Wex Sustainability Profile
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.
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.
Industry Benchmark
Wex's score of 45 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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Wex's reported carbon emissions
In 2024, Wex reported total carbon emissions of approximately 4,401,000 kg CO2e, comprising 219,000 kg CO2e from Scope 1 and about 4,182,000 kg CO2e from Scope 2 (market-based). This marks a significant reduction of approximately 46% in absolute Scope 1 and 2 emissions from 2019 to 2023. In 2023, emissions were about 4,468,000 kg CO2e, with Scope 1 emissions at 1,246,000 kg CO2e and Scope 2 emissions at approximately 3,204,000 kg CO2e (market-based). Wex has set ambitious climate commitments, aiming for net zero emissions by 2050 for both Scope 1 and Scope 2 emissions. This long-term target reflects the company's dedication to sustainability and aligns with industry standards for climate action. The emissions data is sourced directly from Wex Inc., with no cascaded data from parent organisations.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,903,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 |
| Scope 2 | 6,479,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - | - | - | - |
How Carbon Intensive is Wex's Industry?
How Carbon Intensive is Wex's Location?
Wex'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.
Wex 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.
