Innovate Finance
Innovate Finance, a leading fintech membership organisation based in Great Britain, was founded in 2014 to support the UK’s financial technology sector. With its headquarters in London, the organisation plays a pivotal role in fostering innovation across the financial services industry, connecting startups, scale-ups, and established financial institutions. Specialising in advocacy, networking, and knowledge-sharing, Innovate Finance offers unique insights and resources that empower its members to thrive in a competitive landscape. The organisation has achieved significant milestones, including the establishment of the UK FinTech Strategy and hosting the annual Innovate Finance Global Summit, which highlights its commitment to driving growth and collaboration within the fintech ecosystem. Recognised as a key player in the industry, Innovate Finance continues to shape the future of finance through its dedication to innovation and excellence.
DitchCarbon Score
How does Innovate 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
Innovate Finance's score of 28 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Innovate Finance's reported carbon emissions
In 2021, Innovate Finance reported total carbon emissions of approximately 173,982 kg CO2e. This figure includes 779 kg CO2e from Scope 2 emissions, primarily from purchased electricity, and 168,712 kg CO2e from Scope 3 emissions, which encompass business travel, employee commuting, and purchased goods and services. Notably, there were no emissions recorded under Scope 1, indicating no direct emissions from stationary combustion. Comparatively, emissions in 2020 were about 198,644 kg CO2e, with Scope 2 emissions at 894 kg CO2e and Scope 3 emissions at 193,316 kg CO2e. This reflects a significant reduction in total emissions of approximately 24,662 kg CO2e from 2020 to 2021. Looking back further, in 2019, total emissions were reported at 466,392 kg CO2e, with Scope 2 emissions of 1,114 kg CO2e and Scope 3 emissions of 449,941 kg CO2e. This indicates a substantial decrease in emissions over the years, showcasing Innovate Finance's commitment to reducing its carbon footprint. Despite these reductions, there are currently no specific reduction targets or climate pledges documented, nor is there any data cascaded from a parent organization. Innovate Finance's emissions data is independently sourced, reflecting its own operational impact.
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.
Innovate Finance is participating in some 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.
