Here's what we do to help the planet 🌎
Sustainability at Revolut
At Revolut, we’re 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 - not just the economic needs, but also the environmental and societal needs of the world around us. So we’re 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 we’re building the first truly global financial super app, 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. We’re committed to driving change and we’re proud to have joined Tech Zero in 2021, an initiative gathering British and global tech companies ready to fight the climate crisis through technology, data and science.
Measuring our carbon footprint
We offer all our services digitally and we don’t have physical branches, which allows us to keep the emissions from our facilities’ usage limited. Nonetheless, our regular business activities still contribute to climate change, which is why we’ve 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.
- 1Scope one
Direct emissions - less than 1% of our footprint
- 2Scope two
Indirect emissions, for example, the emissions associated to the production of the electricity we purchase - less than 3% of our footprint
- 3Scope three
Emissions owned by our suppliers that Revolut doesn’t directly own - circa 97% of our footprint
Carbon footprint breakdown
Our net corporate emissions for 2021 were 16,833 metric tons of CO2e, down 8.61% from 2020
Below is a breakdown of our 2021 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 over time. We’ll report our footprint in tCO2e per £1 million revenue, and aim at reducing both our carbon footprint and carbon footprint/revenue. Our 2021 carbon footprint was 26tCO2e per £1 million revenue. It dropped by over 68% compared to 2020.
CO2e footprint by category (2021)
Our 2021 carbon footprint/revenue dropped by 68% compared to 2020
• Goods & Services are the emissions related to the goods and services we buy from our vendors • Products are the services we offer to our customers • Offices accounts for our office space around the world • Employees illustrates the footprint generated by employees working from home, commuting, etc. • 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: • Clear waste management procedures allowing for sorting and recycling of general waste across locations. • Strict e-waste management (meaning discarded electrical and electronic technologies); whenever possible, we donate or refurbish any redundant electronic equipment when it reaches its end-of-life. If it cannot be refurbished or reused, we rely on the services of a trusted global partner to recycle e-waste and ensure none of it is directed to landfill. • We’ve introduced a sustainable business travel policy to reduce and compensate emissions linked to such travel. • Energy used at our London and Vilnius offices is from 100% renewable sources. We expect our policy to expand to other areas as we grow. • We closed one floor of our London head office to reduce energy consumption. • All United Kingdom employees also have access to the Cycle to Work scheme to encourage the use of environmentally friendly transport.
Partnerships and donations
We make it easy for our customers to be part of the change. We constantly support and run donation campaigns to NGOs and groups that engage in support to stop climate change, help war refugees and advocate equal rights for everyone. We’ve been cooperating with global and local sustainability charity partners such as WWF, Rainforest Alliance or Open Cages, helping them to raise funds through Revolut Donations platform. Did you know that Revolut’s customers have donated over £1 million to green, sustainability and climate charities? And they're not done yet!