Solaris
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 37 is higher than 62% 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 2023, Solaris reported total carbon emissions of approximately 9,130,390 kg CO2e, with emissions distributed across various scopes: 29,470 kg CO2e (Scope 1), 88,950 kg CO2e (Scope 2), and 9,105,970 kg CO2e (Scope 3). The Scope 3 emissions were significantly driven by purchased goods and services, accounting for about 8,738,670 kg CO2e. In comparison, the 2022 emissions data indicated a total of approximately 6,376,250 kg CO2e, with Scope 1 emissions at 3,490 kg CO2e, Scope 2 at 29,170 kg CO2e, and Scope 3 at 6,376,090 kg CO2e. This reflects a substantial increase in emissions from 2022 to 2023, particularly in Scope 3. Solaris has set ambitious reduction targets, aiming for a 60% reduction in its carbon footprint for both Scope 1 and Scope 2 emissions by 2027, starting from the 2023 baseline. This commitment underscores the company's proactive approach to addressing its environmental impact. The emissions data is not cascaded from any parent company, indicating that Solaris is independently reporting its carbon footprint. The company is also engaged in initiatives such as the CDP and the Race to Zero campaign, further demonstrating its commitment to climate action.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 3,490 | 00,000 |
| Scope 2 | 29,170 | 00,000 |
| Scope 3 | 6,376,090 | 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.
Solaris is participating in some 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.
