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 31 is higher than 56% 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 2024, Zip Co reported total carbon emissions of approximately 23,143,100 kg CO2e, with Scope 2 emissions accounting for about 140,700 kg CO2e (location-based) and 6,200 kg CO2e (market-based). The majority of their emissions, approximately 23,136,900 kg CO2e, fell under Scope 3, indicating significant indirect emissions associated with their value chain. In 2023, the company’s total emissions were about 26,785,000 kg CO2e, with Scope 2 emissions at approximately 205,500 kg CO2e (location-based) and 46,900 kg CO2e (market-based), while Scope 3 emissions were around 26,738,100 kg CO2e. This reflects a reduction in total emissions from 2023 to 2024. In 2022, Zip Co's emissions were reported at about 10,503,400 kg CO2e, with Scope 2 emissions of approximately 342,500 kg CO2e (location-based) and 192,100 kg CO2e (market-based), and Scope 3 emissions at around 10,303,200 kg CO2e. The company’s emissions in 2021 were approximately 4,288,960 kg CO2e, with Scope 2 emissions of about 43,530 kg CO2e and Scope 3 emissions of around 4,245,460 kg CO2e. Despite these figures, Zip Co has not established specific reduction targets or climate pledges, indicating a potential area for future commitment. The absence of cascaded data suggests that their emissions reporting is independent, with no inherited targets from a parent organisation. Overall, Zip Co's emissions data highlights a significant reliance on Scope 3 emissions, which are critical for understanding their overall environmental impact.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | - | - | - | - |
| 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.
