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 19 is lower than 81% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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. This highlights a significant reliance on indirect emissions, particularly from purchased electricity and other upstream activities. The breakdown of emissions reveals that Scope 1 emissions, primarily from stationary combustion, accounted for about 62540 kg CO2e, while Scope 2 emissions from purchased electricity were approximately 143910 kg CO2e. Notably, Scope 3 emissions, which include waste generated in operations, were substantial at around 543370 kg CO2e. Currently, Form3 has not disclosed any specific reduction targets or initiatives aimed at decreasing their carbon footprint. However, the company is positioned within an industry increasingly focused on climate commitments and sustainability practices. As such, Form3's future strategies may evolve to align with broader climate goals and industry standards.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 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 committed to some reduction initiatives 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.
