- Scope 3 emissions are challenging to measure and evaluate, particularly purchased goods and services.
- Future emission reductions may require improvements in green technologies not expected before 2030.
Finastra
Greenhouse gas emissions & sustainability report data
In its 2023 reporting, Finastra disclosed greenhouse gas emissions of 27.4 KtCO2e/year. By scope: Scope 1: 0.5 KtCO2e/year; Scope 2: 4.5 KtCO2e/year; Scope 3: 22.4 KtCO2e/year. Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
27.4 KtCO2e/year
2023
📊 Emissions by Scope (2023)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 0.5 KtCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 4.5 KtCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 22.4 KtCO2e/year |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
✅ Reported Environmental Achievements
- Reduced carbon emissions by 61% from 2019 baseline
- Closed 5 Finastra-operated data centers in 2023
- Migrated GHG accounting software to Watershed for improved accuracy
- Purchased carbon credits to offset 100% of Scope 1 and 2 emissions and 20% of Scope 3 emissions
🎯 Climate & Sustainability Targets
🔜 Short-term
- Reduce Scope 1 and 2 emissions by 50% by 2025
🔭 Long-term
- Achieve net-zero emissions by 2050
🌱 ESG Focus Areas
Climate ChangeDiversity, Equity, and InclusionFinancial InclusionEthical ConductResponsible AI