Funding Circle
Funding Circle, a leading online marketplace for business loans, is headquartered in the United Kingdom and operates across major regions including the US, Germany, and the Netherlands. Founded in 2010, the company has revolutionised the way small businesses access finance, connecting them directly with investors seeking to lend. Specialising in peer-to-peer lending, Funding Circle offers a range of loan products tailored to the needs of small and medium-sized enterprises (SMEs). Its unique platform allows for quick and efficient loan approvals, setting it apart in the competitive fintech landscape. With over £10 billion lent to businesses globally, Funding Circle has established itself as a market leader, recognised for its commitment to supporting the growth of SMEs and driving economic development.
DitchCarbon Score
How does Funding Circle'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
Funding Circle's score of 37 is higher than 87% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Funding Circle's reported carbon emissions
In 2023, Funding Circle reported total carbon emissions of approximately 10,800,000 kg CO2e, with significant contributions from Scope 3 emissions, particularly from purchased goods and services (about 9,217,000 kg CO2e) and employee commuting (approximately 612,000 kg CO2e). The company's Scope 1 emissions were about 108,000 kg CO2e, while Scope 2 emissions totalled approximately 190,000 kg CO2e (market-based). Comparatively, in 2022, Funding Circle's total emissions were around 8,000,000 kg CO2e, with Scope 3 emissions again dominating the figures, particularly from business travel (about 563,000 kg CO2e). The company has not set specific reduction targets or initiatives as part of its climate commitments, indicating a potential area for future focus. Overall, Funding Circle's emissions data highlights the importance of addressing Scope 3 emissions, which represent the majority of their carbon footprint. The absence of defined reduction targets suggests that the company may need to enhance its climate strategy to align with industry standards and expectations.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 147,000 | 000,000 | 000,000 | 00,000 | 000,000 |
| Scope 2 | 493,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | - | 00,000 | 000,000 | 000,000 | 00,000,000 |
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.
Funding Circle 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.
