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 96% 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 specific emissions of 221,000 kg CO2e from Scope 1 and 647,000 kg CO2e from Scope 2. The company also disclosed significant Scope 3 emissions, amounting to about 30,669,000 kg CO2e, which includes categories such as purchased goods and services (16,358,000 kg CO2e) and business travel (9,775,000 kg CO2e). For the UK operations in 2023, Wise's emissions totalled around 133,200 kg CO2e, with Scope 1 emissions at 42,400 kg CO2e and Scope 2 emissions at 90,700 kg CO2e. Wise has not set specific reduction targets or initiatives as part of their climate commitments, indicating a potential area for future development in their sustainability strategy. The absence of documented reduction targets suggests that while Wise is actively measuring its emissions, it may need to enhance its climate action framework to align with industry standards and expectations.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 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.
