Vancouver City Savings Credit Union
Vancouver City Savings Credit Union, commonly known as Vancity, is a prominent financial institution headquartered in Vancouver, Canada. Established in 1946, Vancity has grown to become one of the largest credit unions in Canada, serving the Greater Vancouver area and beyond. Operating within the financial services industry, Vancity focuses on providing a range of products and services, including personal and business banking, investment solutions, and sustainable financing options. What sets Vancity apart is its commitment to social responsibility and community investment, making it a leader in ethical banking practices. With a strong market position, Vancity has received numerous accolades for its innovative approach to financial services, emphasising sustainability and member engagement. This dedication to community and environmental stewardship continues to define Vancity's mission and vision in the evolving financial landscape.
DitchCarbon Score
How does Vancouver City Savings Credit Union'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.
Industry Average
Mean score of companies in the Services Auxiliary to 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.
Industry Benchmark
Vancouver City Savings Credit Union's score of 33 is higher than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Vancouver City Savings Credit Union's reported carbon emissions
In 2024, Vancouver City Savings Credit Union (Vancity) reported total carbon emissions of approximately 235,119,000 kg CO2e, with 91,000 kg CO2e attributed to Scope 2 emissions from purchased electricity. This marks an increase from 2023, when total emissions were about 209,054,000 kg CO2e, with Scope 2 emissions at 102,000 kg CO2e. Vancity has made significant strides in reducing its carbon footprint. Since 2007, the credit union has achieved a 9% reduction in both Scope 1 and Scope 2 emissions based on an updated baseline. Additionally, from 2020 to 2021, Vancity reported a notable 15% reduction in absolute Scope 1 and 2 emissions related to its business loans for operational purposes. The credit union's commitment to sustainability is further evidenced by its long-term goal of achieving a 56% reduction in greenhouse gas emissions across all scopes since 2012. This commitment reflects Vancity's proactive approach to addressing climate change and its impact on the community. Overall, Vancity's emissions data and reduction initiatives highlight its dedication to environmental sustainability and responsible financial practices within the credit union sector in Canada.
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| 2010 | 2016 | 2017 | 2018 | 2019 | 2020 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,058,000 | - | - | - | - | - | - | - |
| Scope 2 | 385,000 | - | - | - | - | - | 000,000 | 00,000 |
| Scope 3 | 3,340,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 | - | - |
Industry emissions intensity
Location emissions intensity
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.
Vancouver City Savings Credit Union 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.
