Form3
Form3, officially known as Form3 Financial Cloud, is a leading provider of cloud-based payment technology headquartered in Great Britain. Founded in 2016, the company has rapidly established itself in the fintech industry, focusing on delivering innovative payment solutions to banks and financial institutions across Europe and beyond. Specialising in real-time payment processing, Form3 offers a unique platform that simplifies the complexities of payment infrastructure. Their core services include Payment as a Service (PaaS), which enables clients to seamlessly integrate and manage various payment types, enhancing operational efficiency and customer experience. With a strong market position, Form3 has achieved significant milestones, including partnerships with major financial institutions and recognition for its cutting-edge technology. The company continues to drive transformation in the payments landscape, making it a key player in the evolving fintech sector.
DitchCarbon Score
How does Form3'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 Services Auxiliary to 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
Form3's score of 27 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Form3's reported carbon emissions
In 2022, Form3 reported total carbon emissions of approximately 62540 kg CO2e from Scope 1, 143910 kg CO2e from Scope 2, and 543370 kg CO2e from Scope 3 emissions, resulting in a combined total of about 738820 kg CO2e. The emissions from stationary combustion within Scope 1 were around 10750 kg CO2e, while the majority of Scope 2 emissions, approximately 112290 kg CO2e, stemmed from purchased electricity. Scope 3 emissions, which include indirect emissions, accounted for the largest share, primarily from waste generated in operations at about 70 kg CO2e. Currently, Form3 has not disclosed any specific reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. This indicates a potential area for growth in their climate commitments, as many organisations are increasingly setting ambitious targets to reduce their carbon footprints. As a company headquartered in Great Britain, Form3 is positioned within an industry that is progressively focusing on sustainability and climate action.
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| 2022 | |
|---|---|
| Scope 1 | 62,540 |
| Scope 2 | 143,910 |
| Scope 3 | 543,370 |
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.
Form3 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.
