Desjardins

Desjardins, a Canadian financial intermediary (excluding insurance and pension funding), has made significant commitments to reduce its carbon emissions.

For 2024, Desjardins reported a total of approximately 18.98 billion kg CO2e. This figure is comprised of Scope 1 emissions totalling approximately 4.44 billion kg CO2e, Scope 2 emissions of about 1.52 billion kg CO2e, and Scope 3 emissions amounting to approximately 13.01 billion kg CO2e. The previous year, 2023, saw total emissions of around 20.18 billion kg CO2e, with Scope 1 at approximately 4.92 billion kg CO2e, Scope 2 at about 1.24 billion kg CO2e, and Scope 3 at approximately 14.02 billion kg CO2e.

Desjardins has set ambitious targets for emissions reduction. By 2030, the company aims to reduce its absolute Scope 1 and Scope 2 greenhouse gas emissions by 50% compared to 2020 levels, a target approved by the Science Based Targets initiative (SBTi). Furthermore, Desjardins is committed to achieving net-zero emissions by 2040. This net-zero ambition covers both its operational activities, including business travel, building energy use, and supply chain, as well as its financial activities in the energy, real estate, and transportation sectors. This commitment is aligned with a broader net-zero ambition by 2040 covering operational and financial activities across these high-emission sectors.