WEX Inc
WEX's GHG Emissions Data Preview
In 2023, WEX completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources) and Scope 2 (indirect emissions from purchased energy).
However, WEX has not published a category-level breakdown of its Scope 3 emissions, limiting visibility into specific value chain sources.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Verified Sources Behind WEX’s Greenhouse Gas (GHG) Emissions Data
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Insights into WEX's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of WEX amounted to 4,486 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2). a
Compared to 2022, the total operational greenhouse gas (GHG) emissions of WEX decreased by 21.13%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
WEX's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are WEX's Scope 1 emissions?
In 2023, the total Scope 1 emissions of WEX were 1,246 metric tons of CO₂ equivalent (tCO₂e). a
Has WEX reduced its Scope 1 emissions over time?
Since 2019, WEX's Scope 1 emissions have decreased by 34.52%, reflecting a declining long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2022), WEX's Scope 1 emissions decreased by 17.26%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are WEX's Scope 2 emissions?
In 2023, WEX reported Scope 2 greenhouse gas (GHG) emissions of 3,204 tCO₂e using the market-based method and 3,240 tCO₂e using the location-based method. a
Has WEX reduced its Scope 2 emissions over time?
Since 2019, WEX's Scope 2 greenhouse gas (GHG) emissions ( Location-Based) have decreased by 49.99%, reflecting a declining long-term trend in Scope 2 emissions over time. a b
Compared to the previous year (2022), WEX's Scope 2 emissions (Location-Based) fell by 22.53% in 2023, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a
What methodology does WEX use for Scope 2 reporting?
In 2023, WEX reported its Scope 2 emissions using the market-based method and using the location-based method. a
WEX's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into WEX’s GHG Emissions Intensity Compared to Industry Peers
In 2023, WEX reported Scope 1 greenhouse gas (GHG) emissions of 1,246 tCO₂e and total revenues of USD 2,548 millions. This translates into an emissions intensity of 0.49 tCO₂e per millions USD. a
WEX's Scope 1 Emissions Intensity Compared to Peers
How does WEX's GHG emissions intensity compare to its peers?
In 2023, WEX reported a Scope 1 emissions intensity of 0.49 tCO₂e per millions USD. Compared to the peer group median of 0.23 , this places the company above its industry benchmark, indicating it is less carbon-efficient than most competitors. a
Where does WEX rank on GHG emissions intensity within its industry?
In 2023, WEX ranked 20 out of 23 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places WEX among the least efficient performers, with one of the highest emissions intensities in its sector. a