Wise
Wise, formerly known as TransferWise, is a leading financial technology company headquartered in the United Kingdom. Founded in 2011, Wise has revolutionised the way individuals and businesses transfer money internationally, offering a transparent and cost-effective alternative to traditional banks. With a strong presence in Europe, North America, and Asia-Pacific, Wise operates in the fintech industry, focusing on cross-border payments and currency exchange. The company’s core services include multi-currency accounts and low-cost international transfers, distinguished by their real exchange rate and minimal fees. Wise has garnered a reputation for its user-friendly platform and commitment to transparency, positioning itself as a trusted choice for millions of customers worldwide. Notable achievements include reaching over 10 million customers and processing billions in transactions, solidifying Wise's status as a pioneer in the global money transfer landscape.
DitchCarbon Score
How does Wise'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 Financial Intermediation 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
Wise's score of 46 is higher than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Wise's reported carbon emissions
In 2023, Wise reported total carbon emissions of approximately 31,692,000 kg CO2e globally, with Scope 1 emissions at about 221,000 kg CO2e, Scope 2 emissions (location-based) at around 647,000 kg CO2e, and significant Scope 3 emissions of approximately 30,669,000 kg CO2e. In the UK, Wise's emissions for the same year were about 42,400 kg CO2e for Scope 1 and approximately 90,700 kg CO2e for Scope 2, totalling around 133,200 kg CO2e. In previous years, Wise's emissions have shown fluctuations. For instance, in 2021, global emissions were about 877,400 kg CO2e, with Scope 1 at 144,300 kg CO2e and Scope 2 at 733,000 kg CO2e. The UK figures for 2021 were approximately 29,600 kg CO2e for Scope 1 and 122,500 kg CO2e for Scope 2, totalling around 152,200 kg CO2e. Despite these emissions, Wise has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company continues to monitor its emissions and report on its carbon footprint, aligning with industry standards for transparency and accountability in climate commitments.
Unlock detailed emissions data
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Add to project| 2020 | 2021 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 117,700 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 592,300 | 000,000 | 000,000 | 00,000 |
| Scope 3 | - | - | 00,000,000 | 00,000,000 |
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.
Wise is not committed to any 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.
