SoFi
SoFi, officially known as Social Finance, Inc., is a leading financial technology company headquartered in the United States. Founded in 2011, SoFi has rapidly established itself in the fintech industry, primarily focusing on personal finance, student and personal loans, mortgage refinancing, and investment services. With a commitment to empowering individuals to achieve financial independence, SoFi offers unique products such as its SoFi Invest platform and SoFi Money cash management account. Operating across major regions in the US, SoFi has achieved significant milestones, including its public listing in 2021 through a merger with a special purpose acquisition company (SPAC). Renowned for its user-friendly digital experience and comprehensive financial solutions, SoFi has positioned itself as a trusted partner for millions seeking to manage their finances effectively.
DitchCarbon Score
How does SoFi'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 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.
Industry Benchmark
SoFi's score of 55 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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SoFi's reported carbon emissions
In 2024, SoFi reported total carbon emissions of approximately 5,016,400 kg CO2e. This figure includes Scope 1 emissions of about 293,200 kg CO2e, Scope 2 emissions of approximately 1,434,400 kg CO2e, and significant Scope 3 emissions, with business travel contributing about 2,311,100 kg CO2e and employee commuting accounting for around 977,600 kg CO2e. In 2023, SoFi's total emissions were approximately 4,387,000 kg CO2e, with Scope 1 emissions at about 328,300 kg CO2e and Scope 2 emissions reaching approximately 1,730,300 kg CO2e. The Scope 3 emissions for that year included about 1,453,500 kg CO2e from business travel and around 874,900 kg CO2e from employee commuting. SoFi has set ambitious near-term climate commitments, aiming for significant greenhouse gas (GHG) reductions across both Scope 1 and Scope 2 emissions by 2025, as part of their journey towards net zero. These commitments reflect their dedication to addressing climate change and reducing their carbon footprint. The emissions data is sourced directly from SoFi Technologies, Inc., with no cascaded data from a parent or related organization.
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| 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 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
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.
SoFi 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.
