Finastra
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.
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
Finastra's score of 51 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Finastra's reported carbon emissions
In 2023, Finastra reported total carbon emissions of approximately 27,400,000 kg CO2e. This figure includes 519,000 kg CO2e from Scope 1 emissions, 4,477,000 kg CO2e from Scope 2 emissions, and a significant 22,441,000 kg CO2e from Scope 3 emissions. Compared to 2022, where total emissions were about 30,000,000 kg CO2e, this marks a reduction in overall emissions. Finastra has set ambitious climate commitments, aiming for net zero emissions by 2050. The company has established interim targets to reduce its Scope 1 and 2 emissions by 50% by 2025, using a 2019 baseline. Furthermore, they have committed to a 70.4% reduction in absolute Scope 1 and 2 emissions and a 63% reduction in Scope 3 emissions by 2034, also based on 2019 levels. These targets align with the Science Based Targets initiative (SBTi) and reflect Finastra's commitment to addressing climate change effectively.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| 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
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.
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.
