Social Finance, Inc. Sustainability Profile
Social Finance, Inc., commonly known as SoFi, is a leading financial technology company headquartered in the United States. Founded in 2011, SoFi has rapidly established itself in the fintech industry, focusing on personal finance, student and personal loans, investment management, and insurance services. With a commitment to empowering individuals to achieve financial independence, SoFi offers a unique suite of products, including student loan refinancing, mortgage loans, and investment platforms. The company has achieved significant milestones, such as going public in 2021, which has further solidified its market position. SoFi's innovative approach to finance, combined with its user-friendly digital platform, sets it apart in a competitive landscape, making it a preferred choice for consumers seeking comprehensive financial solutions.
DitchCarbon Score
How does Social Finance, 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 Business Services 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
Social Finance, Inc.'s score of 55 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
Social Finance, Inc., headquartered in the US, currently does not have specific carbon emissions data available for the most recent year. The company is a current subsidiary of SoFi Technologies, Inc., which may influence its climate commitments and emissions reporting. As of now, Social Finance, Inc. has not established any documented reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate initiatives. The absence of specific emissions data and reduction targets suggests that the company is still in the early stages of formalising its climate strategy. Given its affiliation with SoFi Technologies, Inc., any relevant emissions data or climate initiatives may be inherited from this parent organisation. However, no specific figures or commitments have been disclosed in this context. In summary, while Social Finance, Inc. is part of a larger corporate family that may have climate commitments, it currently lacks detailed emissions data and defined reduction targets.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 352,500 | 000,000 | 000,000 |
| Scope 2 | 2,049,200 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 0,000,000 | 0,000,000 |
How Carbon Intensive is Social Finance, Inc.'s Industry?
How Carbon Intensive is Social Finance, Inc.'s Location?
Social Finance, Inc.'s Scope 3 Categories Breakdown
Social Finance, Inc.'s Scope 3 emissions, which increased by 41% last year and increased by approximately 41% since 2023, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 66% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 70% of Scope 3 emissions.
Top Scope 3 Categories
Social Finance, 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.
Social Finance, Inc. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
