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 50% 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 emissions, which includes business travel. This reflects a slight decrease in Scope 1 emissions from 76000 kg CO2e in 2023, while Scope 2 emissions decreased from 692000 kg CO2e. The bank's Scope 3 emissions for 2023 included significant contributions from investments (205635000 kg CO2e) and business travel (465000 kg CO2e). Despite these figures, Laurentian Bank has not set specific reduction targets or initiatives as part of their climate commitments, and there are no SBTi (Science Based Targets initiative) reduction targets reported. The bank's emissions data is not cascaded from a parent company, indicating that these figures are independently reported. Overall, while Laurentian Bank of Canada has made strides in tracking its emissions, it currently lacks formalised reduction strategies or commitments to mitigate its carbon footprint.
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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?
How Carbon Intensive is Laurentian Bank Of Canada's Location?
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.
