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Fairstone Financial Inc.
Fairstone Financial Inc., a leading provider of financial solutions in Canada, is headquartered in the vibrant city of Montreal, Quebec. Established in 2004, the company has carved a niche in the consumer finance industry, specialising in personal loans and credit products tailored to meet diverse customer needs. With a strong presence across major operational regions in Canada, Fairstone is committed to offering accessible financial services that empower individuals and families. The company’s core offerings include unsecured personal loans, home equity loans, and retail financing, distinguished by their flexible terms and competitive rates. Fairstone's dedication to responsible lending and customer-centric solutions has positioned it as a trusted partner in the financial landscape. Notable achievements include a robust market presence and a commitment to innovation, ensuring that Fairstone remains at the forefront of the evolving financial services sector.
DitchCarbon Score
How does Fairstone Financial 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 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
Fairstone Financial Inc.'s score of 25 is lower than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Fairstone Financial Inc.'s reported carbon emissions
In 2022, Fairstone Financial Inc. reported total carbon emissions of approximately 2,597,000 kg CO2e, comprising 1,707,000 kg CO2e from Scope 1 and 901,000 kg CO2e from Scope 2 emissions. This reflects a slight increase from 2021, when emissions were about 2,545,000 kg CO2e, with Scope 1 emissions at 1,645,000 kg CO2e and Scope 2 emissions at 904,000 kg CO2e. Fairstone Financial Inc. does not currently disclose any Scope 3 emissions data, nor does it have specific reduction targets or initiatives outlined in its climate commitments. The company is a current subsidiary, and its emissions data is cascaded from its parent organization, Fairstone Financial Inc., at a cascade level of 2. As of now, Fairstone has not established any formal climate pledges or targets through initiatives such as the Science Based Targets initiative (SBTi) or others. The absence of reduction targets indicates a potential area for future commitment to climate action.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 1,645,000 | 0,000,000 |
| Scope 2 | 904,000 | 000,000 |
| Scope 3 | - | - |
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.
Fairstone Financial Inc. 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.
