Solaris Sustainability Profile
Solaris, officially known as Solaris Group, is a prominent player in the financial technology sector, headquartered in Germany. Founded in 2016, the company has rapidly established itself as a leader in providing innovative banking and payment solutions, primarily serving the European market. With a focus on digital banking, Solaris offers a range of core products and services, including banking-as-a-service and payment processing solutions. Their unique approach combines cutting-edge technology with regulatory compliance, enabling businesses to seamlessly integrate financial services into their platforms. Recognised for its commitment to innovation, Solaris has achieved significant milestones, including partnerships with major fintech companies and a growing client base across Europe. This positions Solaris as a key contributor to the evolving landscape of digital finance, making it a trusted choice for businesses seeking reliable and scalable financial solutions.
DitchCarbon Score
How does Solaris'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
Solaris's score of 47 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Solaris's reported carbon emissions
In 2024, Solaris reported total carbon emissions of approximately 13,575,000 kg CO2e for Scope 1 and about 13,762,000 kg CO2e for Scope 2, resulting in combined emissions of around 27,337,000 kg CO2e. In 2023, the company recorded similar figures, with Scope 1 emissions at about 13,615,000 kg CO2e and Scope 2 emissions at approximately 14,448,000 kg CO2e, leading to total emissions of around 28,061,000 kg CO2e. Solaris has set ambitious reduction targets, aiming to decrease its carbon footprint by 60% for both Scope 1 and Scope 2 emissions by 2027, starting from 2023 levels. This commitment reflects a proactive approach to climate action, aligning with industry standards for sustainability. The company does not currently disclose Scope 3 emissions data, which encompasses indirect emissions from the value chain. However, it is essential to note that emissions data is not cascaded from any parent organisation, ensuring that the reported figures are solely from Solaris. Overall, Solaris is actively working towards significant emissions reductions while maintaining transparency in its climate commitments.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 2,270 | 00,000,000 | 00,000,000 |
| Scope 2 | 83,250 | 00,000,000 | 00,000,000 |
| Scope 3 | 11,360 | - | - |
How Carbon Intensive is Solaris's Industry?
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Solaris's Scope 3 Categories Breakdown
Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 12% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 45174% of Scope 3 emissions.
Top Scope 3 Categories
Solaris'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.
Solaris has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
