As a primarily online business that does not deal in physical products, we have focused our efforts on scope two and scope three GHG emissions. In October 2024 moved our HQ and Latvian businesses to a new office – with a sharp focus on efficiency and sustainability. Our new office space has dramatically lower carbon impact due to its smaller size, more efficient systems and energy rating. We see the climate impact opportunities arising mostly from three factors:
We reduced the space used by approximately 50% and our new HQ is rated ‘A’ in terms of energy efficiency. Our new office has the following energy efficiency rating:
Carbon impact of new offices is now considered as part of our procurement process. We will review our use of office space across the business as the opportunity arises.”
4finance’s web operations are cloud-based, which offers significant energy and carbon savings compared to hosting our own operations on our own servers, as well as providing our stakeholders with greater resilience in the face of challenges such as pandemics, or the risk of service disruption due to problems at any one site.