The FinTech Impact Report: Working through the world’s to-do list #FinTechforPlanet Only 9% of FinTechs are having a positive impact on the planet, with consumption and emissions outweighing their benefits Planet is the only impact category with an overall negative Net Impact Rating (NIR) in our assessment. This is driven largely by the emissions impact of FinTech. Indirect greenhouse gas (GHG) emissions associated with 37 financial institutions’ investing, lending and underwriting are on average over 700 times higher than the direct emissions that come from daily operations. To mitigate this negative impact, FinTechs will need to provide sustainable financing, consume clean energy and minimise e-waste. They will also need to extend the practices they’ve pioneered, such as analytics for Impact Investing and digital services that reduce paper consumption. They should also minimise the need for travel between physical places.