Finsolutia unifies its carbon footprint measurement across Spain and Portugal

From country-by-country processes to a common platform that enables comparable and traceable carbon footprint reporting for the entire company.

Finsolutia is a financial services company with operations in Spain and Portugal, specialised in asset management and financial intermediation. With sustainability teams in both countries, they needed a system enabling coordinated work and consolidated corporate footprint reporting.

Before

The previous situation

Independent processes per country

Spain and Portugal managed their sustainability data completely separately, with no way to consolidate or compare the footprint across both subsidiaries.

Misaligned methodologies

Each country used different approaches and tools, making comparability and the generation of a coherent corporate report difficult.

Incomplete Scope 3 coverage

The most relevant Scope 3 categories for the financial sector, such as business travel or purchases, were not systematically measured.

Regulatory and client pressure

The entry into force of the CSRD and growing demands from institutional clients drove the need for verifiable and auditable data.

After

With Dcycle

Unified platform for Spain and Portugal

Both subsidiaries work on the same platform, with country-separated data and the ability to consolidate the group's total footprint.

Common methodology and comparable data

A shared methodological framework ensuring comparability between countries and year-on-year consistency of the corporate report.

Full coverage of all three scopes

Scopes 1, 2 and 3 measured systematically, with special attention to the categories most relevant to the financial services sector.

Data ready for CSRD and institutional clients

Structured and traceable reports enabling response to CSRD requirements and information requests from institutional clients and auditors.

Continuous improvement

From fragmentation to multi-country consolidation

Methodological alignment

Definition of a common framework for both countries: same categories, same emission factors and same reporting structure.

Consistent inclusion criteria across Spain and Portugal.
Foundation for consolidating the group report.

Simultaneous implementation

Parallel onboarding of teams in Spain and Portugal, with joint sessions and country-specific support according to their particularities.

Teams from both countries operational from the start.
Structured process with clear country-level owners.

Scope 3 expansion

Progressive incorporation of the most relevant categories for the financial sector: business travel, purchases and value chain categories.

More than 3 years of historical data available.
Coverage of the most relevant GHG Protocol categories.

Consolidated corporate reporting

Generation of the group sustainability report with data from both countries, full traceability and alignment with the CSRD's ESRS standards.

Consolidated report ready for external auditors.
Year-on-year comparable data between Spain and Portugal.

Results

Results that transform the company

years of data history across two countries

21 ton

CO₂e measured in the first year

100%

coverage of Scopes 1, 2 & 3

"Dcycle gave us the structure and methodology we needed to manage our footprint across two countries coherently. Now we have comparable data and can report with confidence."

Teresa de Vicente Sustainability Manager, Spain

"The simultaneous implementation in Spain and Portugal was key. Being able to work from the start with the same tool and the same criteria saved us a lot of time and avoided inconsistencies."

Sónia Luz Sustainability Manager, Portugal

Support

Support designed for multi-country expansion

The Dcycle team coordinated the parallel onboarding of teams in Spain and Portugal, ensuring methodological coherence and data comparability from day one.

Definition of the common methodological framework for both countries
Parallel onboarding with joint sessions for both teams
Country-specific support for each country's regulatory particularities
Support for group report generation and CSRD compliance

Our team

The people behind the impact

Teresa de Vicente

Finsolutia

Cecilia Bayas

Dcycle

Ana Romero