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OrganisationsSolaris
Solaris logo

Solaris

Financial IntermediationGermanyTSX: SLS.TO
Last verified 21 days agosolarisgroup.com

Solaris, officially known as Solaris SE, is a prominent player in the financial intermediation services sector, headquartered in Germany. Founded in 2016, the company has rapidly established itself as a leader in providing innovative banking-as-a-service solutions, primarily catering to fintechs and digital businesses across Europe.

With a focus on seamless integration and user-friendly interfaces, Solaris offers a range of core products, including payment processing, account management, and lending services. Its unique approach combines cutting-edge technology with regulatory expertise, enabling clients to launch financial products efficiently and compliantly.

Recognised for its robust market position, Solaris has achieved significant milestones, including partnerships with major fintech firms and a growing client base. As a forward-thinking entity in the financial services landscape, Solaris continues to redefine the boundaries of traditional banking.

38
DitchCarbon score

+3 vs industry average

Solaris’s score of 38 is higher than 54% of the industry. This can give you a sense of how well the company is doing compared to its peers.

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Industry Intensity

Very Low

Financial Intermediation is among the least carbon-intensive industries

Industry performance

0.062
20192025

The Financial Intermediation industry has increased its overall emissions by 11% since 2019

Emissions trajectory 2020 – 2026

00.0M00.0M00.0M00.0M0

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2020202120222023202420252026

Reported emissions

Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e

Scope 3 accounts for ••• of total emissions.

Solaris's reported carbon emissions

Solaris, headquartered in Germany and operating in financial intermediation services, has reported its carbon emissions and outlined climate commitments. In 2023, Solaris's total carbon emissions were approximately 9,133,440 kg CO2e. This figure comprises Scope 1 emissions of about 29,470 kg CO2e, Scope 2 emissions totalling around 88,950 kg CO2e, and Scope 3 emissions amounting to approximately 9,015,020 kg CO2e. The primary contributor to Scope 3 emissions was purchased goods and services, accounting for about 8,738,670 kg CO2e. The company has set a significant target to further reduce its group carbon footprint by 60% by 2027, across both Scope 1 and Scope 2 emissions, based on 2023 data. Solaris also aims to achieve net zero emissions by 2050, covering Scope 1 and Scope 2 emissions. Previous emissions data includes: * **2022:** Total emissions were approximately 6,410,850 kg CO2e, with Scope 1 at about 3,490 kg CO2e, Scope 2 at approximately 29,170 kg CO2e, and Scope 3 at about 6,376,090 kg CO2e. Purchased goods and services were the largest Scope 3 category. * **2021:** The company reported Scope 1 and 2 emissions of approximately 36,929,000 kg CO2e. Scope 3 data was not disclosed for this year. * **2020:** Scope 1 and 2 emissions were approximately 41,493,000 kg CO2e. Scope 3 data was not disclosed. * **2019:** Scope 1 and 2 emissions totalled around 42,308,000 kg CO2e. Scope 3 data was not disclosed. Solaris is not currently reporting cascaded emissions data from a parent or related organisation.

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Solaris’s Climate Goals (2030 & 2050)

4 goals

2027

60% reduction in Scope 1

Further reduce group carbon footprint by 60% by 2027.

At risk60%

2030

62% reduction in total GHG

Vs 2019 baseline. Validated by SBTi. Includes full supply chain.

At risk48%

2040

50% reduction in Scope 3 intensity

Across purchased goods and services and logistics.

Behind target22%

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Scope 3 top emissions categories

5 of 15 categories disclosed
Purchased Goods & Services96%
Employee Commuting3%
Business Travel1%
Fuel & Energy Activities0%
Waste Generated in Operations0%
Purchased Goods & Services96%
Employee Commuting3%
Business Travel1%
Fuel & Energy Activities0%
Waste Generated in Operations0%

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Climate initiatives

SCIENCE BASED TARGETS

Science Based Targets Initiative

See details
Not active
CDP

Carbon Disclosure Project

See details
Not active
THE CLIMATE PLEDGE

The Climate Pledge

See details
Not active
United Nations Global Compact

UN Global Compact Climate Champions initiative

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Not active
RE 100

RE 100

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Not active
Climate Action 100+

Climate Action 100

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Not active

Emissions comparison with industry peers

View similar organisations
CompanyCountryIndustryLast updatedScoreDetails
Solaris logoSolaris
DEFinancial Intermediation
21 days ago
38
Covia logoCovia
USSalt and Mineral Mining
18 days ago
26
View
Dril Quip logoDril Quip
USBusiness Services
8 days ago
25
View
Halliburton logoHalliburton
USCrude Oil Extraction
8 days ago
21
View
Oil States logoOil States
USGas/Diesel Oil
24 days ago
19
View
RPC, Inc. logoRPC, Inc.
USCrude Oil Extraction
3 days ago
18
View
Select Water Solutions logoSelect Water Solutions
USWater Distribution
17 days ago
11
View

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