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, each designed to meet the unique needs of its diverse clientele. 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 businesses seeking reliable payment solutions. Its market leadership is underscored by a growing portfolio of clients and a reputation for delivering exceptional service and value.
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 28 is higher than 70% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Wex's reported carbon emissions
In 2023, Wex, headquartered in the US, reported total carbon emissions of approximately 4.5 million tonnes CO2e, comprising about 1.25 million tonnes from Scope 1 and around 3.2 million tonnes from Scope 2 emissions. This marks a significant reduction from previous years, with emissions decreasing from about 5.7 million tonnes CO2e in 2022 and 6.8 million tonnes CO2e in 2021. Wex has demonstrated a commitment to reducing its carbon footprint, achieving a notable decrease in emissions over the years. For instance, Scope 1 emissions fell from approximately 1.99 million tonnes CO2e in 2021 to 1.25 million tonnes CO2e in 2023. Similarly, Scope 2 emissions decreased from about 4.9 million tonnes CO2e in 2021 to around 3.2 million tonnes CO2e in 2023. While specific reduction targets have not been publicly detailed, Wex's ongoing efforts to lower its greenhouse gas emissions reflect a proactive approach to climate responsibility. The company continues to monitor and report its emissions, aligning with industry standards for transparency and accountability in climate commitments.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| 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
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 committed to some 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.
