SoFi Technologies Inc
SoFi Technologies's GHG Emissions Data Preview
In 2024, 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 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data. | 0000000 |
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aVerified Sources Behind SoFi Technologies’s Greenhouse Gas (GHG) Emissions Data
Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore SoFi Technologies’s data sources below and access millions more through our Disclosure Search.
Insights into SoFi Technologies's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions of SoFi Technologies amounted to 1,888.6 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). a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of SoFi Technologies decreased by 14.99%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a
SoFi Technologies's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are SoFi Technologies's Scope 1 emissions?
In 2024, the total Scope 1 emissions of SoFi Technologies were 293.2 metric tons of CO₂ equivalent (tCO₂e). a
Compared to the previous year (2023), SoFi Technologies's Scope 1 emissions decreased by 10.69%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are SoFi Technologies's Scope 2 emissions?
In 2024, SoFi Technologies reported Scope 2 greenhouse gas (GHG) emissions of 1,434.4 tCO₂e using the market-based method and 1,595.4 tCO₂e using the location-based method. a
Has SoFi Technologies reduced its Scope 2 emissions over time?
Compared to the previous year (2023), SoFi Technologies's Scope 2 emissions (Location-Based) fell by 15.73% in 2024, showing that the company has made progress in taking action to reduce the climate impact of its energy consumption. a
What methodology does SoFi Technologies use for Scope 2 reporting?
In 2024, SoFi Technologies reported its Scope 2 emissions using the market-based method and using the location-based method. a
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 2024, SoFi Technologies reported 3,288.7 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2024 disclosure of SoFi Technologies includes a breakdown across 2 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2023, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
SoFi Technologies's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are SoFi Technologies's Scope 3 emissions?
In 2024, SoFi Technologies reported total Scope 3 emissions of 3,288.7 metric tons of CO₂ equivalent (tCO₂e). a
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. a
Compared to the previous year (2023), SoFi Technologies's Scope 3 emissions increased by 41.24%, suggesting that the company faced challenges in reducing emissions across its value chain. a
What categories of Scope 3 emissions does SoFi Technologies disclose?
In 2024, SoFi Technologies reported emissions for 2 out of the 15 Scope 3 categories defined by the GHG Protocol. a
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 2024, the largest contributors to SoFi Technologies's Scope 3 emissions were: a
- Business Travel (Cat. 6): 2,311.1 tCO₂e (70.27%)
- Employee Commuting (Cat. 7): 977.6 tCO₂e (29.73%)
SoFi Technologies's Scope 3 Emissions by Categories
Insights into SoFi Technologies’s GHG Emissions Intensity Compared to Industry Peers
In 2024, SoFi Technologies reported Scope 1 greenhouse gas (GHG) emissions of 293.2 tCO₂e and total revenues of USD 2,613 millions. This translates into an emissions intensity of 0.11 tCO₂e per millions USD. a
SoFi Technologies's Scope 1 Emissions Intensity Compared to Peers
How does SoFi Technologies's GHG emissions intensity compare to its peers?
In 2024, SoFi Technologies reported a Scope 1 emissions intensity of 0.11 tCO₂e per millions USD. Compared to the peer group median of 0.24 , this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors. a
Where does SoFi Technologies rank on GHG emissions intensity within its industry?
In 2024, SoFi Technologies ranked 11 out of 24 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCO₂e per millions USD). a
SoFi Technologies is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency. a
Insights into SoFi Technologies's Total Carbon Footprint
In 2024, SoFi Technologies reported a total carbon footprint of 5,177.3 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 13.79% increase compared to 2023, suggesting a rise in emissions across its operations or value chain. a
The largest contributor to SoFi Technologies's total carbon footprint was Scope 3 emissions, accounting for 63.52% of the company's total carbon footprint, followed by Scope 2 emissions at 30.82%. a