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 32 is higher than 54% 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 available carbon emissions data for the most recent year. However, the organisation has made significant climate commitments aimed at achieving net-zero emissions across all scopes by 2050. Desjardins Group has set portfolio targets that cover approximately 4% of its total investment and lending by total assets as of 2020. This includes required activities making up 4%, optional activities at 52%, and out-of-scope activities at 44%. The organisation is committed to aligning its operations with the Science Based Targets initiative (SBTi), which supports reductions consistent with limiting global warming to 1.5°C. In addition, Desjardins has established near-term targets for 2030, demonstrating its commitment to addressing greenhouse gas emissions from its operations (Scopes 1 and 2). The financial institution is also a member of the BA1.5 initiative, reinforcing its dedication to climate action within the financial sector. Overall, while specific emissions data is not available, Desjardins Group's proactive approach to climate commitments positions it as a leader in sustainable finance in Canada.
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.
Fédération des caisses Desjardins du Québec is participating in some 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.