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 64 is higher than 99% 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 2024, Wise reported total carbon emissions of approximately 139,100 kg CO2e for Scope 1 and 2 combined, with Scope 2 emissions alone accounting for about 93,600 kg CO2e. This marks a significant commitment to transparency in their carbon footprint, as they have disclosed emissions across all relevant scopes. Globally, Wise's total emissions reached about 60,680,000 kg CO2e, with Scope 3 emissions making up the majority at approximately 60,445,000 kg CO2e. This includes significant contributions from business travel (about 18,377,000 kg CO2e) and purchased goods and services (approximately 30,036,000 kg CO2e). Wise has set ambitious climate commitments, aiming for net zero emissions by 2030 across all scopes. This commitment includes specific targets for both Scope 1 and Scope 2 emissions, indicating a comprehensive approach to reducing their carbon footprint. They plan to utilise carbon removals to offset a portion of their emissions and invest in projects that align with their sustainability mission. Overall, Wise's proactive stance on climate action reflects a growing trend in the industry towards accountability and sustainability, positioning them as a leader in carbon reduction initiatives.
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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.
