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 62% 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, indicating a rise in emissions year-on-year. The breakdown for 2022 included Scope 1 emissions of about 77,000 kg CO2e and Scope 2 emissions of approximately 239,000 kg CO2e (market-based). Funding Circle has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The company’s emissions data is not cascaded from a parent organization, and all reported figures are derived directly from Funding Circle Holdings plc. Overall, Funding Circle's emissions profile highlights the importance of addressing Scope 3 emissions, which represent the majority of their carbon footprint, while the absence of formal reduction commitments suggests an area for potential improvement in their climate strategy.
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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.
