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 42 is higher than 67% 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 2023, SoFi reported total carbon emissions of approximately 4,387,000 kg CO2e. This figure includes Scope 1 emissions of about 328,300 kg CO2e, Scope 2 emissions of approximately 1,730,300 kg CO2e (market-based), and significant Scope 3 emissions, with business travel contributing about 1,453,500 kg CO2e and employee commute accounting for around 874,900 kg CO2e. SoFi has set ambitious near-term goals to reduce greenhouse gas (GHG) emissions as part of its commitment to achieving net zero. The company aims to implement GHG reductions for both Scope 1 and Scope 2 emissions between 2023 and 2025. While specific percentage reduction targets have not been disclosed, the commitment reflects SoFi's proactive approach to climate action. The emissions data is not cascaded from any parent company, and all figures are reported directly by SoFi Technologies, Inc. As the company continues its journey towards sustainability, it remains focused on enhancing its environmental performance and reducing its carbon footprint.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 352,500 | 000,000 |
| Scope 2 | 2,049,200 | 0,000,000 |
| Scope 3 | - | 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.
