Funding Circle
Funding Circle, a leading online marketplace for business loans, is headquartered in the United Kingdom and operates across major regions including the US, Germany, and the Netherlands. Founded in 2010, the company has revolutionised the way small businesses access finance, connecting them directly with investors seeking to lend. Specialising in peer-to-peer lending, Funding Circle offers a range of loan products tailored to the needs of small and medium-sized enterprises (SMEs). Its unique platform allows for quick and efficient loan approvals, setting it apart in the competitive fintech landscape. With over £10 billion lent to businesses globally, Funding Circle has established itself as a market leader, recognised for its commitment to supporting the growth of SMEs and driving economic development.
DitchCarbon Score
How does Funding Circle's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Funding Circle's score of 37 is higher than 86% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Funding Circle's reported carbon emissions
In 2023, Funding Circle reported total carbon emissions of approximately 3,000,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 9,217,000 kg CO2e. The breakdown of emissions includes Scope 1 emissions of about 108,000 kg CO2e and Scope 2 emissions of approximately 190,000 kg CO2e (market-based). Over the years, Funding Circle has shown fluctuations in its emissions, with a total of about 640,000 kg CO2e in 2019, increasing to approximately 731,000 kg CO2e in 2020, and then decreasing to about 585,000 kg CO2e in 2021. In 2022, emissions were reported at around 630,000 kg CO2e. Despite these figures, there are currently no specific reduction targets or initiatives disclosed by Funding Circle, indicating a potential area for improvement in their climate commitments. The company has disclosed emissions across Scopes 1, 2, and 3, reflecting a comprehensive approach to understanding its carbon footprint. Overall, while Funding Circle has made strides in tracking its emissions, the absence of defined reduction targets suggests a need for more robust climate action strategies moving forward.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 147,000 | 000,000 | 000,000 | 00,000 | 000,000 |
| Scope 2 | 493,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | - | 00,000 | 000,000 | 000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Funding Circle is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
