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.
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 37 is higher than 91% 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 marks a significant reduction of about 46% in absolute Scope 1 and 2 emissions from 2019 to 2023, when emissions were approximately 8,300,000 kg CO2e. Wex has set ambitious climate commitments, aiming for net zero emissions by 2050 for both Scope 1 and Scope 2 emissions. This long-term goal reflects the company's dedication to sustainability and reducing its carbon footprint. The company has demonstrated progress towards these targets, being on track for both two-year and five-year milestones. Overall, Wex's commitment to reducing its carbon emissions and achieving net zero by 2050 positions it as a proactive player in the fight against climate change, aligning with industry standards and expectations for corporate responsibility.
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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 | - | - | - | - | - |
Industry emissions intensity
Location emissions 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 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.
