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WEX Inc
WEX's GHG Emissions Data Preview
In 2024, 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) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data. b | 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.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Verified Sources Behind WEX’s Greenhouse Gas (GHG) Emissions Data
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Insights into WEX's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofWEX amounted to4,250metric 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 2023, the total operational greenhouse gas (GHG) emissions of WEXdecreased by 5.26%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
WEX's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are WEX's Scope 1 emissions?
In 2024, the total Scope 1 emissions of WEX were 219 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has WEX reduced its Scope 1 emissions over time?
Since 2019, WEX's Scope 1 emissions have decreased by 88.49%, reflecting a declining long-term trend in Scope 1 emissions over time.ac
Compared to the previous year(2023), WEX's Scope 1 emissions decreased by 82.42%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab
What are WEX's Scope 2 emissions?
In 2024, WEX reported Scope 2 greenhouse gas (GHG) emissions of 4,182 tCOâ‚‚e using the market-based method and 4,031 tCOâ‚‚e 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 37.78%, reflecting a declining long-term trend in Scope 2 emissions over time.ac
Compared to the previous year(2023), WEX's Scope 2 emissions(Location-Based) rose by 24.41% in 2024, suggesting that the company faced challenges in reducing emissions from purchased electricity and energyab
What methodology does WEX use for Scope 2 reporting?
In 2024, 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 2024, WEX reported Scope 1 greenhouse gas (GHG) emissions of 219 tCOâ‚‚e and total revenues of USD 2,629 millions. This translates into an emissions intensity of 0.08 tCOâ‚‚e 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 2024, WEX reported a Scope 1 emissions intensity of 0.08 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.2, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does WEX rank on GHG emissions intensity within its industry?
In 2024, WEX ranked 6 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
WEX is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a