Desjardins Sustainability Profile
Desjardins Group, a leading financial cooperative based in Canada, has been a cornerstone of the financial services industry since its founding in 1900. Headquartered in Lévis, Quebec, Desjardins operates extensively across Canada, providing a wide range of services including banking, insurance, and investment solutions. Renowned for its commitment to member satisfaction and community development, Desjardins offers unique products such as cooperative banking and tailored insurance plans that distinguish it from traditional financial institutions. With a strong market position, Desjardins is celebrated for its innovative approach and has received numerous accolades for its sustainable practices and customer service excellence. As a pioneer in the cooperative model, Desjardins continues to shape the financial landscape in Canada and beyond.
DitchCarbon Score
How does Desjardins'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
Desjardins's score of 42 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Desjardins's reported carbon emissions
In 2024, Desjardins reported total carbon emissions of approximately 18,975,000 kg CO2e. This marks a decrease from 2023, when emissions were about 20,178,000 kg CO2e. The emissions data for 2022 indicates a total of about 19,438,000 kg CO2e, with a breakdown of 5,404,000 kg CO2e from Scope 1, 1,218,000 kg CO2e from Scope 2, and 12,816,000 kg CO2e from Scope 3 emissions. Desjardins has set ambitious climate commitments, aiming to reduce absolute Scope 1 and Scope 2 GHG emissions by 50% compared to 2020 levels by 2030. This target has been approved by the Science Based Targets initiative (SBTi). Additionally, the organisation aims for net zero emissions across all operational and financial activities by 2040, focusing on high-emission sectors such as energy, real estate, and transportation. The emissions data is not cascaded from any parent organisation, and all figures are reported directly by Desjardins. The organisation's commitment to sustainability is reflected in its ongoing efforts to monitor and reduce its carbon footprint.
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| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| Scope 1 | 17,076,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 4,961,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 38,079,000 | 00,000,000 | 00,000,000 | 0,000,000 | 00,000,000 |
How Carbon Intensive is Desjardins's Industry?
How Carbon Intensive is Desjardins's Location?
Desjardins's Scope 3 Categories Breakdown
Desjardins's Scope 3 emissions, which increased by 33% last year and decreased by approximately 66% since 2018, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 66% of total emissions under the GHG Protocol, with "Purchased Goods and Services" being the largest emissions source at 65% of Scope 3 emissions.
Top Scope 3 Categories
Desjardins'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.
Desjardins 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.
