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 40 is higher than 61% 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 2023, WEX reported total carbon emissions of approximately 4,468,000 kg CO2e, comprising 1,246,000 kg CO2e from Scope 1 and 3,204,000 kg CO2e from Scope 2 (market-based). This represents a significant reduction of about 46% in absolute Scope 1 and 2 emissions from 2019 to 2023. In 2022, emissions were approximately 5,657,000 kg CO2e, while in 2021, they reached about 6,849,000 kg CO2e. WEX has set ambitious climate commitments, aiming for net zero emissions by 2050 for both Scope 1 and Scope 2 emissions. The company is on track to meet its near-term reduction targets, which include a 46% reduction in absolute emissions by 2023. This commitment reflects WEX's proactive approach to addressing climate change and aligns with industry standards for sustainability. The emissions data is sourced directly from WEX Inc., with no cascaded data from parent or related organizations.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 1,903,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 6,479,000 | 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.
