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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.
+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.
Financial Intermediation is among the least carbon-intensive industries
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Scope 3 accounts for ••• of total emissions.
SoFi, a US-based financial intermediation services company, reported total carbon emissions of approximately 5,016,400 kg CO2e in 2024. This figure includes about 293,200 kg CO2e from Scope 1, approximately 1,434,400 kg CO2e from Scope 2 (market-based), and around 3,288,700 kg CO2e from Scope 3 emissions. Notably, its Scope 3 emissions included business travel at 2,311,100 kg CO2e and employee commute at 977,600 kg CO2e.
In the preceding year, 2023, SoFi's total emissions were about 4,387,000 kg CO2e, comprising approximately 328,300 kg CO2e from Scope 1, around 1,730,300 kg CO2e from Scope 2 (market-based), and about 2,328,400 kg CO2e from Scope 3. The Scope 3 emissions for 2023 included business travel at 1,453,500 kg CO2e and employee commute at 874,900 kg CO2e.
For 2022, SoFi reported Scope 1 emissions of around 352,500 kg CO2e and Scope 2 (market-based) emissions of approximately 2,049,200 kg CO2e. Scope 3 data was not available for 2022.
SoFi is committed to achieving net zero and aims to implement greenhouse gas reductions, particularly in Scope 1 and Scope 2 emissions, with a timeframe extending to 2025.
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
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.
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