Solactive Sustainability Profile
Solactive AG, headquartered in Germany, is a prominent player in the financial services industry, specialising in index development and calculation. Founded in 2007, the company has rapidly established itself as a leader in the creation of innovative and customisable indices, catering to a diverse range of asset classes and investment strategies. With a strong operational presence across Europe, North America, and Asia, Solactive offers a unique suite of products, including equity, fixed income, and cryptocurrency indices. Their commitment to transparency and flexibility sets them apart in a competitive market. Notably, Solactive has achieved significant milestones, such as being recognised for its rapid growth and technological advancements in index solutions, solidifying its position as a trusted partner for asset managers and financial institutions worldwide.
DitchCarbon Score
How does Solactive'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
Solactive's score of 35 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Solactive's reported carbon emissions
In 2023, Solactive AG reported total carbon emissions of approximately 461,700 kg CO2e. This figure includes 60,100 kg CO2e from Scope 2 emissions and a significant 401,560 kg CO2e from Scope 3 emissions, which encompasses 203,670 kg CO2e from business travel and 110,290 kg CO2e from employee commuting. Notably, there were no reported Scope 1 emissions. Comparatively, in 2022, total emissions were about 464,700 kg CO2e, with Scope 2 emissions at 61,600 kg CO2e and Scope 3 emissions at 403,100 kg CO2e. This indicates a slight reduction in overall emissions year-on-year. Solactive AG has set ambitious targets to address its greenhouse gas emissions. The company is committed to reducing its Scope 1 and Scope 2 emissions by 46% by 2030, using 2019 as the base year. This target has been validated by the Science Based Targets initiative (SBTi) and aligns with the necessary reductions to limit global warming to 1.5°C. Additionally, Solactive AG aims to measure and reduce its Scope 3 emissions, reflecting a comprehensive approach to climate action. The emissions data and reduction targets are sourced directly from Solactive AG, with no cascading from a parent or related organization.
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| 2015 | 2016 | 2017 | 2018 | 2019 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 28,000 | 00,000 | 00,000 | 00,000 | 00,000 | - | - | - |
| Scope 2 | 7,504,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 00,000 | 00,000 | 00,000 |
| Scope 3 | 4,048,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000 | 000,000 | 000,000 |
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Solactive's Scope 3 Categories Breakdown
Solactive's Scope 3 emissions, which decreased by 0% last year and decreased by approximately 90% since 2015, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 51% of Scope 3 emissions.
Top Scope 3 Categories
Solactive'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.
Solactive 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 Solactive's sustainability data and climate commitments