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 83% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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, 366,000 kg CO2e from Scope 2 emissions, and 890,000 kg CO2e from Scope 3 emissions. Comparatively, in 2022, the company recorded total emissions of about 1,431,000 kg CO2e, with Scope 1 at 266,000 kg CO2e, Scope 2 at 263,000 kg CO2e, and Scope 3 at 860,000 kg CO2e. The increase in emissions from 2022 to 2023 indicates a rise in operational activities or changes in business practices. In 2021, Hoist Finance's total emissions were approximately 1,336,000 kg CO2e, comprising 239,000 kg CO2e from Scope 1, 468,000 kg CO2e from Scope 2, and 629,000 kg CO2e from Scope 3. Despite the fluctuations in emissions, there are currently no disclosed reduction targets or climate pledges from Hoist Finance, indicating a potential area for improvement in their sustainability strategy. The company has not set specific science-based targets for emissions reduction, which is a growing expectation within the finance industry. Overall, while Hoist Finance has made strides in tracking its emissions across all three scopes, the absence of formal reduction commitments suggests an opportunity for enhanced climate action and accountability.
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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 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.
