ENVIRONMENTAL SUSTAINABILITY
Our Impact
Euronet is committed to continuously improving its processes and reducing its environmental impact. This includes investing in vendors and agents who are aligned with Euronet’s values and seeking operational and office facilities that prioritize energy efficiency and environmental consideration.
The company’s revenues are influenced by climate change and global social economies. A substantial portion of our revenues and services are derived from tourism and consumer spending. Thus, the impact of climate change, including fires, floods, droughts, and extreme weather events, poses a risk to Euronet’s revenue-generating activities and overall financial health in the long run.
Additionally, the tourism industry attracts immigrants seeking opportunities to earn money and support their families back home, which presents a positive opportunity for the company’s financial performance. Given these factors, Euronet has a vested interest in monitoring and addressing current climate change and environmental health issues worldwide.
Our commitment to these matters affects the company’s bottom line, and we are taking action to contribute to minimizing global climate change.
Positive environmental impacts
- Our ATMs have the capability for customers and merchants to fill the ATM with cash and reduce travel to bank branches.
- Our epay electronic payment solutions enable digital distribution of content to eliminate travel to merchant stores and provide payment opportunities for entertainment and educational content to people’s doorstep.
- Our Money Transfer segment provides digital remittance solutions to eliminate travel requirements of sending cash. As a provider of financial technology solutions and payments, we recognize the limited environmental impact of our business and operations.
As a provider of financial technology solutions and payments, we recognize the limited environmental impact of our business and operations.
Nevertheless, we remain steadfast in our commitment to minimizing our ecological footprint through a comprehensive Energy Transition Plan. We strive to leverage the latest technological and operational efficiencies to reduce our energy consumption and greenhouse gas emissions.
Staying Proactive
Workplace
Euronet also practices environmental responsibility in our workplaces. Our commitment to sustainability extends beyond digital means, as we actively seek to reduce waste by purchasing recycled products and offering recycling systems to employees for paper, plastic, aluminum, glass, and other materials where available.
Moreover, we have implemented innovative technologies, such as motion and light sensors, as well as climate controls, to decrease electricity consumption in unoccupied areas. We aim to integrate low or renewable energy devices, such as LED light bulbs, wherever possible, furthering our commitment to a sustainable future. Consequently, most of the revenues stems from providing electronic and digital services, rather than engaging in the production and sale of physical goods.
Fossil Fuels
Apart from fossil fuels, timber, and water resources utilized for heating, air conditioning, and sanitation management in our office operations, retail locations, and ATMs, Euronet’s operational practices typically do not involve the consumption of fossil fuels, timber, or water.
Offsetting Emissions
Considering Euronet’s operational activities, environmental risks associated with impact are comprised of energy consumption to operate systems and production of electronic waste through usage. The company undertakes conservation initiatives in forestry to offset the CO2 emissions generated.