WorldRemit Ltd Sustainability Profile
WorldRemit Ltd., headquartered in Great Britain, is a leading player in the digital remittance industry, specialising in international money transfers. Founded in 2010, the company has rapidly expanded its operations across key regions, including Europe, North America, Africa, and Asia, establishing a strong presence in over 130 countries. WorldRemit offers a range of services, including online money transfers, mobile top-ups, and bill payments, all designed to provide a secure and convenient alternative to traditional cash-based remittance methods. Its unique platform allows users to send money instantly via their smartphones or computers, making it a preferred choice for millions of customers worldwide. With a commitment to innovation and customer satisfaction, WorldRemit has achieved significant milestones, including numerous awards for its services and technology. As a pioneer in the digital remittance space, the company continues to shape the future of international money transfers.
DitchCarbon Score
How does WorldRemit Ltd'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
WorldRemit Ltd's score of 29 is lower than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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WorldRemit Ltd's reported carbon emissions
In 2019, WorldRemit Ltd reported total carbon emissions of approximately 28,931,000 kg CO2e. This figure includes Scope 1 emissions of about 6,600,000 kg CO2e, primarily from mobile combustion (approximately 5,615,000 kg CO2e) and stationary combustion (about 985,000 kg CO2e). Scope 2 emissions accounted for around 6,172,000 kg CO2e, while Scope 3 emissions were significantly higher at approximately 17,433,000 kg CO2e, with business travel contributing about 14,439,000 kg CO2e. The company has not disclosed any specific reduction targets or initiatives, nor does it appear to have cascaded data from a parent organization. WorldRemit Ltd's emissions data reflects a comprehensive approach to measuring its carbon footprint across all three scopes, indicating a commitment to transparency in its environmental impact. However, without defined reduction targets or climate pledges, the company's future climate commitments remain unclear.
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| 2015 | 2016 | 2017 | 2018 | 2019 | |
|---|---|---|---|---|---|
| Scope 1 | 12,400,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 33,344,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 10,698,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is WorldRemit Ltd's Industry?
How Carbon Intensive is WorldRemit Ltd's Location?
WorldRemit Ltd's Scope 3 Categories Breakdown
WorldRemit Ltd's Scope 3 emissions, which decreased by 13% last year and increased by approximately 63% since 2015, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 58% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 83% of Scope 3 emissions.
Top Scope 3 Categories
WorldRemit Ltd'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.
WorldRemit Ltd 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.
