Hoist Finance
Hoist Finance AB, commonly referred to as Hoist Finance, is a leading player in the financial services industry, headquartered in Sweden (SE). Founded in 1994, the company has established a strong presence across Europe, with significant operations in countries such as Germany, France, and the UK. Specialising in debt management and consumer finance, Hoist Finance offers a range of unique services, including debt purchasing and servicing, as well as personal loans. The company is recognised for its innovative approach to financial solutions, focusing on responsible lending and customer-centric practices. With a commitment to sustainable growth, Hoist Finance has achieved notable milestones, positioning itself as a trusted partner for both consumers and businesses in the financial sector. Its dedication to transparency and ethical practices further enhances its reputation in the market.
DitchCarbon Score
How does Hoist Finance'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
Hoist Finance's score of 38 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Hoist Finance's reported carbon emissions
In 2023, Hoist Finance reported total carbon emissions of approximately 1,586,000 kg CO2e. This figure includes 329,000 kg CO2e from Scope 1 emissions, 366,000 kg CO2e from Scope 2 emissions, and 890,000 kg CO2e from Scope 3 emissions. The company has demonstrated a commitment to reducing greenhouse gas (GHG) emissions, setting a medium-term target to achieve a 50% reduction from its base year levels by 2030. This target aims for an average annual reduction of about 7% in GHG emissions across both Scope 1 and Scope 2. In comparison, emissions in 2022 were approximately 1,431,000 kg CO2e, with Scope 1 at 266,000 kg CO2e, Scope 2 at 305,000 kg CO2e, and Scope 3 at 860,000 kg CO2e. The 2021 emissions were about 1,336,000 kg CO2e, comprising 239,000 kg CO2e from Scope 1, 468,000 kg CO2e from Scope 2, and 629,000 kg CO2e from Scope 3. Notably, in 2020, the total emissions were significantly lower at approximately 636,000 kg CO2e, with Scope 1 at 41,000 kg CO2e, Scope 2 at 264,000 kg CO2e, and Scope 3 at 332,000 kg CO2e. Hoist Finance's emissions data is sourced from Hoist Finance AB (publ) and reflects a consistent effort to monitor and reduce its carbon footprint. The company is not currently part of the Science Based Targets initiative (SBTi) but is actively pursuing its own reduction goals.
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| 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|
| Scope 1 | 41,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 264,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 332,000 | 000,000 | 000,000 | 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.
Hoist Finance is not participating in any 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.
