SoFi, officially known as Social Finance, Inc., is a leading player in the financial intermediation services sector, headquartered in the United States. Founded in 2011, SoFi has rapidly evolved, establishing a strong presence in major operational regions across the country. The company focuses on a diverse range of financial products, including student and personal loans, mortgage refinancing, and investment services, all designed to empower individuals in their financial journeys.
What sets SoFi apart is its commitment to providing a seamless digital experience, coupled with unique offerings such as career coaching and financial planning. With a robust market position, SoFi has garnered significant recognition, including a growing membership base and strategic partnerships that enhance its service portfolio. As a pioneer in the fintech space, SoFi continues to innovate, making financial services more accessible and user-friendly for its clients.
+10 vs industry average
SoFi’s score of 45 is higher than 61% 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 – 2027
Reported emissions
Scope 3 accounts for ••• of total emissions.
SoFi's reported carbon emissions
SoFi, a financial intermediation services company headquartered in the US, reported approximately 5,016,400 kg CO2e for the year 2024. This total includes Scope 1 emissions of about 293,200 kg CO2e and Scope 2 emissions (market-based) of approximately 1,434,400 kg CO2e. Scope 3 emissions accounted for a significant portion, with business travel at about 2,311,100 kg CO2e and employee commute at approximately 977,600 kg CO2e.
In 2023, SoFi's total emissions were approximately 4,387,000 kg CO2e. Scope 1 emissions were about 328,300 kg CO2e, and Scope 2 (market-based) emissions were around 1,730,300 kg CO2e. Scope 3 emissions for business travel were approximately 1,453,500 kg CO2e, and for employee commute, around 874,900 kg CO2e.
For 2022, SoFi disclosed Scope 1 emissions of approximately 352,500 kg CO2e and Scope 2 (market-based) emissions of about 2,049,200 kg CO2e. Scope 3 emissions data were not disclosed for this year.
SoFi is on a journey towards net zero, with initiatives in place to implement greenhouse gas (GHG) reductions. The company has set near-term targets for Scope 1 and Scope 2 emissions, aiming for reductions between 2023 and 2025.
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SoFi’s Climate Goals (2030 & 2050)
2 goals2025
Looking forward, SoFi endeavors to implement GHG reductions…
Looking forward, SoFi endeavors to implement GHG reductions as we continue our journey to net zero.
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
2 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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