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Public Profile
Financial Intermediation
GB
updated 10 days ago

Finastra

Company website

Finastra, a leading global financial technology company headquartered in Great Britain, has been at the forefront of innovation since its establishment in 2017. Formed through the merger of Misys and D+H, Finastra operates across key regions including North America, Europe, and Asia-Pacific, providing comprehensive solutions for the banking, capital markets, and insurance sectors. The company offers a diverse range of core products and services, including its Fusion software suite, which uniquely integrates advanced analytics and cloud capabilities to enhance operational efficiency. Finastra's commitment to open banking and collaboration has positioned it as a market leader, enabling financial institutions to adapt to evolving customer needs and regulatory demands. With a strong focus on digital transformation, Finastra continues to achieve significant milestones, solidifying its reputation as a trusted partner in the financial services industry.

DitchCarbon Score

How does Finastra'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.

56

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.

27

Industry Benchmark

Finastra's score of 56 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.

76%

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Finastra's reported carbon emissions

In 2023, Finastra reported total carbon emissions of approximately 27,400,000 kg CO2e, a decrease from about 30,000,000 kg CO2e in 2022. The emissions breakdown includes 519,000 kg CO2e from Scope 1, 4,477,000 kg CO2e from Scope 2, and a significant 22,441,000 kg CO2e from Scope 3 emissions. This reflects a continued commitment to reducing their carbon footprint. Finastra has set ambitious climate targets, aiming for net zero emissions by 2050, in line with the Science Based Targets initiative (SBTi). They have established interim goals to reduce Scope 1 and 2 emissions by 50% by 2025, using 2019 as a baseline. Additionally, they plan to achieve a 70.4% reduction in absolute Scope 1 and 2 emissions and a 63% reduction in Scope 3 emissions by 2034. These commitments are part of Finastra's broader strategy to address climate change and align with global sustainability efforts. The emissions data and targets are cascaded from their parent company, Finastra Group Holdings Limited, ensuring a unified approach to environmental responsibility across the organisation.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20192020202120222023
Scope 1
1,182,000
000,000
000,000
000,000
000,000
Scope 2
9,920,000
0,000,000
0,000,000
0,000,000
0,000,000
Scope 3
58,917,000
00,000,000
00,000,000
00,000,000
00,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Finastra's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Finastra is in GB, which has a low grid carbon intensity relative to other regions.

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.

Finastra is participating in some 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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