Innofactor Sustainability Profile
Innofactor, a leading provider of digital transformation solutions, is headquartered in Finland (FI) and operates extensively across the Nordic region. Founded in 2001, the company has established itself in the IT services industry, focusing on cloud solutions, data analytics, and enterprise resource planning (ERP) systems. Innofactor's core offerings, including its innovative Microsoft-based solutions, are designed to enhance business efficiency and drive growth. The company is recognised for its commitment to customer-centric service and has achieved significant milestones, including numerous awards for excellence in technology and service delivery. With a strong market position, Innofactor continues to empower organisations to navigate the complexities of digital transformation effectively.
DitchCarbon Score
How does Innofactor'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 Computer Services 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
Innofactor's score of 40 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Innofactor's reported carbon emissions
Innofactor, headquartered in Finland (FI), reported total carbon emissions of approximately 387,400 kg CO2e for the year 2023. This figure includes emissions from various scopes: 9,400 kg CO2e from Scope 1 (mobile combustion), 176,600 kg CO2e from Scope 2 (purchased heat and electricity), and 201,900 kg CO2e from Scope 3, which encompasses business travel (166,300 kg CO2e) and other categories. Comparatively, in 2022, Innofactor's total emissions were about 383,300 kg CO2e, indicating a slight increase in emissions year-on-year. The breakdown for 2022 shows 11,400 kg CO2e from Scope 1, 174,900 kg CO2e from Scope 2, and 144,400 kg CO2e from Scope 3. In 2021, the total emissions were approximately 288,700 kg CO2e, with Scope 1 emissions at 13,000 kg CO2e, Scope 2 at 190,600 kg CO2e, and Scope 3 at 46,700 kg CO2e. Innofactor has committed to near-term reduction targets, although specific numerical targets have not been disclosed. The company is actively engaged in sustainability initiatives and has aligned its commitments with the Science Based Targets initiative (SBTi), indicating a commitment to reducing its carbon footprint in line with climate science. Overall, Innofactor's emissions data reflects its ongoing efforts to monitor and manage its carbon impact, while its commitment to SBTi targets underscores its dedication to climate action within the software and services sector.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 13,000 | 00,000 | 0,000 |
| Scope 2 | 190,600 | 000,000 | 000,000 |
| Scope 3 | 46,700 | 000,000 | 000,000 |
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Innofactor's Scope 3 Categories Breakdown
Innofactor's Scope 3 emissions, which increased by 17% last year and increased by approximately 263% since 2021, 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 46% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 98% of Scope 3 emissions.
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Innofactor'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.
Innofactor has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
Frequently Asked Questions
Common questions about Innofactor's sustainability data and climate commitments