Gocardless

GoCardless, a UK-based financial intermediation services provider, reported total carbon emissions of approximately 16,912 metric tonnes CO2e in 2022. This figure includes about 150 kg CO2e from Scope 1 emissions, 44,580 kg CO2e from Scope 2 (market-based), and 11,402,130 kg CO2e from Scope 3 emissions. Key contributors to Scope 3 emissions included business travel (1,208,380 kg CO2e), employee commute (376,970 kg CO2e), and purchased goods and services (3,255,910 kg CO2e).

Looking back, GoCardless's total emissions were approximately 16,112 metric tonnes CO2e in 2021 and 11,317 metric tonnes CO2e in 2020. In 2019, the base year for their targets, total emissions stood at approximately 6,242 metric tonnes CO2e.

GoCardless has set ambitious Science Based Targets initiative (SBTi) validated targets. They are committed to reaching net-zero greenhouse gas emissions across their value chain by 2035.

Their near-term targets include:

• Reducing absolute Scope 1 and Scope 2 GHG emissions by 92% by 2027 from a 2019 base year.
• Reducing Scope 3 emissions by 90% per full-time employee by 2027 from a 2019 base year.
• Increasing annual sourcing of renewable electricity from 53% in 2019 to 100% by 2027, and maintaining 100% renewable electricity sourcing through 2027.

For their long-term targets, GoCardless aims to reduce Scope 3 emissions by 97% per full-time employee by 2035 from a 2019 base year. These targets reflect a commitment to a 1.5°C pathway.