Finastra Sustainability Profile
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 63 is higher than 79% 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 27.4 million kg CO2e, comprising 519,000 kg CO2e from Scope 1, 4,477,000 kg CO2e from Scope 2, and 22,441,000 kg CO2e from Scope 3 emissions. This represents a decrease from 2022, where total emissions were about 30.0 million kg CO2e, with Scope 1 at 508,000 kg CO2e, Scope 2 at 5,406,000 kg CO2e, and Scope 3 at 24,100,000 kg CO2e. Finastra has set ambitious climate commitments, aiming for net-zero emissions by 2050, in line with the Science Based Targets initiative (SBTi). The company has established interim targets to reduce its Scope 1 and 2 emissions by 50% by 2025, using a 2019 baseline, and aims for a 70.4% reduction in absolute Scope 1 and 2 emissions by 2034. Additionally, Finastra is committed to reducing its 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 goals. The emissions data and targets are cascaded from its parent company, Finastra Group Holdings Limited, reflecting a corporate commitment to environmental responsibility.
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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 |
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Finastra'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.
Finastra 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.
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Frequently Asked Questions
Common questions about Finastra's sustainability data and climate commitments