Zip Co
Zip Co, commonly known as Zip, is a leading Australian fintech company headquartered in Sydney, Australia. Founded in 2013, Zip has rapidly established itself in the buy now, pay later (BNPL) industry, offering innovative payment solutions that empower consumers and merchants alike. With a strong presence across Australia and New Zealand, Zip provides flexible payment options that enhance the shopping experience. The company’s core services include interest-free instalment plans and digital wallets, setting it apart with a user-friendly interface and seamless integration for retailers. Notable achievements include significant partnerships with major retailers and a growing customer base, positioning Zip as a key player in the evolving financial landscape. As a pioneer in the BNPL sector, Zip continues to redefine how consumers manage their spending while promoting responsible financial practices.
DitchCarbon Score
How does Zip Co'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
Zip Co's score of 41 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Zip Co's reported carbon emissions
In 2023, Zip Co reported total carbon emissions of approximately 26,785,000 kg CO2e. This figure includes 8,100 kg CO2e from Scope 1 emissions, 46,900 kg CO2e from Scope 2 emissions (market-based), and a significant 26,738,100 kg CO2e from Scope 3 emissions. The previous year, 2022, saw total emissions of about 10,503,400 kg CO2e, with Scope 1 emissions at 8,100 kg CO2e, Scope 2 emissions at 192,100 kg CO2e (market-based), and Scope 3 emissions at 10,303,200 kg CO2e. In 2021, Zip Co's total emissions were approximately 4,288,960 kg CO2e, with Scope 2 emissions contributing 43,530 kg CO2e and Scope 3 emissions accounting for 4,245,460 kg CO2e. Despite the increase in total emissions over the years, there are currently no disclosed reduction targets or climate pledges from Zip Co. The company continues to monitor its emissions across all scopes, focusing on transparency in its reporting.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | - | 0,000 | 0,000 | - |
| Scope 2 | 43,530 | 000,000 | 00,000 | 0,000 |
| Scope 3 | 4,245,460 | 00,000,000 | 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.
Zip Co is not participating in any 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.
