Public Profile

Wex

Wex Inc., commonly referred to as Wex, is a leading provider of payment processing and technology solutions, headquartered in the United States. Founded in 1983, the company has established a strong presence in the fleet, travel, and healthcare industries, offering innovative services that streamline transactions and enhance operational efficiency. Wex's core products include fuel cards, travel payment solutions, and healthcare payment systems, all designed to meet the unique needs of businesses across various sectors. The company is recognised for its robust technology platform, which integrates seamlessly with existing systems, providing clients with real-time data and insights. With a commitment to excellence, Wex has achieved significant milestones, positioning itself as a trusted partner for organisations seeking reliable payment solutions. Its dedication to innovation and customer service has solidified its reputation as a market leader in the payment processing industry.

DitchCarbon Score

How does Wex'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.

31

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.

10

Industry Benchmark

Wex's score of 31 is higher than 90% of the industry. This can give you a sense of how well the company is doing compared to its peers.

90%

Wex's reported carbon emissions

In 2023, Wex reported total carbon emissions of approximately 4,468,000 kg CO2e, comprising 1,246,000 kg CO2e from Scope 1 and about 3,204,000 kg CO2e from Scope 2 (market-based). This marks a significant reduction from previous years, with emissions decreasing from about 5,657,000 kg CO2e in 2022, 6,849,000 kg CO2e in 2021, 7,531,000 kg CO2e in 2020, and 8,382,000 kg CO2e in 2019. Wex has demonstrated a commitment to reducing its carbon footprint, although specific reduction targets or initiatives have not been disclosed. The company has consistently reported emissions across Scope 1 and Scope 2, indicating a focus on both direct and indirect emissions associated with its operations. The trend shows a positive trajectory towards lower emissions, reflecting Wex's ongoing efforts to enhance sustainability practices.

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Add to project
20192020202120222023
Scope 1
1,903,000
0,000,000
0,000,000
0,000,000
0,000,000
Scope 2
4,151,000
0,000,000
0,000,000
0,000,000
0,000,000
Scope 3
-
-
-
-
-

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Wex's primary industry is Computer and related services (72), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. Wex is headquartered in US, which has a rank of low, indicating low grid carbon 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.

Wex is not committed to any reduction initiatives 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers