Western Union Holdings Inc. Sustainability Profile
Western Union Holdings Inc., commonly known as Western Union, is a leading player in the global financial services industry, headquartered in the United States. Founded in 1851, the company has evolved from its roots in telegraphy to become a pioneer in money transfer and payment services, operating in over 200 countries and territories worldwide. Western Union's core offerings include domestic and international money transfers, bill payments, and digital wallet services, distinguished by their extensive network and reliability. The company has achieved significant milestones, such as the introduction of its digital platform, which enhances customer convenience and accessibility. With a strong market position, Western Union is recognised for its innovative solutions and commitment to connecting people across borders, making it a trusted name in remittances and financial transactions.
DitchCarbon Score
How does Western Union Holdings 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 Business 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
Western Union Holdings Inc.'s score of 41 is higher than 65% 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 Holdings Inc., headquartered in the US, currently does not have specific carbon emissions data available for recent years. The company is a current subsidiary of The Western Union Company, which may influence its climate commitments and emissions reporting. As of now, there are no documented reduction targets or climate pledges from Western Union Holdings Inc. However, emissions data and performance metrics may be inherited from its parent company, The Western Union Company, which could provide insights into their overall climate strategy. Given the absence of specific emissions figures, it is essential to note that Western Union Holdings Inc. is part of an industry increasingly focused on sustainability and reducing carbon footprints. The company may align with broader corporate initiatives aimed at addressing climate change, although specific details on these initiatives are not currently available. In summary, while Western Union Holdings Inc. lacks detailed emissions data and reduction targets, its affiliation with The Western Union Company suggests potential alignment with industry standards and climate commitments. Further information may be required to fully assess their environmental impact and strategies.
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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 |
How Carbon Intensive is Western Union Holdings Inc.'s Industry?
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Western Union Holdings Inc.'s Scope 3 Categories Breakdown
Western Union Holdings Inc.'s Scope 3 emissions, which increased by 162% last year and increased by approximately 162% since 2021, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 16% of total emissions under the GHG Protocol, with "Purchased Goods and Services" representing nearly all of their reported Scope 3 footprint.
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Western Union Holdings 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.
Western Union Holdings Inc. 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.
