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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.
43
DitchCarbon score
+6 vs industry average
SoFi’s score of 43 is higher than 59% 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
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
SoFi's reported carbon emissions
SoFi, a financial intermediation services company based in the US, reported approximately 5,016,400 kg CO2e in total emissions for 2024. This includes Scope 1 emissions of about 293,200 kg CO2e and Scope 2 market-based emissions of approximately 1,434,400 kg CO2e. Scope 3 emissions for business travel and employee commute amounted to about 2,311,100 kg CO2e and 977,600 kg CO2e, respectively.
In 2023, SoFi's total emissions were approximately 4,387,000 kg CO2e. Scope 1 emissions were around 328,300 kg CO2e, and Scope 2 market-based emissions totalled about 1,730,300 kg CO2e. Scope 3 emissions for business travel and employee commute were approximately 1,453,500 kg CO2e and 874,900 kg CO2e, respectively.
For 2022, SoFi reported Scope 1 emissions of about 352,500 kg CO2e and Scope 2 market-based emissions of approximately 2,049,200 kg CO2e. Scope 3 data was not disclosed for this year.
SoFi is committed to a journey towards net zero, with endeavours to implement GHG reductions for Scope 1 and Scope 2 emissions between 2023 and 2025.
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SoFi’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
2 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
SoFi7 days ago
43
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