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.
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 28 is lower than 52% 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 6,640,000 kg CO2e. This includes 1,078,000 kg CO2e from Scope 1 emissions, 22,000 kg CO2e from Scope 2, and a significant 5,640,000 kg CO2e from Scope 3 emissions, which encompasses 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 5,407,000 kg CO2e. This indicates an increase in total emissions from 2022 to 2023, primarily driven by Scope 3 emissions. IGM Financial has not set specific reduction targets or initiatives as part of the Science Based Targets initiative (SBTi) or other climate pledges. The absence of documented reduction targets suggests a need for enhanced climate action strategies within the organisation. The emissions data is not cascaded from any parent company, indicating that IGM Financial Inc. independently reports its carbon footprint. The company continues to disclose its emissions across all relevant scopes, reflecting a commitment to transparency in its environmental impact reporting.
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| 2013 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|
| Scope 1 | 1,078,000 | - | 00,000 | 00,000 | - | 000,000 | 0,000,000 |
| Scope 2 | 22,000 | 0,000 | 0,000 | 0,000 | 0,000 | 0,000 | 00,000 |
| Scope 3 | 11,454,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
Industry emissions intensity
Location emissions 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 participating in any 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.
