Public Profile

Equitable

Equitable Bank, officially known as Equitable Group Inc., is a prominent Canadian financial institution headquartered in Ontario, CA. Founded in 1970, the bank has established itself as a leader in the alternative lending sector, focusing on residential and commercial mortgages, as well as savings products. With a commitment to innovation, Equitable Bank has introduced unique offerings such as high-interest savings accounts and flexible mortgage solutions tailored to meet diverse customer needs. Operating primarily in Ontario and expanding across Canada, Equitable Bank has achieved significant milestones, including its status as one of the largest independent banks in the country. The institution is recognised for its customer-centric approach and robust digital banking platform, which enhances accessibility and convenience for its clients. With a strong market position, Equitable Bank continues to redefine the banking experience, making it a trusted choice for Canadians seeking reliable financial services.

DitchCarbon Score

How does Equitable'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.

41

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.

26

Industry Benchmark

Equitable's score of 41 is higher than 92% of the industry. This can give you a sense of how well the company is doing compared to its peers.

92%

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Equitable's reported carbon emissions

In 2023, Equitable reported total carbon emissions of approximately 9,268,000 kg CO2e. This figure includes 1,715,000 kg CO2e from Scope 1 emissions, 5,700,000 kg CO2e from Scope 2 emissions (location-based), and 1,853,000 kg CO2e from Scope 3 emissions. Comparatively, in 2022, their total emissions were about 12,637,000 kg CO2e, indicating a significant reduction of approximately 3,369,000 kg CO2e year-on-year. This trend of decreasing emissions is consistent with their previous years, where total emissions were 11,292,000 kg CO2e in 2021, 11,784,000 kg CO2e in 2020, and 15,809,000 kg CO2e in 2019. Equitable has disclosed emissions across all three scopes, demonstrating a commitment to transparency in their climate impact. However, there are currently no specific reduction targets or initiatives outlined in their reports, such as Science-Based Targets Initiative (SBTi) commitments or documented reduction strategies. Overall, Equitable's emissions data reflects a positive trajectory towards reducing their carbon footprint, aligning with broader industry efforts to combat climate change.

Unlock detailed emissions data

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

20192020202120222023
Scope 1
3,232,000
0,000,000
0,000,000
0,000,000
0,000,000
Scope 2
8,670,000
000,000
000,000
000,000
0,000,000
Scope 3
3,907,000
000,000
000,000
0,000,000
0,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Equitable'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.

Location emissions intensity

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 Equitable is in CA, which has a low grid carbon intensity relative to other regions.

Reduction initiatives & disclosure networks

Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.

Equitable is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.

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

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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