Kabbage, Inc. Sustainability Profile
Kabbage, Inc., a prominent player in the financial technology sector, is headquartered in the United States. Founded in 2009, the company has established itself as a leader in providing innovative funding solutions for small businesses. Kabbage is renowned for its unique approach to lending, offering flexible lines of credit and automated funding processes that cater to the diverse needs of entrepreneurs. With a strong operational presence across major regions in the US, Kabbage has achieved significant milestones, including the successful disbursement of billions in loans. Its core products, such as Kabbage Funding and Kabbage Payments, stand out for their user-friendly interfaces and rapid approval times. As a trusted partner for small businesses, Kabbage continues to enhance its market position through a commitment to customer-centric financial solutions.
DitchCarbon Score
How does Kabbage, Inc.'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
Kabbage, Inc.'s score of 71 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Kabbage, Inc., headquartered in the US, currently does not have specific carbon emissions data available, as indicated by the absence of reported figures. However, as a current subsidiary of American Express Company, Kabbage's climate commitments and initiatives are aligned with those of its parent organisation. American Express has set ambitious climate targets, which include commitments to the Science Based Targets initiative (SBTi) and participation in various sustainability initiatives such as CDP, RE100, and the Race to Zero campaign. These commitments aim to significantly reduce greenhouse gas emissions across all scopes, although specific reduction targets for Kabbage have not been detailed. As Kabbage inherits its climate strategy from American Express, it is expected to contribute to the overarching goals set by its parent company, focusing on sustainable practices and emissions reduction. The lack of direct emissions data for Kabbage suggests that the company is in the process of developing its own specific targets and reporting mechanisms, in line with industry standards and the commitments of American Express.
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| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 36,158,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 126,270,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 33,173,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 000,000 | 00,000,000 | 00,000,000 | 0,000,000,000 |
How Carbon Intensive is Kabbage, Inc.'s Industry?
How Carbon Intensive is Kabbage, Inc.'s Location?
Kabbage, Inc.'s Scope 3 Categories Breakdown
Kabbage, Inc.'s Scope 3 emissions, which increased significantly last year and increased significantly since 2013, 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 "Purchased Goods and Services" being the largest emissions source at 42% of Scope 3 emissions.
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Kabbage, Inc.'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.
Kabbage, Inc. 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.
