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Public Profile
Financial Intermediation
CA
updated 3 months ago

IGM Financial Inc. Sustainability Profile

Company website

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.

43

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.

32

Industry Benchmark

IGM Financial Inc.'s score of 43 is higher than 63% of the industry. This can give you a sense of how well the company is doing compared to its peers.

63%

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IGM Financial Inc.'s reported carbon emissions

In 2023, IGM Financial Inc. reported total carbon emissions of approximately 5,646,000 kg CO2e, comprising 2,340 kg CO2e from Scope 1, 22,000 kg CO2e from Scope 2, and 5,640,000 kg CO2e from Scope 3 emissions. The company has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi commitments. IGM Financial's emissions data is self-reported and does not cascade from any parent organization. The company continues to monitor its carbon footprint, but as of now, it has not established formal climate pledges or reduction initiatives. The focus remains on transparency in emissions reporting, with detailed disclosures available in their sustainability reports.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

2013201520162017201820192020202120222023
Scope 1
1,077,990
-
-
-
-
00,000
0,000
-
000,000
0,000
Scope 2
21,940
-
-
-
0,000
0,000
0,000
0,000
0,000
0,000
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?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. IGM Financial Inc.'s primary industry is Financial Intermediation, which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is IGM Financial Inc.'s Location?

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. This request for IGM Financial Inc. is in CA, which has a very low grid carbon intensity relative to other regions.

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. Nearly all of their carbon footprint comes from suppliers and value chain emissions, representing nearly all emissions under the GHG Protocol, with "Investments" being the largest emissions source at 583% of Scope 3 emissions.

Top Scope 3 Categories

2023
Investments
583%
Upstream Leased Assets
79%
Business Travel
19%
Waste Generated in Operations
2%
Upstream Transportation & Distribution
<1%

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare IGM Financial Inc.'s Emissions with Industry Peers

Power Corporation of Canada

CA
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 26 days ago

Canadian Imperial Bank Of Commerce

CA
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 1 month ago

Canaccord Genuity Group Inc.

CA
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 3 days ago

Rbc

CA
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 22 days ago

Sprott Inc.

CA
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 1 month ago

Charles Schwab Corporation

US
•
Services auxiliary to financial intermediation (67)
Updated 13 days ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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