Public Profile

Fairstone Financial Inc.

Fairstone Financial Inc., a leading provider of financial solutions in Canada, is headquartered in the vibrant city of Montreal, Quebec. Established in 2004, the company has carved a niche in the consumer finance industry, specialising in personal loans and credit products tailored to meet diverse customer needs. With a strong presence across major operational regions in Canada, Fairstone is committed to offering accessible financial services that empower individuals and families. The company’s core offerings include unsecured personal loans, home equity loans, and retail financing, distinguished by their flexible terms and competitive rates. Fairstone's dedication to responsible lending and customer-centric solutions has positioned it as a trusted partner in the financial landscape. Notable achievements include a robust market presence and a commitment to innovation, ensuring that Fairstone remains at the forefront of the evolving financial services sector.

DitchCarbon Score

How does Fairstone Financial Inc.'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.

25

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.

27

Industry Benchmark

Fairstone Financial Inc.'s score of 25 is lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.

44%

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Fairstone Financial Inc.'s reported carbon emissions

In 2022, Fairstone Financial Inc. reported total carbon emissions of approximately 2,607,000 kg CO2e, comprising 1,707,000 kg CO2e from Scope 1 and 901,000 kg CO2e from Scope 2. This reflects a slight increase in emissions compared to 2021, when the company recorded about 2,589,000 kg CO2e, with 1,645,000 kg CO2e from Scope 1 and 904,000 kg CO2e from Scope 2. Currently, Fairstone does not disclose any Scope 3 emissions data, nor do they have specific reduction targets or initiatives outlined in their climate commitments. As such, their climate strategy appears to be in the early stages, lacking formalised reduction goals or pledges. The company is headquartered in Canada and is expected to enhance its climate commitments in line with industry standards as it progresses in its sustainability journey.

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20212022
Scope 1
1,645,000
0,000,000
Scope 2
904,000
000,000
Scope 3
-
-

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Fairstone Financial Inc.'s primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Fairstone Financial Inc. is in CA, which has a low grid carbon intensity relative to other regions.

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.

Fairstone Financial Inc. 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers