Coast Capital Savings Federal Credit Union
Coast Capital Savings Federal Credit Union, commonly referred to as Coast Capital, is a prominent financial institution headquartered in British Columbia, Canada. Established in 2000, it has grown to become one of the largest credit unions in Canada, serving members across the province and beyond. Specialising in personal banking, business services, and investment solutions, Coast Capital is renowned for its commitment to member-centric service and innovative financial products. Its unique offerings include competitive mortgage rates, flexible savings accounts, and tailored business solutions designed to meet the diverse needs of its clientele. With a strong market position, Coast Capital has received numerous accolades for its customer service and community involvement, solidifying its reputation as a trusted financial partner in the industry.
DitchCarbon Score
How does Coast Capital Savings Federal Credit Union'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 Services Auxiliary to 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
Coast Capital Savings Federal Credit Union's score of 27 is lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Coast Capital Savings Federal Credit Union's reported carbon emissions
In 2022, Coast Capital Savings Federal Credit Union reported total carbon emissions of approximately 1,039,000 kg CO2e. This figure includes Scope 1 emissions of about 965,000 kg CO2e, which comprise 25,000 kg CO2e from mobile combustion and 940,000 kg CO2e from stationary combustion. Additionally, Scope 2 emissions from purchased electricity accounted for approximately 75,000 kg CO2e. Notably, Scope 3 emissions were significantly higher, totalling around 174,693,000 kg CO2e. In comparison, the 2021 emissions data indicated total emissions of about 1,058,000 kg CO2e, with Scope 1 emissions at approximately 1,017,000 kg CO2e and Scope 3 emissions at around 128,133,000 kg CO2e. This suggests a slight reduction in total emissions from 2021 to 2022. Coast Capital Savings has not disclosed any specific reduction targets or initiatives as part of their climate commitments. The absence of SBTi (Science Based Targets initiative) reduction targets indicates that the organisation has not yet formalised specific goals for emissions reduction. Overall, while Coast Capital Savings Federal Credit Union has made strides in reporting its emissions, further commitments and reduction strategies would enhance its climate action profile.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 1,017,000 | 000,000 |
| Scope 2 | - | 00,000 |
| Scope 3 | 128,133,000 | 000,000,000 |
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.
Coast Capital Savings Federal Credit Union 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.
