Business Development Bank of Canada Sustainability Profile
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 45 is higher than 64% 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 616,600 kg CO2e from Scope 1, 1,398,300 kg CO2e from Scope 2, and 1,724,000 kg CO2e from Scope 3, specifically attributed to business travel. BDC has set ambitious near-term climate commitments aimed at achieving net zero emissions by 2024. These commitments include increasing the use of renewable energy, reviewing renewable energy credits, and purchasing high-quality carbon offsets for any remaining emissions that cannot be reduced through other means. The bank's proactive approach to sustainability is underscored by its substantial emissions reduction achievements and its commitment to further enhancing its environmental performance.
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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 |
How Carbon Intensive is Business Development Bank of Canada's Industry?
How Carbon Intensive is Business Development Bank of Canada's Location?
Business Development Bank of Canada's Scope 3 Categories Breakdown
Business Development Bank of Canada's Scope 3 emissions, which decreased by 53% last year and decreased by approximately 53% since 2022, demonstrating supply chain emissions tracking. A significant portion of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 46% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
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Business Development Bank of Canada'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.
Business Development Bank of Canada has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
