Wise Payments Limited Sustainability Profile
Wise Payments Limited, commonly known as Wise, is a leading financial technology company headquartered in Great Britain. Founded in 2011, Wise has revolutionised the way individuals and businesses transfer money internationally, offering a transparent and cost-effective alternative to traditional banking services. With a strong presence across Europe, North America, and Asia-Pacific, Wise operates in the fintech industry, specialising in cross-border payments and currency exchange. Its core product, the Wise Account, allows users to hold and manage multiple currencies with real-time exchange rates, setting it apart from competitors. Recognised for its innovative approach, Wise has achieved significant milestones, including millions of active users and billions in transferred funds. The company’s commitment to low fees and user-friendly technology has solidified its position as a trusted leader in the global payments landscape.
DitchCarbon Score
How does Wise Payments Limited'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 Payments Limited's score of 47 is higher than 68% 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 Payments Limited, headquartered in Great Britain, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Wise plc, which may influence its climate commitments and reporting practices. As of now, Wise Payments Limited has not established any documented reduction targets or climate pledges. The lack of specific emissions data and reduction initiatives suggests that the company may still be in the early stages of developing its climate strategy. Given the context of its parent organization, Wise plc, it is important to note that emissions data and climate initiatives may be cascaded from this higher level. However, specific details regarding Wise plc's emissions or climate commitments are not provided in the current data. In summary, Wise Payments Limited is yet to disclose its carbon emissions or set reduction targets, reflecting a potential area for future development in its sustainability efforts.
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| 2020 | 2021 | 2023 | 2024 | 2025 | |
|---|---|---|---|---|---|
| Scope 1 | 117,700 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 592,300 | 000,000 | 000,000 | 00,000 | 00,000 |
| Scope 3 | - | - | 00,000,000 | 00,000,000 | 000,000,000 |
How Carbon Intensive is Wise Payments Limited's Industry?
How Carbon Intensive is Wise Payments Limited's Location?
Wise Payments Limited's Scope 3 Categories Breakdown
Wise Payments Limited's Scope 3 emissions, which increased by 108% last year and increased by approximately 266% since 2023, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Capital Goods" being the largest emissions source at 42% of Scope 3 emissions.
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Wise Payments Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Wise Payments Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
