Laurentian Bank Of Canada Sustainability Profile
Laurentian Bank of Canada, often referred to simply as Laurentian Bank, is a prominent financial institution headquartered in Montreal, Quebec. Established in 1846, it has a rich history of serving the Canadian market, particularly in Quebec and Ontario, where it has a strong operational presence. As a key player in the banking industry, Laurentian Bank offers a diverse range of services, including personal and commercial banking, wealth management, and mortgage solutions. Its commitment to customer-centric service and innovative financial products sets it apart in a competitive landscape. With a focus on community engagement and sustainable practices, Laurentian Bank has achieved notable milestones, reinforcing its position as a trusted financial partner for individuals and businesses alike.
DitchCarbon Score
How does Laurentian Bank Of Canada'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
Laurentian Bank Of Canada's score of 31 is higher than 53% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Laurentian Bank Of Canada's reported carbon emissions
In 2024, Laurentian Bank of Canada reported total carbon emissions of approximately 75000 kg CO2e for Scope 1, 682000 kg CO2e for Scope 2, and 583000 kg CO2e for Scope 3, primarily from business travel. This reflects a commitment to transparency in emissions reporting, with data disclosed across all three scopes. For the previous year, 2023, the bank's emissions were about 76000 kg CO2e for Scope 1, 692000 kg CO2e for Scope 2, and significant Scope 3 emissions of approximately 205635000 kg CO2e from investments and 465000 kg CO2e from business travel. This indicates a consistent level of emissions across the years, particularly in Scope 2, which remains a significant contributor. Despite the detailed emissions reporting, Laurentian Bank of Canada has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi commitments. This lack of formal climate pledges may reflect a broader industry context where financial institutions are increasingly scrutinised for their climate impact and commitments. Overall, while Laurentian Bank of Canada provides comprehensive emissions data, the absence of reduction initiatives highlights an area for potential growth in their climate strategy.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 83,000 | 000,000 |
| Scope 2 | 983,000 | 000,000 |
| Scope 3 | 122,000 | 000,000 |
How Carbon Intensive is Laurentian Bank Of Canada's Industry?
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Laurentian Bank Of Canada's Scope 3 Categories Breakdown
Laurentian Bank Of Canada's Scope 3 emissions, which increased by 227% last year and increased by approximately 227% since 2021, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 27% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
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Laurentian Bank Of Canada'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.
Laurentian Bank Of Canada 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.
