Western Union Sustainability Profile
Western Union Company, a leader in the financial services industry, is headquartered in the United States and operates extensively across North America, Europe, Asia, and Latin America. Founded in 1851, Western Union has evolved from a telegraph company to a global powerhouse in money transfer and payment services, marking significant milestones along the way. The company offers a range of core services, including international money transfers, bill payments, and money orders, distinguished by their extensive network of agents and locations worldwide. With a strong market position, Western Union is renowned for its reliability and speed, facilitating millions of transactions annually. Its commitment to innovation and customer service has solidified its reputation as a trusted name in cross-border payments, making it a preferred choice for individuals and businesses alike.
DitchCarbon Score
How does Western Union'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
Western Union's score of 44 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Western Union's reported carbon emissions
In 2023, Western Union reported total carbon emissions of approximately 11,301,000 kg CO2e, comprising 4,132,000 kg CO2e from Scope 1 and 7,169,000 kg CO2e from Scope 2 emissions. Additionally, the company recorded 2,166,000 kg CO2e in Scope 3 emissions related to purchased goods and services. This marks a reduction from 2022, where total emissions were about 12,953,000 kg CO2e, with Scope 1 emissions at 4,648,000 kg CO2e and Scope 2 emissions at 8,305,000 kg CO2e. Western Union has set ambitious climate commitments, aiming to reduce its Scope 1 and Scope 2 emissions to near zero by 2025. This near-term target reflects the company's commitment to achieving significant reductions in its operational carbon footprint. The initiatives are part of a broader strategy to enhance sustainability and address climate change impacts. The emissions data is not cascaded from any parent organization, indicating that these figures are independently reported by The Western Union Company. The company continues to focus on improving its environmental performance while maintaining transparency in its emissions reporting.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 4,828,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 7,297,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 828,000 | - | 0,000,000 |
How Carbon Intensive is Western Union's Industry?
How Carbon Intensive is Western Union's Location?
Western Union's Scope 3 Categories Breakdown
Western Union's Scope 3 emissions, which increased by 162% last year and increased by approximately 162% since 2021, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 16% of total emissions under the GHG Protocol, with "Purchased Goods and Services" representing nearly all of their reported Scope 3 footprint.
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Western Union'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.
Western Union 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.
