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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 lower than 56% 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, headquartered in Great Britain, reported total carbon emissions of approximately 62540 kg CO2e for Scope 1, 143910 kg CO2e for Scope 2, and 543370 kg CO2e for Scope 3. This data reflects their comprehensive approach to emissions reporting, covering all three scopes of greenhouse gas emissions. The breakdown of emissions includes about 10750 kg CO2e from stationary combustion under Scope 1, and approximately 112290 kg CO2e from purchased electricity under Scope 2. Additionally, Scope 3 emissions, which encompass indirect emissions from the value chain, totalled around 543370 kg CO2e, with a minor contribution of 70 kg CO2e from waste generated in operations. Currently, Form3 has not established specific reduction targets or initiatives, nor do they participate in recognised climate pledges such as the Science Based Targets initiative (SBTi). Their emissions data is not cascaded from any parent organisation, indicating that these figures are independently reported by Form3 Technology Limited. As the company continues to assess its environmental impact, it remains crucial for Form3 to develop and communicate clear climate commitments to align with industry standards and expectations.
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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.
