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 57% 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 comprises 25,000 kg CO2e from mobile combustion and 940,000 kg CO2e from stationary combustion. Additionally, Scope 2 emissions from purchased electricity were around 75,000 kg CO2e, while Scope 3 emissions were significantly higher at approximately 180,513,000 kg CO2e. Comparatively, in 2021, the total emissions were about 1,058,000 kg CO2e, indicating a slight reduction in emissions year-on-year. The credit union has set ambitious reduction targets, achieving a 15% decrease in absolute Scope 1 and 2 emissions from its operational business loans compared to 2020. Furthermore, it has demonstrated a commitment to sustainability with a notable 56% reduction in greenhouse gas emissions since 2012. Coast Capital Savings is actively working towards enhancing its climate commitments, focusing on reducing emissions across all scopes. The organization has not reported any cascaded emissions data from a parent company, indicating that its emissions data is independently sourced.
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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?
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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.
