels by the same year. These commitments are part of their broader strategy to enhance sustainability and address climate change. The emissions data and reduction targets are sourced directly from The Western Union Company, with no cascading from a parent organisation. This reflects their independent commitment to environmental stewardship and accountability in their operations based in the US.
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| 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 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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.
