Innovate Finance Sustainability Profile
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 42 is higher than 61% 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 2023, Innovate Finance reported total carbon emissions of approximately 20,666,000 kg CO2e, with Scope 1 emissions accounting for about 18,926,000 kg CO2e from mobile and stationary combustion. The organisation has set ambitious targets to achieve a reduction of at least 90% in both Scope 1 and Scope 2 emissions by 2030, using 2023 as the baseline year. This commitment reflects a significant step towards net-zero operations. In 2022, Innovate Finance's emissions were approximately 21,424,000 kg CO2e, indicating a slight decrease in emissions from the previous year. The 2021 data for the UK showed total emissions of about 173,982 kg CO2e, with Scope 3 emissions contributing significantly, particularly from purchased goods and services. Innovate Finance's climate commitments are not cascaded from any parent organisation, indicating a direct responsibility for their emissions data and reduction initiatives. The organisation is actively working towards its climate goals, demonstrating a commitment to sustainability and environmental responsibility within the financial sector.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 25,201,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | - | - | - | - | - |
| Scope 3 | - | - | - | - | - |
How Carbon Intensive is Innovate Finance's Industry?
How Carbon Intensive is Innovate Finance's Location?
Innovate Finance'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.
Innovate Finance 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.
