Wise PLC
Wise's GHG Emissions Data Preview
In 2023, Wise 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), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
Wise has also provided a category-level breakdown for 7 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| 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.  | 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. | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | 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. | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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Verified Sources Behind Wise’s Greenhouse Gas (GHG) Emissions Data
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Insights into Wise's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of Wise amounted to 868 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 2021, the total operational greenhouse gas (GHG) emissions of Wise decreased by 1.06%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
Wise's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are Wise's Scope 1 emissions?
In 2023, the total Scope 1 emissions of Wise were 221 metric tons of CO₂ equivalent (tCO₂e). a
Has Wise reduced its Scope 1 emissions over time?
Since 2020, Wise's Scope 1 emissions have increased by 87.77%, reflecting a rising long-term trend in Scope 1 emissions over time. a b
Compared to the previous year (2021), Wise's Scope 1 emissions increased by 53.15%, suggesting that the company faced challenges in reducing emissions from its directly owned or controlled operations. a
What are Wise's Scope 2 emissions?
In 2023, Wise reported Scope 2 greenhouse gas (GHG) emissions of 801 tCO₂e using the market-based method and 647 tCO₂e using the location-based method. a
Has Wise reduced its Scope 2 emissions over time?
Since 2020, Wise's Scope 2 greenhouse gas (GHG) emissions (Location-Based) have remained relatively stable, indicating that Wise 's emissions have plateaued with no significant change in its energy consumption footprint. a b
Compared to the previous year (2021), Wise's Scope 2 emissions (Location-Based) fell by 11.73% 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 Wise use for Scope 2 reporting?
In 2023, Wise reported its Scope 2 emissions using the market-based method and using the location-based method. a
Wise's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into Wise's Value Chain Emissions
In 2023, Wise reported 30,669 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2023 disclosure of Wise includes a breakdown across 7 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in 2021, reflecting improved emissions accounting practices and greater transparency across the company's value chain a
Wise's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are Wise's Scope 3 emissions?
In 2023, Wise reported total Scope 3 emissions of 30,669 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment. a
What categories of Scope 3 emissions does Wise disclose?
In 2023, Wise reported emissions for 7 out of the 15 Scope 3 categories defined by the GHG Protocol. a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of Wise's Scope 3 emissions?
In 2023, the largest contributors to Wise's Scope 3 emissions were: a
- Purchased Goods and Services (Cat. 1): 16,358 tCO₂e (53.34%)
- Business Travel (Cat. 6): 9,755 tCO₂e (31.81%)
- Employee Commuting (Cat. 7): 2,777 tCO₂e (9.05%)
Wise's Scope 3 Emissions by Categories
Insights into Wise’s GHG Emissions Intensity Compared to Industry Peers
In 2023, Wise reported Scope 1 greenhouse gas (GHG) emissions of 221 tCO₂e and total revenues of USD 1,222 millions. This translates into an emissions intensity of 0.18 tCO₂e per millions USD. a
Wise's Scope 1 Emissions Intensity Compared to Peers
How does Wise's GHG emissions intensity compare to its peers?
In 2023, Wise reported a Scope 1 emissions intensity of 0.18 tCO₂e per millions USD. Compared to the peer group median of 0.6, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does Wise rank on GHG emissions intensity within its industry?
In 2023, Wise ranked 3 out of 20 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
This places Wise among the top performers, with one of the lowest emissions intensities relative to peers. a
Insights into Wise's Total Carbon Footprint
In 2023, Wise reported a total carbon footprint of 31,537 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 3,494.78% increase compared to 2021, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to Wise's total carbon footprint was Scope 3 emissions, accounting for 97.25% of the company's total carbon footprint, followed by Scope 2 emissions at 2.05%. a