Finisar Corporation Sustainability Profile
Finisar Corporation, a leading provider of optical communication components and subsystems, is headquartered in the United States. Founded in 1988, the company has established itself as a key player in the fibre optics industry, with significant operations across North America, Europe, and Asia. Finisar's core offerings include advanced optical transceivers, active optical cables, and optical components, which are essential for high-speed data transmission in telecommunications and data centre applications. Renowned for their innovation, Finisar's products are distinguished by their reliability and performance, catering to the growing demands of cloud computing and 5G networks. With a strong market position, Finisar has achieved numerous milestones, including pioneering developments in coherent optical technology. The company continues to drive advancements in the optical networking space, solidifying its reputation as a trusted partner for global telecommunications providers.
DitchCarbon Score
How does Finisar Corporation'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
Finisar Corporation's score of 54 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Finisar Corporation, headquartered in the US, currently does not report specific carbon emissions data, as indicated by the absence of figures in the latest emissions data. The company is a current subsidiary of Coherent Corp., which may influence its climate commitments and reporting practices. As of now, Finisar has not established any documented reduction targets or initiatives, nor does it participate in the Science Based Targets initiative (SBTi). This lack of specific commitments suggests that the company may be in the early stages of developing a comprehensive climate strategy. Given the context of its parent company, Coherent Corp., it is important to note that any climate-related initiatives or emissions data may be inherited from this corporate relationship. However, without specific data from Coherent Corp. or other sources, it is challenging to provide a detailed overview of Finisar's carbon footprint or climate commitments. In summary, while Finisar Corporation is part of a larger corporate family that may have climate initiatives, it currently lacks publicly available emissions data and defined reduction targets.
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| 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|
| Scope 1 | 35,523,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 228,132,000 | 000,000,000 | 000,000,000 | 00,000,000 |
| Scope 3 | - | - | 000,000,000 | 0,000,000,000 |
How Carbon Intensive is Finisar Corporation's Industry?
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Finisar Corporation's Scope 3 Categories Breakdown
Finisar Corporation's Scope 3 emissions, which increased by 465% last year and increased by approximately 465% since 2023, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 67% of Scope 3 emissions.
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Finisar Corporation'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.
Finisar Corporation 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.
