Industrial Digital Financial Services (Shanghai) Co., Ltd Sustainability Profile
Industrial Digital Financial Services (Shanghai) Co., Ltd., commonly referred to as IDFS, is a leading player in the financial technology sector, headquartered in Shanghai, China. Established in 2015, the company has rapidly expanded its operations across major regions in Asia, focusing on innovative digital financial solutions. IDFS specialises in providing a range of services, including digital payment systems, blockchain technology, and financial data analytics. What sets IDFS apart is its commitment to leveraging cutting-edge technology to enhance financial transactions and improve customer experiences. With a strong market position, IDFS has achieved significant milestones, including partnerships with key financial institutions and recognition for its contributions to the fintech landscape. As a pioneer in industrial digital finance, IDFS continues to shape the future of financial services in China and beyond.
DitchCarbon Score
How does Industrial Digital Financial Services (Shanghai) Co., Ltd'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 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
Industrial Digital Financial Services (Shanghai) Co., Ltd's score of 19 is lower than 100% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industrial Digital Financial Services (Shanghai) Co., Ltd's reported carbon emissions
In 2023, Industrial Digital Financial Services (Shanghai) Co., Ltd reported total carbon emissions of approximately 2.85 billion kg CO2e. This figure includes Scope 1 emissions of about 1.07 million kg CO2e, Scope 2 emissions of approximately 7.32 million kg CO2e, and Scope 3 emissions totalling around 2.84 billion kg CO2e. The Scope 3 emissions are primarily driven by investments, which account for about 2.84 billion kg CO2e. The company has set ambitious carbon reduction targets, aiming for a 3% annual decrease in both Scope 1 and Scope 2 emissions from a 2022 baseline, with the target period extending to 2030. This commitment reflects their dedication to sustainable operations and effective carbon management. Overall, the emissions data indicates a significant focus on addressing climate impact, with a clear strategy for ongoing reductions in the coming years.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 513,300 | 000,000 | 000,000 | 0,000,000 |
| Scope 2 | 7,013,200 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 951,851,200 | 0,000,000,000 | 0,000,000,000 | 0,000,000,000 |
How Carbon Intensive is Industrial Digital Financial Services (Shanghai) Co., Ltd's Industry?
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Industrial Digital Financial Services (Shanghai) Co., Ltd's Scope 3 Categories Breakdown
Industrial Digital Financial Services (Shanghai) Co., Ltd's Scope 3 emissions, which increased by 25% last year and increased by approximately 199% since 2020, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 100% of Scope 3 emissions.
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Industrial Digital Financial Services (Shanghai) Co., Ltd'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.
Industrial Digital Financial Services (Shanghai) Co., Ltd 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.
Compare Industrial Digital Financial Services (Shanghai) Co., Ltd's Emissions with Industry Peers
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