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.
-4 vs industry average
Wex’s score of 36 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Computer Services is among the least carbon-intensive industries
Industry performance
The Computer Services industry has reduced its overall emissions by 19% since 2019
Emissions trajectory 2020 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
Wex's reported carbon emissions
In 2024, Wex reported total emissions of approximately 4,401,000 kg CO2e, comprising 219,000 kg CO2e from Scope 1 and 4,182,000 kg CO2e from Scope 2 emissions. This reflects a significant reduction of about 46.0% in absolute Scope 1 and 2 emissions from 2019 to 2023. In 2023, Wex's total emissions were approximately 4,468,000 kg CO2e, with Scope 1 emissions at 1,246,000 kg CO2e and Scope 2 emissions at 3,204,000 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 currently on track to meet its near-term reduction targets, which include a 46.0% reduction in absolute emissions from 2019 levels by 2023. Wex's emissions data is not cascaded from any parent organisation, and all reported figures are derived directly from Wex Inc. This commitment to transparency and accountability underscores Wex's dedication to sustainability and climate action.
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Wex’s Climate Goals (2030 & 2050)
4 goals2050
WEX aims to achieve net zero emissions by 2050
WEX aims to achieve net zero emissions by 2050.
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Climate initiatives
Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact Climate Champions initiative
RE 100
Climate Action 100
Emissions comparison with industry peers
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Wex
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