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. 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. In 2022, the company's total emissions were 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. For 2024, Zip Co's emissions are projected to be around 23,143,100 kg CO2e, with Scope 2 emissions (market-based) decreasing to 6,200 kg CO2e and Scope 3 emissions remaining the predominant contributor at approximately 23,136,900 kg CO2e. Despite these figures, Zip Co has not disclosed specific reduction targets or initiatives aimed at decreasing their carbon footprint. The absence of documented reduction strategies suggests a need for enhanced climate commitments in line with industry standards.
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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.
