Fédération des caisses Desjardins du Québec, commonly known as Desjardins, is a leading financial cooperative headquartered in Lévis, Quebec, Canada. Established in 1900, it has grown to become the largest cooperative financial group in North America, serving millions of members across Quebec and beyond. Desjardins operates primarily in the banking and financial services industry, offering a diverse range of products including personal and business banking, insurance, and investment services. Its unique cooperative model prioritises member benefits, setting it apart from traditional banks. With a strong commitment to community development and sustainability, Desjardins has achieved notable milestones, including numerous awards for customer satisfaction and innovation. Its market position is reinforced by a robust network of caisses (credit unions) and a reputation for financial stability and social responsibility.
How does Fédération des caisses Desjardins du Québec'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.
Mean score of companies in the Services Auxiliary to 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.
Fédération des caisses Desjardins du Québec's score of 39 is higher than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Fédération des caisses Desjardins du Québec currently does not have specific carbon emissions data available for the most recent year. However, the organisation is committed to significant climate action through its parent company, Desjardins Group. Desjardins Group has set ambitious targets under the Science Based Targets initiative (SBTi), aiming for net-zero emissions across all scopes by 2050. The portfolio targets cover approximately 4% of its total investment and lending by total assets as of 2020, with required activities making up 4%, optional activities at 52%, and out-of-scope activities at 44%. These targets are aligned with the reductions necessary to limit global warming to 1.5°C, particularly focusing on scopes 1 and 2 emissions. The organisation is also committed to submitting its near-term targets by September 2023, with a specific target year set for 2030. This commitment reflects Desjardins Group's broader strategy to integrate sustainability into its operations and investment decisions, reinforcing its role as a responsible financial institution in Canada. Overall, while specific emissions data is not available, the climate commitments and targets set by Desjardins Group indicate a proactive approach towards reducing carbon emissions and addressing climate change.
Access structured emissions data, company-specific emission factors, and source documents
| 2018 | 2019 | 2020 | 2021 | 2022 | |
|---|---|---|---|---|---|
| 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 | 
Fédération des caisses Desjardins du Québec'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.
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.
Fédération des caisses Desjardins du Québec has established climate goals through participation in recognized frameworks and target-setting initiatives. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.