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.
-6 vs industry average
Mogo Inc.’s score of 29 is lower than 43% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2025
Reported emissions
Scope 3 accounts for ••• of total emissions.
Mogo Inc.'s reported carbon emissions
In 2022, Mogo Inc. reported total emissions of approximately 686,600 kg CO2e, comprising 404,000 kg CO2e from Scope 1 and 282,600 kg CO2e from Scope 2 emissions. The company has not disclosed any Scope 3 emissions data. Mogo Inc. is committed to achieving net-zero emissions by 2050, with specific targets set for both Scope 1 and Scope 2 emissions. These initiatives include the implementation of natural lighting, thermal ventilation, a 540 kW solar panel system, and advanced recycling processes, which have collectively reduced energy consumption by 90%. The company's climate commitments reflect a long-term strategy to enhance sustainability while reducing operational costs. Mogo Inc. continues to focus on its environmental impact as part of its corporate responsibility initiatives.
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Mogo Inc.’s Climate Goals (2030 & 2050)
2 goals2050
The market hall targets net-zero emissions through natural l…
The market hall targets net-zero emissions through natural lighting, thermal ventilation, a 540kW solar panel system, and advanced recycling…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
See all 2 climate goals
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Scope 3 top emissions categories
No scope 3 category breakdown has been disclosed yet.
Emissions comparison with industry peers
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Mogo Inc.
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