Laurentian Bank Of Canada
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 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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Laurentian Bank Of Canada's reported carbon emissions
In 2024, Laurentian Bank of Canada reported its carbon emissions for the Canadian region, totalling approximately 75000 kg CO2e for Scope 1 emissions, 682000 kg CO2e for Scope 2 emissions (location-based), and 583000 kg CO2e for Scope 3 emissions related to 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, and Scope 3 emissions increased from 465000 kg CO2e in the same year. The bank's total emissions for 2023 were approximately 76000 kg CO2e (Scope 1), 692000 kg CO2e (Scope 2), and 465000 kg CO2e (Scope 3). In 2022, the emissions were higher, with Scope 1 at 130000 kg CO2e, Scope 2 at 967000 kg CO2e, and Scope 3 at 399000 kg CO2e. This indicates a trend towards reducing Scope 1 and Scope 2 emissions over the past two years. Despite these figures, Laurentian Bank has not set specific reduction targets or initiatives as part of its climate commitments, nor does it appear to have cascaded data from a parent organization. The bank's emissions data is independently reported, and it has not disclosed any significant climate pledges or initiatives aimed at further reducing its carbon footprint. Overall, while Laurentian Bank of Canada has made some progress in reducing its emissions, particularly in Scope 1 and Scope 2 categories, it lacks formal reduction targets or commitments to guide future efforts.
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| 2021 | 2022 | |
|---|---|---|
| Scope 1 | 83,000 | 000,000 |
| Scope 2 | 983,000 | 000,000 |
| Scope 3 | 122,000 | 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.
Laurentian Bank Of Canada 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.
