IGM Financial Inc. Sustainability Profile
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.
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
IGM Financial Inc.'s score of 43 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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IGM Financial Inc.'s reported carbon emissions
In 2023, IGM Financial Inc. reported total carbon emissions of approximately 6,600,000 kg CO2e, comprising 1,078,000 kg CO2e from Scope 1, 22,000 kg CO2e from Scope 2, and about 5,640,000 kg CO2e from Scope 3 emissions. The Scope 3 emissions included significant contributions from investments (32,891,000 kg CO2e), business travel (938,000 kg CO2e), and upstream leased assets (4,442,000 kg CO2e). Comparatively, in 2022, the company recorded total emissions of about 5,407,000 kg CO2e, with Scope 1 emissions at 632,000 kg CO2e, Scope 2 at 5,000 kg CO2e, and Scope 3 at approximately 5,407,000 kg CO2e. This indicates a slight increase in total emissions year-on-year. IGM Financial has not set specific reduction targets or initiatives as part of its climate commitments, nor does it participate in the Science Based Targets initiative (SBTi). The company’s emissions data is independently reported and not cascaded from any parent organization. Overall, IGM Financial Inc. continues to monitor its carbon footprint across all scopes, with a focus on transparency in its emissions reporting.
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| 2013 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Scope 1 | 1,078,000 | - | - | - | - | 00,000 | 0,000 | - | 000,000 | 0,000,000 |
| Scope 2 | 22,000 | - | - | - | 0,000 | 0,000 | 0,000 | 0,000 | 0,000 | 00,000 |
| Scope 3 | 11,183,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is IGM Financial Inc.'s Industry?
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IGM Financial Inc.'s Scope 3 Categories Breakdown
IGM Financial Inc.'s Scope 3 emissions, which increased by 4% last year and decreased by approximately 50% since 2013, demonstrating supply chain emissions tracking. The vast majority of their carbon footprint comes from suppliers and value chain emissions, representing the vast majority of total emissions under the GHG Protocol, with "Investments" being the largest emissions source at 583% of Scope 3 emissions.
Top Scope 3 Categories
IGM Financial Inc.'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.
IGM Financial Inc. 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.
