SoFi
SoFi, officially known as Social Finance, Inc., is a leading financial technology company headquartered in the United States. Founded in 2011, SoFi has rapidly established itself in the fintech industry, primarily focusing on personal finance, student and personal loans, mortgage refinancing, and investment services. With a commitment to empowering individuals to achieve financial independence, SoFi offers unique products such as its SoFi Invest platform and SoFi Money cash management account. Operating across major regions in the US, SoFi has achieved significant milestones, including its public listing in 2021 through a merger with a special purpose acquisition company (SPAC). Renowned for its user-friendly digital experience and comprehensive financial solutions, SoFi has positioned itself as a trusted partner for millions seeking to manage their finances effectively.
DitchCarbon Score
How does SoFi'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
SoFi's score of 55 is higher than 76% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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SoFi's reported carbon emissions
In 2024, SoFi reported total carbon emissions of approximately 5,016,400 kg CO2e, with emissions distributed across various scopes: 293,200 kg CO2e from Scope 1, 1,434,400 kg CO2e from Scope 2, and 3,289,700 kg CO2e from Scope 3, which includes 2,311,100 kg CO2e from business travel and 977,600 kg CO2e from employee commuting. This represents an increase from 2023, where total emissions were about 4,387,000 kg CO2e, with Scope 1 at 328,300 kg CO2e, Scope 2 at 1,730,300 kg CO2e, and Scope 3 at 2,336,400 kg CO2e. SoFi has set ambitious near-term climate commitments, aiming for significant greenhouse gas (GHG) reductions across both Scope 1 and Scope 2 emissions by 2025, as part of their journey towards net zero. The specific reduction targets for these scopes have not been quantified but reflect a commitment to sustainability and climate responsibility. The emissions data is sourced directly from SoFi Technologies, Inc., with no cascading from a parent or related organization. SoFi's ongoing efforts to address climate change are indicative of a broader trend within the financial services industry, where companies are increasingly prioritising environmental sustainability.
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| 2022 | 2023 | 2024 | |
|---|---|---|---|
| Scope 1 | 352,500 | 000,000 | 000,000 |
| Scope 2 | 2,049,200 | 0,000,000 | 0,000,000 |
| Scope 3 | - | 0,000,000 | 0,000,000 |
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.
SoFi 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.
