Barracuda FX
Barracuda FX, a leading provider of financial technology solutions, is headquartered in London, UK, with significant operations across Europe, North America, and Asia. Founded in 2004, the company has established itself in the foreign exchange and capital markets industry, focusing on innovative software solutions that enhance trading efficiency and risk management. Barracuda FX offers a suite of core products, including its flagship FX trading platform, which is renowned for its unique capabilities in automating workflows and providing real-time analytics. The company has achieved notable milestones, such as securing partnerships with major financial institutions and consistently being recognised for its contributions to the fintech landscape. With a strong market position, Barracuda FX continues to drive advancements in trading technology, catering to the evolving needs of its clients.
DitchCarbon Score
How does Barracuda FX'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 Computer Services 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
Barracuda FX's score of 35 is higher than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Barracuda FX's reported carbon emissions
In 2023, Barracuda FX reported total carbon emissions of approximately 13.5 million tonnes CO2e from Scope 1, 8.4 million tonnes CO2e from Scope 2 (market-based), and about 20.4 million tonnes CO2e from Scope 3 emissions. This reflects a slight increase in Scope 1 emissions compared to 2022, where they were around 11.6 million tonnes CO2e, while Scope 2 emissions decreased from approximately 10.7 million tonnes CO2e in 2022. Over the years, Barracuda FX has shown fluctuations in their emissions, with Scope 3 emissions peaking at about 18.9 million tonnes CO2e in 2022. The company has not publicly committed to specific reduction targets or initiatives, indicating a need for further transparency in their climate commitments. Overall, while Barracuda FX has made strides in tracking their emissions, the absence of defined reduction targets suggests an opportunity for enhanced climate action and accountability in their operations.
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Add to project2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 14,064,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 15,379,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 14,132,000 | 00,000,000 | 00,000,000 | 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.
Barracuda FX is not committed to any reduction initiatives 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.
