Portman Ridge Finance Corporation, often referred to as Portman Ridge, is a prominent player in the finance industry, headquartered in the United States. Founded in 2017, the company has quickly established itself in the business development sector, focusing on providing flexible financing solutions to middle-market companies across various operational regions. Specialising in direct lending, Portman Ridge offers a range of financial products, including senior secured loans and subordinated debt, tailored to meet the unique needs of its clients. The firm’s commitment to delivering customised financial solutions sets it apart in a competitive market. With a strong emphasis on building long-term relationships, Portman Ridge has achieved notable milestones, positioning itself as a trusted partner for businesses seeking growth and stability.
How does Portman Ridge Finance Corporation'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.
Mean score of companies in the Services Auxiliary to 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.
Portman Ridge Finance Corporation's score of 23 is lower than 74% of the industry. This can give you a sense of how well the company is doing compared to its peers.
In 2018, Portman Ridge Finance Corporation reported total carbon emissions of approximately 34,868,000 kg CO2e. This figure includes Scope 1 emissions of about 19,426,000 kg CO2e, Scope 2 emissions of approximately 6,265,000 kg CO2e, and Scope 3 emissions totalling around 9,177,000 kg CO2e. Comparatively, emissions in 2017 were about 39,575,000 kg CO2e, with Scope 1 at 20,772,000 kg CO2e, Scope 2 at 9,138,000 kg CO2e, and Scope 3 at 9,665,000 kg CO2e. In 2016, the total emissions were approximately 40,318,000 kg CO2e, comprising Scope 1 emissions of about 20,211,000 kg CO2e, Scope 2 emissions of 10,804,000 kg CO2e, and Scope 3 emissions of around 9,303,000 kg CO2e. From 2015 to 2018, Portman Ridge Finance Corporation has shown a reduction in total emissions, decreasing from about 39,217,000 kg CO2e in 2015 to 34,868,000 kg CO2e in 2018. However, the company has not set specific reduction targets or climate pledges, nor does it report any initiatives under the Science Based Targets initiative (SBTi) or other climate frameworks. The emissions data is not cascaded from any parent organisation, indicating that these figures are solely attributed to Portman Ridge Finance Corporation.
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.
Portman Ridge Finance Corporation 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.