Here's what we do to help the planet
Sustainability at Revolut
At Revolut, weāre changing the way people use and interact with technology, and shaping the future of financial and lifestyle experiences. But a company for the future needs to holistically align with the needs of the future ā not just the economic needs, but also the environmental and societal needs of the world around us. So weāre on a mission to put global sustainability at the heart of all we do at Revolut.
Tackling climate change
Climate change is a reality we all have to face, and we all have a responsibility to the wellbeing of our communities and the recovery of our planet. As weāre building the global app for all things money, we want to make sure that we do so sustainably, and that our customers keep control of their impact on the environment, by reducing our own impact as much as possible.
Measuring our carbon footprint
We offer all our services digitally and we donāt have physical branches, which allows us to limit the emissions from our facilities. Nonetheless, our regular business activities still contribute to climate change, which is why weāve partnered with Watershed to help us measure our carbon footprint in real-time, establish clear strategies to reduce our impact in every aspect of our business, and report on those emissions. We measure our carbon footprint in line with industry standards, following the Greenhouse Gas Protocol, and including all Scope 1, 2, and 3 emissions in our calculations.
Discover WatershedCarbon footprint
Our emissions
- 1
Scope 1
Direct emissions ā less than 1% of our footprint.
- 2
Scope 2
Indirect emissions, for example, the emissions associated with the production of the electricity we purchase ā less than 2% of our footprint.
- 3
Scope 3
Emissions owned by our suppliers that Revolut doesnāt directly own ā circa 98% of our footprint.
Carbon footprint breakdown
Our net corporate emissions for 2022 were 37,170 metric tons of CO2e
Below is a breakdown of our 2022 carbon footprint by major category. As our company is still growing fast we want to give everyone visibility on how the efficiency of our operations evolve. Weāll report our footprint in tCO2e per Ā£1 million revenue, and aim at reducing both our carbon footprint and carbon footprint/revenue. Our 2022 carbon footprint was 40tCO2e per Ā£1 million revenue.
CO2e footprint by category (2022)
CHART CATEGORIES ā¢ Goods & Services are the emissions related to the goods and services we buy from our vendors ā¢ Products are the services we offer to our customers ā¢ Offices accounts for our office space around the world ā¢ Employees illustrates the footprint generated by employees working from home, commuting, etc. ā¢ Cloud is linked to our use of cloud computing platforms
Reducing our impact
We have taken a number of steps to reduce our carbon footprint: ā¢ We closed 1 of the 3 floors in our Krakow office. ā¢ The energy used at our London and Vilnius offices continues to come from 100% renewable sources. ā¢ Our employees worldwide continue to have flexible work options, such as the choice to work from home. ā¢ Those employees going into the office in London benefitted from the Cycle to Work scheme. ā¢ We continue proactive waste management practices, including waste sorting and recycling in the offices, reusing electronic equipment where possible, and donating or refurbishing used equipment.
Learn about Cycle to Work
Partnerships and donations
We make it easy for our customers to be part of the change. We constantly support and run donation campaigns to non-government organisations (NGOs) and groups that engage in support to stop climate change, help war refugees, and advocate equal rights for everyone. Weāve been working with global and local sustainability charity partners such as WWF, Rainforest Alliance, or Open Cages, helping them to raise funds through Revolut Donations platform. Want to take part in the action? See our careers page.
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