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 | 2021-2019 |
|---|---|---|---|---|
Total Scope 1 | 219a | 1,246b | 1,506b | |
Total Scope 2 | ||||
Market-Based | 4,182a | 3,204b | 4,151b | |
Location-Based | 4,031a | 3,240b | 4,182b | |
Total Scope 3 | N/A | N/A | N/A | |
Total Scope 1 Revenue Intensity (tCO2e/$M) | 0.0833a | 0.489b | 0.6407b |
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In 2024, the total operational greenhouse gas (GHG) emissions of WEX amounted to 4,250 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 2023, the total operational greenhouse gas (GHG) emissions of WEX decreased by 5.26%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
In 2024, the total Scope 1 emissions of WEX were 219 metric tons of CO₂ equivalent (tCO₂e).a
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
In 2024, WEX reported Scope 2 greenhouse gas (GHG) emissions of 4,182 tCO₂e using the market-based method and 4,031 tCO₂e using the location-based method.a
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
In 2024, WEX reported its Scope 2 emissions using the market-based method and using the location-based method.a
In 2024, WEX reported Scope 1 greenhouse gas (GHG) emissions of 219 tCO₂e and total revenues of USD 2,629 millions. This translates into an emissions intensity of 0.08 tCO₂e per millions USD.a
In 2024, WEX reported a Scope 1 emissions intensity of 0.08 tCO₂e per millions USD. Compared to the peer group median of 0.25, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
In 2024, WEX ranked 5 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD).a
This places WEX among the top performers, with one of the lowest emissions intensities relative to peers.a