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 45 is higher than 66% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Let us know if this data was useful to you
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 evident in its efforts to significantly lower its carbon footprint while maintaining a focus on renewable energy solutions.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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.
