- Regulatory change in the international payments market.
- Regulatory compliance requirements.
- Information technology risks (damage, equipment faults, cyber-attacks).
- Data security and privacy risks.
- Relationships with banking counterparties.
- Mistaken payments.
- Fraud.
- Foreign exchange rate fluctuations.
- Credit risk.
- Liquidity risk.
OFX Group Limited
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, OFX Group Limited disclosed greenhouse gas emissions of 8.6K tCO2e/year (excluding Firma). By scope: Scope 1: 0 tCO2e/year; Scope 2: 248.05 tCO2e/year; Scope 3: 8.3K tCO2e/year. 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
8.6K tCO2e/year (excluding Firma)
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). | 0 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 248.05 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 8.3K tCO2e/year |
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 | 8.6K tCO2e/year (excluding Firma) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Engaged an independent carbon emissions management consultant to calculate and report on scope 1, 2, and upstream scope 3 carbon emissions.
- Significantly reduced office space globally (21.6%).
- Launched a technology hardware recycling program with an Australian First Nation’s charity.
🎯 Climate & Sustainability Targets
🔜 Short-term
- Maintain the time taken to action client complaints at 2 business days.
- Achieve 95% of all employees & contractors trained in privacy each year.
- Achieve 95% fraud training for employees.
- Achieve 97% OFX fraud preventions.
- Maintain <=5 P1 cyber incidents.
📅 Medium-term
- Perform a materiality assessment to identify high-priority, high-impact areas.
- Include Firma legacy business into carbon emission calculations.
- Harness operational changes for carbon emission reduction and make use of carbon offsets.
🔭 Long-term
- Reach Net Zero and become Climate Active Certified.
🌱 ESG Focus Areas
Investing in a sustainable futureEmpowering people globally and locallyGlobal financial responsibility