Farm Credit Canada Sustainability Profile
Farm Credit Canada (FCC) is a leading financial institution headquartered in Regina, Saskatchewan, serving the agricultural sector across Canada. Established in 1959, FCC has grown to become a vital partner for farmers and agribusinesses, providing tailored financial solutions that support the growth and sustainability of the industry. Specialising in loans, insurance, and advisory services, FCC stands out for its deep understanding of the unique challenges faced by Canadian producers. With a commitment to fostering rural communities, the organisation has achieved significant milestones, including a robust market position as a trusted lender in the agricultural finance sector. FCC's dedication to innovation and customer service has solidified its reputation as a key player in supporting the future of Canadian agriculture.
DitchCarbon Score
How does Farm Credit Canada'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.
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.
Industry Benchmark
Farm Credit Canada's score of 46 is higher than 65% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Farm Credit Canada's reported carbon emissions
In 2023, Farm Credit Canada (FCC) reported total carbon emissions of approximately 5,822,000 kg CO2e. This figure includes Scope 1 emissions of about 1,443,000 kg CO2e, Scope 2 emissions of around 2,789,000 kg CO2e, and Scope 3 emissions from business travel amounting to approximately 1,590,000 kg CO2e. Comparatively, in 2022, FCC's total emissions were about 5,218,000 kg CO2e, with Scope 1 at approximately 1,381,000 kg CO2e, Scope 2 at around 3,220,000 kg CO2e, and Scope 3 emissions from business travel at about 617,000 kg CO2e. This indicates a rise in emissions from 2022 to 2023. FCC has set ambitious climate commitments, aiming for a 40% reduction in Scope 1, 2, and 3 emissions by 2025, based on 2012 levels. This target reflects their ongoing commitment to sustainability and aligns with the Government of Canada's goal of achieving net zero emissions by 2050, in accordance with the Paris Agreement. These initiatives demonstrate FCC's proactive approach to managing its carbon footprint and contributing to global climate goals.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 1,285,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 4,209,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 3 | 2,038,000 | 0,000,000 | 000,000 | 000,000 | 0,000,000 |
How Carbon Intensive is Farm Credit Canada's Industry?
How Carbon Intensive is Farm Credit Canada's Location?
Farm Credit Canada's Scope 3 Categories Breakdown
Farm Credit Canada's Scope 3 emissions, which increased by 158% last year and decreased by approximately 22% since 2019, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 27% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Farm Credit Canada'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.
Farm Credit Canada 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.
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