SoFi Technologies Inc
SoFi Technologies's GHG Emissions Data Preview
In 2023, SoFi Technologies completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
SoFi Technologies has also provided a category-level breakdown for 2 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data. | 0000000 |
This table provides a simplified preview of selected GHG emissions data points. To access the complete dataset with full disclosures, detailed breakdowns, and source traceability, create a free account to view purchase options.
Insights into SoFi Technologies's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of SoFi Technologies amounted to 2,221.6 metric tons of CO2 equivalent. This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).
SoFi Technologies's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are SoFi Technologies's Scope 1 emissions?
In 2023, the total Scope 1 emissions of SoFi Technologies were 328.3 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
What are SoFi Technologies's Scope 2 emissions?
In 2023, SoFi Technologies reported Scope 2 greenhouse gas (GHG) emissions of 1,730.3 tCOâ‚‚e using the market-based method and 1,893.3 tCOâ‚‚e using the location-based method.
What methodology does SoFi Technologies use for Scope 2 reporting?
In 2023, SoFi Technologies reported its Scope 2 emissions using the market-based method and using the location-based method.
SoFi Technologies's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into SoFi Technologies's Value Chain Emissions
In 2023, SoFi Technologies reported 2,328.4 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.
The 2023 disclosure of SoFi Technologies includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, up from 0 in , reflecting improved emissions accounting practices and greater transparency across the company's value chain
SoFi Technologies's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are SoFi Technologies's Scope 3 emissions?
In 2023, SoFi Technologies reported total Scope 3 emissions of 2,328.4 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).
Approximately 100% of these emissions originated from upstream activities such as purchased goods and capital goods, while 0% came from downstream activities like product use, distribution, and end-of-life treatment.
What categories of Scope 3 emissions does SoFi Technologies disclose?
In 2023, SoFi Technologies reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol.
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of SoFi Technologies's Scope 3 emissions?
In 2023, the largest contributors to SoFi Technologies's Scope 3 emissions were:
- Business Travel (Cat. 6): 1,453.5 tCOâ‚‚e (62.42%)
- Employee Commuting (Cat. 7): 874.9 tCOâ‚‚e (37.58%)
SoFi Technologies's Scope 3 Emissions by Categories
Insights into SoFi Technologies's Total Carbon Footprint
In 2023, SoFi Technologies reported a total carbon footprint of 4,550 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions.
The largest contributor to SoFi Technologies's total carbon footprint was Scope 3 emissions, accounting for 51.17% of the company's total carbon footprint, followed by Scope 2 emissions at 41.61%.