Finastra
Finastra, a leading global financial technology company headquartered in Great Britain, has been at the forefront of innovation since its establishment in 2017. Formed through the merger of Misys and D+H, Finastra operates across key regions including North America, Europe, and Asia-Pacific, providing comprehensive solutions for the banking, capital markets, and insurance sectors. The company offers a diverse range of core products and services, including its Fusion software suite, which uniquely integrates advanced analytics and cloud capabilities to enhance operational efficiency. Finastra's commitment to open banking and collaboration has positioned it as a market leader, enabling financial institutions to adapt to evolving customer needs and regulatory demands. With a strong focus on digital transformation, Finastra continues to achieve significant milestones, solidifying its reputation as a trusted partner in the financial services industry.
DitchCarbon Score
How does Finastra'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
Finastra's score of 60 is higher than 78% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Finastra's reported carbon emissions
In 2023, Finastra reported total carbon emissions of approximately 27,437,000 kg CO2e, a decrease from about 30,014,000 kg CO2e in 2022. The emissions breakdown for 2023 includes 519,000 kg CO2e from Scope 1, 4,477,000 kg CO2e from Scope 2, and a significant 22,441,000 kg CO2e from Scope 3 emissions. This reflects a continued commitment to reducing their carbon footprint across all scopes. Finastra has set ambitious climate targets, aiming for net zero emissions by 2050, in line with the Science Based Targets initiative (SBTi). They have established interim goals to reduce Scope 1 and 2 emissions by 50% by 2025, using a 2019 baseline, and to achieve a 70.4% reduction in absolute Scope 1 and 2 emissions by 2034. Additionally, they aim to cut Scope 3 emissions by 63% within the same timeframe. These commitments are part of Finastra's broader strategy to address climate change and align with global sustainability efforts. The emissions data and targets are cascaded from their parent company, Finastra Group Holdings Limited, ensuring a unified approach to environmental responsibility across the corporate family.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 1,182,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 9,920,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 58,917,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
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.
Finastra 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.
