SoFi Lending Corp. Sustainability Profile
SoFi Lending Corp., commonly known as SoFi, is a prominent financial technology company headquartered in the United States. Founded in 2011, SoFi has rapidly established itself in the personal finance industry, offering a diverse range of services including student and personal loans, mortgage refinancing, and investment management. With a focus on innovation, SoFi distinguishes itself through its user-friendly digital platform and competitive interest rates, catering primarily to millennials and young professionals. The company has achieved significant milestones, such as going public in 2021, and has garnered a strong market position with millions of members across major operational regions in the US. SoFi's commitment to financial wellness and education further enhances its appeal, making it a leader in the evolving landscape of fintech solutions.
DitchCarbon Score
How does SoFi Lending Corp.'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 Lending Corp.'s score of 55 is higher than 74% 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 Lending Corp., headquartered in the US, currently does not have specific carbon emissions data available for recent years. The company is a current subsidiary of SoFi Technologies, Inc., which may influence its climate commitments and emissions reporting. As of now, SoFi Lending Corp. has not established any documented reduction targets or initiatives related to carbon emissions. The absence of specific emissions data and reduction commitments suggests that the company may still be in the early stages of developing a comprehensive climate strategy. While there are no direct emissions figures to report, it is important to note that the broader corporate family, SoFi Technologies, Inc., may have its own climate initiatives and commitments that could impact SoFi Lending Corp.'s future sustainability efforts. However, details on these initiatives are not specified in the available data. In summary, SoFi Lending Corp. currently lacks specific emissions data and reduction targets, reflecting a potential area for future development in their climate commitments.
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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 |
How Carbon Intensive is SoFi Lending Corp.'s Industry?
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SoFi Lending Corp.'s Scope 3 Categories Breakdown
SoFi Lending Corp.'s Scope 3 emissions, which increased by 41% last year and increased by approximately 41% since 2023, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 66% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 70% of Scope 3 emissions.
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SoFi Lending Corp.'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
SoFi Lending Corp. has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
