WEX Inc

Common Name
WEX
Country
United States
Sector
Technology
Industry
Software - Infrastructure
Employees
6,500
Ticker
WEX
Exchange
NEW YORK STOCK EXCHANGE, INC.
Description
Wex Inc. is a provider of modern payment processing and information management services. Primarily serving the corporate sector, Wex Inc. offers solutions that optimize fleet management, travel, and h...

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)2024202320222021 - 2017
Total Scope 1
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Total Scope 2
Market-Based
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Location-Based
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Total Scope 3
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This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.

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).

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.

WEX's Scope 1 Emissions Over Time

2019202020212022202305001 k1.5 k2 ktCO2e+2%+3%-24%-17%
  • 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 COâ‚‚ equivalent (tCOâ‚‚e).

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.

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.

What are WEX's Scope 2 emissions?

In 2023, WEX reported Scope 2 greenhouse gas (GHG) emissions of 3,204 tCOâ‚‚e using the market-based method, and 3,240 tCOâ‚‚e using the location-based method.

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.

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.

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.

WEX's Scope 2 Emissions Over Time

2019202020212022202302 k4 k6 k8 ktCO2e
  • Total Scope 2 Location-Based
  • Total Scope 2 Market-Based