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Public Profile
Insurance Services
CA
updated 9 months ago

Desjardins Financial Corporation Inc. Sustainability Profile

Company website

Desjardins Financial Corporation Inc., commonly referred to as Desjardins, is a leading financial services provider headquartered in Canada. Established in 1900, the company has grown to become a prominent player in the financial industry, particularly in Quebec and Ontario, where it operates a vast network of credit unions and financial institutions. Desjardins offers a diverse range of products and services, including personal and commercial banking, insurance, and investment solutions. Its unique cooperative model sets it apart, prioritising member benefits and community engagement. With a strong market position, Desjardins has received numerous accolades for its commitment to sustainability and innovation, solidifying its reputation as a trusted financial partner in Canada.

DitchCarbon Score

How does Desjardins Financial Corporation 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.

39

Industry Average

Mean score of companies in the Insurance Services 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.

33

Industry Benchmark

Desjardins Financial Corporation Inc.'s score of 39 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.

61%

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Desjardins Financial Corporation Inc.'s reported carbon emissions

Inherited from Desjardins Group

Desjardins Financial Corporation Inc., headquartered in Canada, currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures in kg CO2e. The organisation is a current subsidiary of Desjardins Group, which may influence its climate commitments and reporting practices. While there are no documented reduction targets or specific climate pledges from Desjardins Financial Corporation Inc., it is important to note that its climate initiatives may be informed by the broader strategies of its parent organisation, Desjardins Group. This includes potential commitments to the Science Based Targets initiative (SBTi) and participation in the Carbon Disclosure Project (CDP), as indicated by the cascading data from the second and third levels of the corporate family relationship. As a current subsidiary, Desjardins Financial Corporation Inc. may align its climate strategies with those of the Fédération des caisses Desjardins du Québec, which operates at a higher cascade level. However, without specific emissions data or reduction targets, the organisation's individual climate impact remains unclear. In summary, while Desjardins Financial Corporation Inc. is part of a larger corporate structure that may have climate commitments, it currently lacks publicly available emissions data and defined reduction initiatives.

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20172018201920202021202220232024
Scope 1
14,036,000
00,000,000
00,000,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
Scope 2
4,890,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
0,000,000
Scope 3
27,094,000
00,000,000
00,000,000
00,000,000
0,000,000
00,000,000
00,000,000
00,000,000

How Carbon Intensive is Desjardins Financial Corporation Inc.'s Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Desjardins Financial Corporation Inc.'s primary industry is Insurance Services, which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Desjardins Financial Corporation Inc.'s Location?

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 Desjardins Financial Corporation Inc. is in CA, which has a very low grid carbon intensity relative to other regions.

Desjardins Financial Corporation Inc.'s Scope 3 Categories Breakdown

Desjardins Financial Corporation Inc.'s Scope 3 emissions, which decreased by 7% last year and decreased by approximately 52% since 2017, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 69% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 54% of Scope 3 emissions.

Top Scope 3 Categories

2024
Business Travel
54%
Purchased Goods and Services
46%

Desjardins Financial Corporation Inc.'s Climate Goals (2030 & 2050)

Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.

Desjardins Financial Corporation Inc. has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.

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?

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