Desjardins

Desjardins, a financial intermediation services company based in Canada, reported total emissions of approximately 18,975,000 kg CO2e in 2024. This includes Scope 1 emissions of 4,443,000 kg CO2e, Scope 2 emissions of 1,520,000 kg CO2e, and Scope 3 emissions of 13,012,000 kg CO2e. For its Scope 3 emissions, business travel contributed 6,999,000 kg CO2e.

Looking back, Desjardins's total emissions in 2023 were around 20,178,000 kg CO2e, with Scope 1 at 4,920,000 kg CO2e, Scope 2 at 1,242,000 kg CO2e, and Scope 3 at 14,016,000 kg CO2e (including 6,977,000 kg CO2e from business travel). In 2022, total emissions were 19,984,000 kg CO2e, comprising Scope 1 emissions of 5,397,000 kg CO2e, Scope 2 emissions of 1,341,000 kg CO2e, and Scope 3 emissions of 13,246,000 kg CO2e (with 4,948,000 kg CO2e from business travel).

Desjardins has set an ambitious climate commitment to achieve net-zero emissions from its operational activities (buildings, business travel, and supply chain) and financial activities (insurers’ investments and lending activities) in three high-emissions sectors (energy, real estate, and transportation) by 2040. This net-zero ambition covers all scopes.

Furthermore, Desjardins has a near-term target, approved by the Science Based Targets initiative (SBTi), to reduce its absolute Scope 1 direct and Scope 2 indirect greenhouse gas emissions by 50% by 2030, compared to 2020 levels. Desjardins Group's SBTi commitment also highlights that its portfolio targets cover 4% of its total investment and lending by total assets as of 2020. The targets for operational Scope 1 and 2 emissions are consistent with keeping global warming to 1.5°C.