Funding Circle Sustainability Profile
Funding Circle, a leading online marketplace for business loans, is headquartered in the United Kingdom and operates across major regions including the US, Germany, and the Netherlands. Founded in 2010, the company has revolutionised the way small businesses access finance, connecting them directly with investors seeking to lend. Specialising in peer-to-peer lending, Funding Circle offers a range of loan products tailored to the needs of small and medium-sized enterprises (SMEs). Its unique platform allows for quick and efficient loan approvals, setting it apart in the competitive fintech landscape. With over £10 billion lent to businesses globally, Funding Circle has established itself as a market leader, recognised for its commitment to supporting the growth of SMEs and driving economic development.
DitchCarbon Score
How does Funding Circle'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
Funding Circle's score of 58 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Funding Circle's reported carbon emissions
In 2024, Funding Circle reported total carbon emissions of approximately 7,147,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 7,147,000 kg CO2e. Scope 2 emissions were reported at approximately 51,000 kg CO2e. In 2023, the company recorded total emissions of about 10,949,000 kg CO2e, including 108,000 kg CO2e from Scope 1 and 265,000 kg CO2e from Scope 2. The Scope 3 emissions for that year were approximately 10,651,000 kg CO2e, highlighting the substantial impact of purchased goods and services, which alone contributed about 9,217,000 kg CO2e. Funding Circle has not set specific reduction targets or initiatives as part of their climate commitments, and there are no SBTi (Science Based Targets initiative) reduction targets reported. The company’s emissions data is not cascaded from a parent organization, indicating that all reported figures are directly from Funding Circle Holdings plc. Overall, Funding Circle's emissions profile reflects a significant reliance on Scope 3 emissions, particularly from purchased goods and services, underscoring the need for targeted strategies to address these areas in their climate commitments.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 147,000 | 000,000 | 000,000 | 00,000 | 000,000 | - |
| Scope 2 | 493,000 | 000,000 | 000,000 | 000,000 | 000,000 | 00,000 |
| Scope 3 | - | 00,000 | 000,000 | 000,000 | 00,000,000 | 0,000,000 |
How Carbon Intensive is Funding Circle's Industry?
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Funding Circle's Scope 3 Categories Breakdown
Funding Circle's Scope 3 emissions, which decreased by 33% last year and increased significantly since 2020, demonstrating supply chain emissions tracking. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 80% of Scope 3 emissions.
Top Scope 3 Categories
Funding Circle'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.
Funding Circle 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.
