Letter from our CEO
Over the past 35+ years, WEX has grown from a payment processing provider to a global leader in financial technology solutions. Our company vision is bringing the future of commerce to the present. We have consistently introduced products and services with one goal in mind: responsibly and sustainably enabling payments for millions of customers, partners, and end-users around the world and we do this through a culture that values: Integrity; Execution; Innovation; Relationships; and, Community.
As a result of our products and services, approximately 16 million vehicles across the globe have access to exceptional payment security and control, purchase volume in travel and corporate solutions was $20.9 billion in 2020, and our health division, which provides consumer-directed healthcare technology and services, reached an estimated 33.4 million U.S. consumers as of March 31, 2021.
With this responsibility in mind, we are pleased to share our inaugural Environmental, Social and Governance (ESG) Report, which utilizes the Sustainability Accounting Standards Board (SASB) framework to discuss our efforts and performance for fiscal year 2020. I am particularly proud of our longstanding efforts to champion diversity and inclusion, encapsulated in our motto, “Be You at WEX.” Our volunteerism and philanthropic endeavors, such as the WEX Compassion Fund and our “Month of Caring” initiative, illustrate our support of the local communities in which we operate. While our business has always been aligned with corporate and social responsibility, our ESG Report reflects WEX’s commitment to continuous improvement as we strive to become an even more sustainable and resilient business.
We have great efforts and initiatives underway, and we have a lot of important work ahead of us. As with everything we do at WEX, our core values of integrity, execution, innovation, relationships, and community will guide us. This inaugural report will be followed with periodic updates. We will establish clear and appropriate targets and goals that reflect our focus, and our commitment to transparency and enhanced disclosure. Though we are in the early stages of developing and articulating our ESG program, we are proud of the heritage and culture of WEX and the progress we have made. We welcome your input, collaboration, and support on the journey ahead.
Chair and Chief Executive Officer
May 26, 2021