Environmental Sustainability
Understanding Our
Scope 1, 2 & 3 Analysis
Our dedication to environmental sustainability spans the whole value chain and begins with controlling the effects of our own operations. This entails cutting waste, lowering greenhouse gas (GHG) emissions overall, and cooperating with our suppliers to cut their emissions as well.
2024
2023
2022
Our emission intensity (scope 1 and scope 2 per million dollars of revenue) was 12.31 for 2022 and 11.82 for 2023. The emission intensity for 2023 decreased 4% compared to 2022. Our Scope 2 emissions are calculated on a market-based assumption.
Results are calculated on a spend-based and activity-based carbon footprint platform. The outcomes of our examination of the hazards associated with climate change are now being used and incorporated into our business procedures via our Energy Transition Plan.
Euronet places a high priority on communicating our climate risk strategy and progress on a frequent basis because we think that being open and honest about our experiences and climate mitigation developments will benefit our clients and the industry as a whole.
Euronet operations are very low energy consumers. Our energy and other utilities costs are less than 0.1% of our total revenues.
Through concerted efforts, Euronet actively contributes to mitigating the planet’s increasing core temperature by minimizing CO2 emissions from its operations. This objective is to align our efforts with the target set by the United Nations Intergovernmental Panel on Climate Change (IPCC) to limit global warming to 1.5° Celsius.
Reduction of Energy Consumption
Several primary energy-conserving strategies employed by Euronet include utilizing deposit-taking ATMs to reduce the number of vehicle trips necessary to refill ATMs, implementing seasonal deactivation of ATM equipment, transitioning from traditional funds transfer methods to digital money transfers and distribution, conserving paper by opting for digital receipts in daily ATM transaction activities, and utilizing energy-efficient equipment and devices incorporated within its corporate, branch, and satellite offices. Euronet also involves merchants and corporate customers to actively participate in the cash filling and upkeep of the ATMs, as a proactive approach to reducing carbon emissions associated with unnecessary travel between financial institutions to enact basic financial services.