Mogo Inc.
Mogo Inc., a prominent Canadian fintech company headquartered in Vancouver, British Columbia, has been a key player in the financial services industry since its founding in 2003. With a focus on providing innovative digital solutions, Mogo offers a range of products including personal loans, a cryptocurrency platform, and a unique credit score monitoring service. The company has distinguished itself by integrating technology with financial wellness, making it easier for consumers to manage their finances. Mogo's commitment to transparency and user-friendly services has earned it a strong market position, appealing to a growing demographic seeking alternative financial solutions. Over the years, Mogo has achieved significant milestones, solidifying its reputation as a leader in the evolving landscape of digital finance in Canada.
DitchCarbon Score
How does Mogo 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
Mogo Inc.'s score of 16 is lower than 85% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Mogo Inc.'s reported carbon emissions
In 2022, Mogo Inc. reported total carbon emissions of approximately 686,600 kg CO2e, comprising 404,000 kg CO2e from Scope 1 and 282,600 kg CO2e from Scope 2 emissions. This data reflects a significant reduction from 2021, where Scope 1 emissions alone were reported at 533,000,000 kg CO2e. Mogo Inc. has not disclosed any Scope 3 emissions data, nor have they set specific reduction targets or initiatives under the Science Based Targets initiative (SBTi). The company does not appear to have cascaded emissions data from a parent organization, indicating that their reported figures are independently sourced. Mogo Inc. is committed to reducing its carbon footprint, although specific reduction initiatives or pledges have not been detailed. The company continues to focus on transparency in its emissions reporting, aligning with industry standards for climate accountability.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 533,000,000 | 000,000 |
| Scope 2 | - | 000,000 |
| Scope 3 | - | - |
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.
Mogo Inc. is not participating in any 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.
