Ethifinance Sustainability Profile
Ethifinance, headquartered in France, is a pioneering firm in the sustainable finance sector, specialising in ESG (Environmental, Social, and Governance) ratings and assessments. Founded in 2015, the company has rapidly established itself as a leader in providing transparent and reliable sustainability metrics for investors and corporations alike. With a focus on promoting responsible investment practices, Ethifinance offers a range of unique services, including tailored ESG analysis and impact assessments. Their innovative approach combines rigorous data analysis with a commitment to ethical finance, setting them apart in a competitive market. Recognised for their contributions to sustainable finance, Ethifinance has achieved significant milestones, including partnerships with major financial institutions across Europe. Their dedication to enhancing the understanding of sustainability in investment decisions positions them as a key player in the evolving landscape of responsible finance.
DitchCarbon Score
How does Ethifinance'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
Ethifinance's score of 33 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Ethifinance's reported carbon emissions
In 2023, Ethifinance reported total carbon emissions of approximately 4,080,000 kg CO2e, comprising 1,856,000 kg CO2e from Scope 1 and 2,415,000 kg CO2e from Scope 2 emissions. Notably, there were no reported Scope 3 emissions. This data reflects a significant increase in emissions compared to 2022, where the company recorded about 2,400 kg CO2e (1,400 kg CO2e from Scope 1 and 1,000 kg CO2e from Scope 2). The emissions data for 2021 indicates a more complex picture, with total emissions of approximately 44,287,340 kg CO2e, primarily driven by Scope 3 emissions (44,287,340 kg CO2e), alongside 38,500 kg CO2e from Scope 1 and 464,890 kg CO2e from Scope 2. This suggests a substantial reliance on indirect emissions sources. Ethifinance is a current subsidiary of EthiFinance SAS, which may influence its emissions reporting and climate commitments. However, there are currently no specific reduction targets or climate pledges documented, indicating a potential area for future development in their sustainability strategy. The absence of reduction initiatives or SBTi targets suggests that Ethifinance may need to enhance its climate action framework to align with industry standards and expectations.
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| 2021 | 2022 | 2023 | |
|---|---|---|---|
| Scope 1 | 1,300 | 0,000 | 0,000,000 |
| Scope 2 | 1,000 | 0,000 | 0,000,000 |
| Scope 3 | - | - | - |
How Carbon Intensive is Ethifinance's Industry?
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Ethifinance'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.
Ethifinance 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.
