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The Business Development Bank of Canada (BDC) is a prominent financial institution specialising in financial intermediation services, excluding insurance and pension funding. Headquartered in Canada, BDC primarily serves entrepreneurs and small to medium-sized enterprises across the country, supporting their growth and innovation. Since its establishment in 1944, BDC has played a vital role in fostering Canadian business development, offering tailored financing solutions, advisory services, and venture capital investments.
BDC’s core offerings include customised loans, consulting, and equity funding, which are designed to meet the unique needs of Canadian businesses. Its strong market position is reflected in its reputation for supporting entrepreneurship and economic growth. As a key player in the financial intermediation sector, BDC continues to be a vital partner for Canadian businesses seeking sustainable expansion and competitive advantage.
36
DitchCarbon score
-1 vs industry average
Business Development Bank of Canada’s score of 36 is higher than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2026
2020202120222023202420252026
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Business Development Bank of Canada's reported carbon emissions
Business Development Bank of Canada reported total carbon emissions of 3,729,000 kg CO2e in 2023. This includes approximately 616,600 kg CO2e from Scope 1 emissions, 1,398,300 kg CO2e from Scope 2 emissions, and 1,724,000 kg CO2e from Scope 3 business travel. This represents a significant decrease from 2022, when total emissions were approximately 6,008,000 kg CO2e, comprising 597,500 kg CO2e in Scope 1, 1,780,400 kg CO2e in Scope 2, and 3,629,700 kg CO2e in Scope 3 business travel.
The company has set a near-term net-zero target for Scope 1 and Scope 2 emissions for 2023. This commitment involves increasing renewable energy use, reviewing renewable energy credits, and purchasing high-quality carbon offsets for unavoidable emissions. Between 2020 and 2023, Business Development Bank of Canada achieved a 38% reduction in its combined Scope 1 and Scope 2 emissions.
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Business Development Bank of Canada’s Climate Goals (2030 & 2050)
2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
On track94%
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
At risk48%
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
Behind target22%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
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Not active
Carbon Disclosure Project
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Not active
The Climate Pledge
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Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Business Development Bank of Canada7 days ago
36
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