Funding Circle
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 46 is higher than 96% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Funding Circle's reported carbon emissions
In 2023, Funding Circle reported total carbon emissions of approximately 3,730,000 kg CO2e. This figure includes 108,000 kg CO2e from Scope 1 emissions and 190,000 kg CO2e from Scope 2 emissions, with significant contributions from Scope 3 emissions, particularly 9,217,000 kg CO2e from purchased goods and services and 740,000 kg CO2e from business travel. In 2022, the company recorded total emissions of about 630,000 kg CO2e, with Scope 1 emissions at 77,000 kg CO2e and Scope 2 emissions at 239,000 kg CO2e. The Scope 3 emissions for that year were notably high, primarily due to business travel, which accounted for 563,000 kg CO2e. Over the years, Funding Circle's emissions have fluctuated, with a total of 731,000 kg CO2e in 2020 and 585,000 kg CO2e in 2021. The company has not set specific reduction targets or climate pledges, indicating a potential area for improvement in their climate commitments. Overall, while Funding Circle has made strides in tracking its carbon footprint, the absence of defined reduction initiatives suggests a need for a more structured approach to climate action.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 147,000 | 000,000 | 000,000 | 00,000 | 000,000 |
| Scope 2 | 493,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | - | 00,000 | 000,000 | 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.
Funding Circle is not committed to any reduction initiatives 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.
