WEX Releases Second Environmental, Social and Governance Report Detailing Impact and Progress

Report demonstrates continued commitment to building a diverse, world-class talent base, driving environmental innovation, minimizing environmental impact and enhancing the health and well-being of communities, customers and employees

WEX, the global commerce platform that simplifies the business of running a business, published its second annual environmental, social and governance (ESG) report. The new analysis highlights WEX’s impact across 17 countries, 29 locations and more than 5,000 employees.

The report advances WEX’s ESG efforts organized around four core pillars – People and Culture, Environmental Innovation, Environmental Stewardship and Social Impact – alongside key governance practices.

“Over the past two years, I’ve seen how WEX and the customers and partners we serve around the world adapted swiftly to changes in our economies, our businesses and our communities,” said Melissa Smith, chair and chief executive officer of WEX. “WEX has the ability to be a positive force in our world, allowing our actions to open up possibilities for others. For this reason, we’ve established strong oversight from WEX’s Board of Directors and executive leadership team focused on where our unique assets and capabilities position WEX to be a successful, responsible leader, considering all of our stakeholders, including the environment and community.”

Marketing Technology News: MarTech Interview with Gilles Bertaux, Co-Founder & CEO, Livestorm

“Over the past two years, I’ve seen how WEX and the customers and partners we serve around the world adapted swiftly to changes in our economies, our businesses and our communities”

PUTTING PEOPLE FIRST: BUILDING A MORE INCLUSIVE CULTURE

Three years since the start of the COVID-19 pandemic, one of the clear lessons for employers is the importance of building a culture that attracts, develops and retains talent. In reflection of this reality, WEX has expanded and launched critical programs to foster a supportive, engaged culture including:

• Benefits: There’s no question that benefits are key to attracting and retaining talent, particularly initiatives to support mental health. To that end, WEX offers dedicated well-being campaigns and personal financial counseling, flexible ways of working, on-demand virtual fitness classes and unlimited confidential assistance.
• Learning and Leadership Development: Over the past three years, WEX has been focused on ensuring all employees, regardless of level, have ample opportunities to learn and grow their skills and maximize their potential as they grow their career. For People Leaders, our Thrive as a People Leader programs and Resource Center have been implemented to ensure a consistent experience for employees through increased manager effectiveness utilizing standardized ways of leading and supporting their teams and employees.
• Diversity, Equity and Inclusion (DEI): In early 2022, WEX’s Board of Directors approved WEX’s 2025 DEI goals to achieve gender parity in leadership roles and increase employees of color in the U.S. in leadership roles by 50 percent.

Marketing Technology News: Navigating The Role Of Identity Solutions For Publishers In The Programmatic Ecosystem

ADDRESSING CLIMATE CHANGE & IMPACTS

Few challenges are as critical — or critically important — as the anticipated transition to a low-carbon future, which requires widespread adoption of emerging technologies and the development of new resources to track and measure progress towards that end. For WEX, that means building on a legacy of innovation to drive change internally and across its client base.

• Energy Innovation: WEX is uniquely positioned to support the transition to electric vehicles (EVs) or other forms of efficient transport. As part of our commitment to execute on our roadmap to simplify the complexities of electrification, we are working with partners to create an expanded EV charging network. We are continuing to execute on our roadmap in order to ensure we are well positioned to provide comprehensive solutions for our customers and their future mixed fleet needs.
• Internal Stewardship: Understanding the importance of responsible environmental stewardship, WEX has also worked to lessen its own carbon footprint and, to provide transparency, publicly report its Scope 1 and Scope 2 CO₂. Furthermore, WEX is currently in the process of migrating many of its internal data centers to public cloud service providers. Through 2021, WEX closed 19 data centers, leading to an estimated 58 percent reduction in data center energy usage since 2019.