Hoist Finance
Hoist Finance AB, commonly referred to as Hoist Finance, is a leading player in the financial services industry, headquartered in Sweden (SE). Founded in 1994, the company has established a strong presence across Europe, with significant operations in countries such as Germany, France, and the UK. Specialising in debt management and consumer finance, Hoist Finance offers a range of unique services, including debt purchasing and servicing, as well as personal loans. The company is recognised for its innovative approach to financial solutions, focusing on responsible lending and customer-centric practices. With a commitment to sustainable growth, Hoist Finance has achieved notable milestones, positioning itself as a trusted partner for both consumers and businesses in the financial sector. Its dedication to transparency and ethical practices further enhances its reputation in the market.
DitchCarbon Score
How does Hoist Finance'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
Hoist Finance's score of 33 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Hoist Finance's reported carbon emissions
In 2023, Hoist Finance reported total carbon emissions of approximately 1,586,000 kg CO2e. This figure includes 329,000 kg CO2e from Scope 1 emissions, which are direct emissions from owned or controlled sources, and 366,000 kg CO2e from Scope 2 emissions, representing indirect emissions from the generation of purchased electricity. Additionally, Scope 3 emissions, which encompass all other indirect emissions, amounted to about 890,000 kg CO2e. In 2022, the company recorded total emissions of around 1,431,000 kg CO2e, with Scope 1 emissions at 266,000 kg CO2e, Scope 2 emissions at 263,000 kg CO2e, and Scope 3 emissions reaching 860,000 kg CO2e. The 2021 emissions were significantly higher, totalling approximately 1,336,000 kg CO2e, with Scope 1 at 239,000 kg CO2e, Scope 2 at 468,000 kg CO2e, and Scope 3 at 629,000 kg CO2e. Despite these figures, Hoist Finance has not publicly committed to specific reduction targets or initiatives, indicating a potential area for improvement in their climate strategy. The company operates within a global context where financial institutions are increasingly expected to disclose and reduce their carbon footprints, aligning with broader climate commitments.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 41,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 264,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 332,000 | 000,000 | 000,000 | 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.
Hoist Finance is not committed to any reduction initiatives 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.
