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Public Profile
Financial Intermediation
CA
updated a month ago

Desjardins Sustainability Profile

Company website

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.

42

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.

29

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.

63%

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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.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

20182019202020212022
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?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Desjardins's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Desjardins's Location?

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Desjardins is in CA, which has a very low grid carbon intensity relative to other regions.

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

2022
Purchased Goods and Services
65%
Waste Generated in Operations
65%
Business Travel
35%

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare Desjardins's Emissions with Industry Peers

Vancity

CA
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 9 days ago

ATB Financial

CA
•
Services auxiliary to financial intermediation (67)
Updated 9 days ago

Servus Credit Union Ltd.

CA
•
Services auxiliary to financial intermediation (67)
Updated 11 days ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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