Public Profile

IGM Financial Inc.

IGM Financial Inc., headquartered in Canada, is a prominent player in the financial services industry, specialising in wealth and asset management. Founded in 2001, the company has established itself as a leader through its innovative approach to investment solutions and client service. With a strong presence across major Canadian markets, IGM Financial operates through its well-known subsidiaries, including Investors Group and Mackenzie Investments. The firm offers a diverse range of products and services, including mutual funds, financial planning, and investment management, distinguished by their commitment to personalised client experiences. IGM Financial's market position is bolstered by its robust performance and a reputation for excellence, making it a trusted choice for investors seeking comprehensive financial strategies.

DitchCarbon Score

How does IGM Financial Inc.'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.

32

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.

3

Industry Benchmark

IGM Financial Inc.'s score of 32 is higher than 84% of the industry. This can give you a sense of how well the company is doing compared to its peers.

84%

IGM Financial Inc.'s reported carbon emissions

In 2023, IGM Financial Inc. reported total carbon emissions of approximately 5,640,000 kg CO2e, comprising 4,000 kg CO2e from Scope 1, 4,000 kg CO2e from Scope 2, and 5,640,000 kg CO2e from Scope 3 emissions. This reflects a slight increase in Scope 3 emissions compared to previous years, indicating ongoing challenges in managing indirect emissions associated with purchased goods and services. In 2022, the company recorded total emissions of about 5,407,000 kg CO2e, with 4,000 kg CO2e from Scope 1, 2,000 kg CO2e from Scope 2, and 5,407,000 kg CO2e from Scope 3. The trend shows a gradual increase in emissions over the years, with 2021 reporting approximately 4,429,000 kg CO2e, 2020 at about 5,177,000 kg CO2e, and 2019 at 8,446,000 kg CO2e for Scope 3 emissions alone. Despite these figures, IGM Financial has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. The company continues to disclose its emissions data, which is essential for transparency and accountability in its climate commitments. Overall, while IGM Financial Inc. is actively monitoring its carbon footprint, the lack of defined reduction strategies suggests an opportunity for the company to enhance its climate action efforts in alignment with industry standards.

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20192020202120222023
Scope 1
1,078,000
00,000
0,000
0,000
0,000
Scope 2
-
00,000
0,000
0,000
0,000
Scope 3
8,446,000
0,000,000
0,000,000
0,000,000
0,000,000

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. IGM Financial Inc.'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. IGM Financial Inc. is headquartered in CA, which has a rank of low, indicating low grid carbon intensity.

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.

IGM Financial Inc. is not committed to any reduction initiatives 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
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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DitchCarbon Score

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