Business Development Bank of Canada
The Business Development Bank of Canada (BDC) is a pivotal financial institution headquartered in Ottawa, Ontario, serving entrepreneurs across Canada. Established in 1944, BDC has evolved to become a leader in the Canadian business landscape, focusing on small and medium-sized enterprises (SMEs) in various sectors, including technology, manufacturing, and services. BDC offers a range of unique financial products and services, including tailored financing solutions, advisory services, and venture capital, designed to support the growth and innovation of Canadian businesses. With a commitment to fostering entrepreneurship, BDC has achieved notable milestones, such as being a key player in financing over 50,000 businesses nationwide. Its strong market position is underscored by its dedication to helping Canadian entrepreneurs succeed in an increasingly competitive environment.
DitchCarbon Score
How does Business Development Bank of Canada'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 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
Business Development Bank of Canada's score of 42 is higher than 67% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Business Development Bank of Canada's reported carbon emissions
In 2023, the Business Development Bank of Canada (BDC) reported total carbon emissions of approximately 3,729,000 kg CO2e. This figure represents a significant reduction of about 38% compared to their baseline year of 2020. The emissions breakdown includes Scope 1 emissions of approximately 616,600 kg CO2e, Scope 2 emissions of about 1,398,300 kg CO2e, and Scope 3 emissions from business travel amounting to approximately 1,724,000 kg CO2e. BDC has set ambitious near-term climate commitments aimed at achieving net-zero emissions. For both Scope 1 and Scope 2 emissions, the bank plans to increase its use of renewable energy, evaluate renewable energy credits, and purchase high-quality carbon offsets for any remaining emissions. These initiatives are set to be implemented between 2023 and 2024. Overall, BDC's proactive approach to reducing its carbon footprint and commitment to renewable energy reflects its dedication to sustainability and climate responsibility within the financial sector.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | 597,500 | 000,000 |
| Scope 2 | 1,780,400 | 0,000,000 |
| Scope 3 | 3,629,700 | 0,000,000 |
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.
Business Development Bank of Canada 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.
