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 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Zip Co's reported carbon emissions
In 2023, Zip Co reported total carbon emissions of approximately 26,785,000 kg CO2e, with Scope 1 emissions at about 8,100 kg CO2e, Scope 2 emissions (market-based) at approximately 46,900 kg CO2e, and Scope 3 emissions making up the majority at around 26,738,100 kg CO2e. This marked a significant increase from 2022, where total emissions were about 10,503,400 kg CO2e. Looking at the previous year, 2022's emissions included approximately 8,100 kg CO2e in Scope 1, about 192,100 kg CO2e in Scope 2 (market-based), and around 10,303,200 kg CO2e in Scope 3. The trend indicates a substantial rise in emissions, particularly in Scope 3, which is often the largest contributor for companies in the financial services sector. For 2024, Zip Co's projected emissions are approximately 23,143,100 kg CO2e, with Scope 2 emissions (market-based) expected to be around 6,200 kg CO2e and Scope 3 emissions at about 23,136,900 kg CO2e. Despite these figures, Zip Co has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. This lack of formal commitments may reflect broader industry challenges in addressing carbon emissions, particularly in the financial sector, where Scope 3 emissions can be significantly influenced by external factors. Overall, while Zip Co's emissions data highlights the company's current carbon footprint, the absence of clear reduction strategies raises questions about its long-term climate commitments.
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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 committed to any 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.
