Xoom Corporation Sustainability Profile
Xoom Corporation, a subsidiary of PayPal, is a leading digital remittance service headquartered in the United States. Founded in 2001, Xoom has established itself as a key player in the financial technology industry, specialising in fast and secure money transfers across the globe. With a strong presence in major operational regions including North America, Latin America, and parts of Asia, Xoom offers a unique blend of services that cater to the needs of individuals and businesses alike. The company’s core offerings include international money transfers, bill payments, and mobile top-ups, all designed to provide users with a seamless experience. Xoom's commitment to speed and reliability has earned it a notable position in the market, with millions of customers relying on its services for their financial transactions. As a pioneer in the digital remittance space, Xoom continues to innovate, ensuring that sending money abroad is both convenient and efficient.
DitchCarbon Score
How does Xoom Corporation'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 Services Auxiliary to 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
Xoom Corporation's score of 82 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Xoom Corporation, headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. However, the company is a current subsidiary of PayPal Holdings, Inc., which has established significant climate commitments and reduction targets that may influence Xoom's environmental strategies. As part of its corporate family, Xoom inherits climate initiatives from PayPal, which has set science-based targets through the Science Based Targets initiative (SBTi) and participates in the Carbon Disclosure Project (CDP). These initiatives aim to reduce greenhouse gas emissions across various scopes, including Scope 1, 2, and 3 emissions, although specific figures for Xoom are not available. While Xoom Corporation has not outlined its own reduction targets or climate pledges, it is positioned within a corporate structure that prioritises sustainability and climate action. The cascading of climate commitments from PayPal Holdings, Inc. suggests a framework for future emissions reporting and reduction initiatives that Xoom may adopt.
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| 2017 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 9,445,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 63,188,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 20,838,000 | - | 00,000,000 | 000,000,000 | 000,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Xoom Corporation's Industry?
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Xoom Corporation's Scope 3 Categories Breakdown
Xoom Corporation's Scope 3 emissions, which decreased by 8% last year and increased significantly since 2017, 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 "Purchased Goods and Services" being the largest emissions source at 82% of Scope 3 emissions.
Top Scope 3 Categories
Xoom Corporation'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.
Xoom Corporation 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.
