FinVolution Group Sustainability Profile
FinVolution Group, a leading financial technology company headquartered in China, has established itself as a prominent player in the online consumer finance industry since its founding in 2015. With a strong operational presence across major regions in Asia, the company focuses on providing innovative financial solutions that cater to the diverse needs of consumers and small businesses. Specialising in online lending and credit services, FinVolution Group leverages advanced technology to enhance user experience and streamline the borrowing process. Its unique approach combines data-driven insights with a commitment to responsible lending, setting it apart in a competitive market. Recognised for its rapid growth and robust market position, FinVolution continues to expand its offerings, solidifying its reputation as a trusted partner in the evolving landscape of digital finance.
DitchCarbon Score
How does FinVolution Group'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
FinVolution Group's score of 27 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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FinVolution Group's reported carbon emissions
In 2024, FinVolution Group reported total carbon emissions of approximately 2,373,700 kg CO2e, with Scope 1 emissions at about 46,200 kg CO2e and Scope 2 emissions at around 2,327,500 kg CO2e. This marks an increase from 2023, where total emissions were about 1,729,600 kg CO2e, comprising approximately 127,800 kg CO2e in Scope 1 and about 1,601,800 kg CO2e in Scope 2. In 2022, the company recorded total emissions of around 1,570,800 kg CO2e, with Scope 1 emissions of about 102,000 kg CO2e and Scope 2 emissions of approximately 1,468,800 kg CO2e. FinVolution Group has not disclosed any Scope 3 emissions data, nor have they set specific reduction targets or initiatives as part of their climate commitments. The company’s emissions data is not cascaded from any parent organisation, indicating that all reported figures are independently sourced from FinVolution Group itself. Overall, while the company has shown a commitment to transparency in emissions reporting, there is currently no indication of formal reduction targets or climate pledges in place.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 102,000 | 000,000 | 00,000 |
| Scope 2 | 1,468,800 | 0,000,000 | 0,000,000 |
| Scope 3 | - | - | - |
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FinVolution Group'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.
FinVolution Group 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.
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