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 48 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Wise's reported carbon emissions
In 2023, Wise reported total carbon emissions of approximately 60,680,000 kg CO2e globally, with 215,000 kg CO2e from Scope 1 and 704,000 kg CO2e from Scope 2 emissions. The majority of their emissions, about 60,445,000 kg CO2e, were attributed to Scope 3, which includes categories such as purchased goods and services, business travel, and employee commuting. In the UK, Wise's emissions for 2023 were approximately 42,400 kg CO2e for Scope 1 and 90,700 kg CO2e for Scope 2, resulting in a total of about 133,200 kg CO2e for these scopes. Wise has demonstrated a commitment to transparency in their emissions reporting, disclosing data for Scope 1, 2, and 3 emissions. However, there are currently no specific reduction targets or initiatives outlined in their reports. The absence of documented reduction targets suggests that while Wise is actively measuring their carbon footprint, they have yet to establish formal commitments to reduce emissions over time. Overall, Wise's emissions data reflects their ongoing efforts to understand and manage their environmental impact, with a focus on comprehensive reporting across all relevant scopes.
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| 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 participating in some 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.
