- Reducing Scope 3 emissions
- Maintaining competitiveness in the talent market
- Managing climate transition risks and opportunities
WEX Inc.
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, WEX Inc. disclosed greenhouse gas emissions of 4.5K tCO2e (location based) / 4468 tCO2e (market based). By scope: Scope 1: 1.3K tCO2e; Scope 2: 3.2K tCO2e (location based) / 3204 tCO2e (market based). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
4.5K tCO2e (location based) / 4468 tCO2e (market based)
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 1.3K tCO2e |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 3.2K tCO2e (location based) / 3204 tCO2e (market based) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2023 | 4.5K tCO2e (location based) / 4468 tCO2e (market based) |
| 2022 | 5.7K tCO2e/year (Market based) |
| 2021 | 7.0K tCO2e (Location based) / 7531 tCO2e (Market based) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced Scope 1 and 2 greenhouse gas (GHG) emissions by approximately 21.0% from 2022 to 2023
- Achieved cloud migration goal and made progress against data center consolidation initiative, reducing energy use by 73.3% since 2019
🎯 Climate & Sustainability Targets
🔜 Short-term
- Consolidate data centers to five by the end of 2024
📅 Medium-term
- Invest up to $100 million through 2025 in companies focused on electric mobility
🌱 ESG Focus Areas
Environmental StewardshipEnvironmental InnovationPeople & CultureSocial ImpactGovernance