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Desjardins Group, a leading financial institution headquartered in Lévis, Canada, has been a cornerstone of the financial intermediation services sector since its founding in 1900. Operating primarily in Quebec and Ontario, Desjardins offers a diverse range of services, including personal and business banking, investment solutions, and wealth management.
Renowned for its cooperative model, Desjardins distinguishes itself through its commitment to community engagement and member-focused services. The organisation has achieved significant milestones, including being one of the largest financial cooperatives in North America, with a strong market position bolstered by its innovative products and customer-centric approach. With a focus on sustainability and social responsibility, Desjardins continues to set benchmarks in the financial services industry.
55
DitchCarbon score
+18 vs industry average
Desjardins’s score of 55 is higher than 68% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Very Low
Financial Intermediation is among the least carbon-intensive industries
Industry performance
0.096
20182025
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2027
20202021202220232024202520262027
Reported emissions
Scope 1
•••kg CO₂e
Scope 2
•••kg CO₂e
Scope 3
•••kg CO₂e
Total reported
•••kg CO₂e
Scope 3 accounts for ••• of total emissions.
Desjardins's reported carbon emissions
Desjardins, a financial intermediation services company based in Canada, reported total emissions of approximately 18,975,000 kg CO2e in 2024. This figure 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.
Looking at previous years, Desjardins reported total emissions of approximately 20,178,000 kg CO2e in 2023, 19,984,000 kg CO2e in 2022, 16,549,000 kg CO2e in 2021, and 22,677,000 kg CO2e in 2020.
Desjardins has set several climate commitments. The company aims 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-emission sectors (energy, real estate, and transportation) by 2040.
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 portfolio targets cover 4% of its total investment and lending by total assets as of 2020. The targets covering greenhouse gas emissions from company operations (Scopes 1 and 2) are consistent with reductions required to keep warming to 1.5°C.
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Desjardins’s Climate Goals (2030 & 2050)
3 goals2030
50% reduction in Scope 1
Desjardins Group commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2020 base year.
On track50%
2030
50% reduction in Scope 2
Desjardins Group commits to reduce absolute scope 1 and 2 GHG emissions 50% by 2030 from a 2020 base year.
Behind target50%
2030
54% reduction in scope 3 total
SDA: Desjardins Group commits to reduce its real estate portfolio GHG emissions within its direct investment portfolio 54% per square meter…
Insufficient data54%
Showing SBTi-validated targets only. Sign up or sign in to see all disclosed climate targets.
Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Climate initiatives
Science Based Targets Initiative
2028 targetSee details
Active
Carbon Disclosure Project
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Active
The Climate Pledge
See details
Not active
UN Global Compact Climate Champions initiative
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Not active
RE 100
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Not active
Climate Action 100
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Not active
Emissions comparison with industry peers
View similar organisationsCompanyCountryIndustryLast updatedScoreDetails
Desjardins3 months ago
55
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Frequently asked questions
Common questions about Desjardins’s sustainability data and climate commitments
In 2024, Desjardins reported total carbon emissions of approximately 18.98 million kg CO2e. This figure encompasses emissions across all scopes, reflecting the company's comprehensive approach to measuring its environmental impact. Understanding these emissions is crucial for Desjardins as a financial institution committed to sustainability and for stakeholders seeking to evaluate its environmental performance within the financial services sector.
Data year: 2024
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