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 34 is higher than 59% 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 2022, Laurentian Bank of Canada reported total carbon emissions of approximately 1,097,000 kg CO2e, which includes 130,000 kg CO2e from Scope 1 emissions and 967,000 kg CO2e from Scope 2 emissions. Additionally, the bank's Scope 3 emissions, specifically from business travel, amounted to about 399,000 kg CO2e. This data reflects a slight increase in emissions compared to 2021, when total emissions were approximately 1,066,000 kg CO2e, with Scope 1 emissions at 83,000 kg CO2e, Scope 2 emissions at 983,000 kg CO2e, and Scope 3 emissions from business travel at 122,000 kg CO2e. Despite these figures, Laurentian Bank has not set specific reduction targets or initiatives as part of their climate commitments. There are no documented SBTi (Science Based Targets initiative) reduction targets or other formal climate pledges. The bank's emissions data is not cascaded from a parent company, indicating that it operates independently in its reporting and climate strategy. Overall, while Laurentian Bank of Canada has made strides in emissions reporting, it currently lacks defined reduction goals or significant climate initiatives to address 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 |
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.
