Harmoney Corp Limited Sustainability Profile
Harmoney Corp Limited, commonly known as Harmoney, is a leading peer-to-peer lending platform headquartered in New Zealand. Founded in 2014, the company has rapidly established itself as a key player in the fintech industry, primarily focusing on personal loans and investment opportunities. With a strong operational presence across New Zealand and Australia, Harmoney has revolutionised the way individuals access credit by offering a streamlined, digital-first approach. The company's core services include personal loans, which are characterised by competitive interest rates and a user-friendly application process. Harmoney's unique model connects borrowers directly with investors, fostering a transparent lending environment. As a pioneer in the sector, Harmoney has achieved significant milestones, including being the first peer-to-peer lender to receive a full licence from the Financial Markets Authority in New Zealand, solidifying its market position and commitment to regulatory compliance.
DitchCarbon Score
How does Harmoney Corp Limited'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
Harmoney Corp Limited's score of 50 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Harmoney Corp Limited's reported carbon emissions
In 2024, Harmoney Corp Limited reported total carbon emissions of approximately 68,410 kg CO2e. This figure includes 32,170 kg CO2e from Scope 1 emissions, 2,700 kg CO2e from Scope 2 emissions, and 33,540 kg CO2e from Scope 3 emissions, which notably includes 10,870 kg CO2e attributed to business travel. For the previous year, 2023, the company disclosed total emissions of approximately 18,310,274,000 kg CO2e, with Scope 1 emissions at 8,077,625,000 kg CO2e, Scope 2 emissions at 863,964,000 kg CO2e, and Scope 3 emissions at 9,368,685,000 kg CO2e. Harmoney has not set specific reduction targets or initiatives as part of its climate commitments, and there are no reported SBTi (Science Based Targets initiative) reduction targets. The company’s emissions data is not cascaded from any parent organization, indicating that all reported figures are directly from Harmoney Corp Limited. Overall, while Harmoney Corp Limited has made strides in reporting its emissions, it currently lacks defined reduction strategies or commitments to mitigate its carbon footprint.
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| 2023 | 2024 | |
|---|---|---|
| Scope 1 | 75,100 | 00,000 |
| Scope 2 | 10,160 | 0,000 |
| Scope 3 | 72,250 | 00,000 |
How Carbon Intensive is Harmoney Corp Limited's Industry?
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Harmoney Corp Limited's Scope 3 Categories Breakdown
Harmoney Corp Limited's Scope 3 emissions, which decreased by 54% last year and decreased by approximately 54% since 2023, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 49% of total emissions under the GHG Protocol, with "Business Travel" being the primary emissions source at 32% of Scope 3 emissions.
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Harmoney Corp Limited's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Harmoney Corp Limited has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
