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, reflecting a significant 38% reduction since its baseline year of 2020. The emissions breakdown includes Scope 1 emissions of about 616,600 kg CO2e, Scope 2 emissions of approximately 1,398,300 kg CO2e, and Scope 3 emissions from business travel amounting to around 1,724,000 kg CO2e. BDC has set ambitious near-term climate commitments aimed at achieving net-zero emissions. These commitments include increasing the use of renewable energy, reviewing renewable energy credits, and purchasing high-quality carbon offsets for any unavoidable emissions. The target timeframe for these initiatives spans from 2023 to 2024, focusing on both Scope 1 and Scope 2 emissions. The bank's proactive approach to sustainability is evident in its substantial emissions reduction achievements and its commitment to further decreasing its carbon footprint through strategic initiatives.
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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.
