Credible Labs Inc. Sustainability Profile
Credible Labs Inc., commonly known as Credible, is a leading financial technology company headquartered in the United States. Founded in 2012, Credible has established itself as a key player in the online lending industry, specialising in student loans, personal loans, and mortgage refinancing. With a commitment to transparency and user empowerment, Credible offers a unique platform that allows consumers to compare loan options from multiple lenders, ensuring they find the best rates tailored to their needs. The company has achieved significant milestones, including partnerships with major financial institutions, enhancing its market position as a trusted resource for borrowers. Credible's innovative approach and dedication to customer service have garnered recognition, making it a prominent name in the fintech landscape.
DitchCarbon Score
How does Credible Labs Inc.'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
Credible Labs Inc.'s score of 38 is higher than 64% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Credible Labs Inc., headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of emissions figures. The company is a current subsidiary of Fox Corporation, which may influence its climate commitments and reporting practices. While there are no documented reduction targets or specific climate pledges from Credible Labs Inc., it is important to note that emissions data and performance metrics may be inherited from its parent company, Fox Corporation. This relationship suggests that any climate initiatives or targets may align with those set by Fox Corporation, although specific details are not provided. As a subsidiary, Credible Labs Inc. may benefit from the broader sustainability strategies and frameworks established by Fox Corporation, which could include participation in initiatives such as the Carbon Disclosure Project (CDP). However, without explicit data or commitments from Credible Labs Inc. itself, the specifics of its carbon emissions and climate strategies remain unclear.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 13,954,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 48,868,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 3,870,000 | - | 00,000,000 | 00,000,000 |
How Carbon Intensive is Credible Labs Inc.'s Industry?
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Credible Labs Inc.'s Scope 3 Categories Breakdown
Credible Labs Inc.'s Scope 3 emissions, which increased by 23% last year and increased by approximately 277% since 2021, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 18% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 73% of Scope 3 emissions.
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Credible Labs Inc.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Credible Labs Inc. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
