WeWork, officially known as WeWork Companies Inc., is a prominent player in the flexible workspace industry, headquartered in the United States. Founded in 2010, the company has rapidly expanded its footprint, operating in major cities across North America, Europe, and Asia. WeWork offers a range of services, including co-working spaces, private offices, and meeting rooms, catering to freelancers, startups, and established enterprises alike. What sets WeWork apart is its emphasis on community and collaboration, fostering an environment that encourages networking and innovation. With a significant market presence, WeWork has achieved notable milestones, including a valuation of $47 billion at its peak. As a leader in the co-working sector, WeWork continues to redefine the way people work, providing flexible solutions that adapt to the evolving needs of modern businesses.
How does Wework'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 Real Estate 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.
Wework's score of 22 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
As of the latest available data, WeWork has not disclosed any specific carbon emissions figures, indicating a lack of reported emissions data for the most recent year. Consequently, there are no details regarding their Scope 1, 2, or 3 emissions, nor any significant reduction targets or achievements. WeWork has not outlined any specific climate commitments or initiatives, such as Science-Based Targets Initiative (SBTi) targets or other reduction initiatives. This absence of data suggests that the company may still be in the early stages of developing a comprehensive climate strategy. In the context of the industry, many organisations are increasingly focusing on transparency and accountability regarding their carbon footprints. As WeWork continues to operate within this evolving landscape, it may benefit from establishing clear climate commitments and reporting frameworks to align with industry standards and stakeholder expectations.
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.
Wework 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.