Coast Capital Savings Federal Credit Union Sustainability Profile
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 38 is higher than 59% 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 25,000 kg CO2e from Scope 1 emissions, primarily from mobile and stationary combustion, and 75,000 kg CO2e from Scope 2 emissions related to purchased electricity. Notably, Scope 3 emissions accounted for a significant 180,513,000 kg CO2e, highlighting the substantial impact of their value chain. Comparatively, in 2021, the total emissions were about 1,058,000 kg CO2e, with Scope 1 emissions at 32,000 kg CO2e and Scope 2 emissions at 41,000 kg CO2e. This indicates a slight reduction in total emissions year-on-year. Coast Capital has set ambitious reduction targets, achieving a 15% decrease in absolute Scope 1 and 2 emissions from 2020 levels by 2021. Additionally, the organisation has demonstrated a commitment to sustainability with a remarkable 56% reduction in greenhouse gas emissions since 2012. The emissions data is not cascaded from any parent organisation, indicating that Coast Capital Savings Federal Credit Union independently reports its climate impact and commitments.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 1,018,000 | 000,000 |
| Scope 2 | 41,000 | 00,000 |
| Scope 3 | - | 000,000,000 |
How Carbon Intensive is Coast Capital Savings Federal Credit Union's Industry?
How Carbon Intensive is Coast Capital Savings Federal Credit Union's Location?
Coast Capital Savings Federal Credit Union'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.
Coast Capital Savings Federal Credit Union 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.
