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Public Profile
Financial Intermediation
CA
updated a month ago

Laurentian Bank Of Canada Sustainability Profile

Company website

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.

31

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.

29

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.

53%

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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.

Unlock detailed emissions data

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

20212022
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?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Laurentian Bank Of Canada's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Laurentian Bank Of Canada'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 Laurentian Bank Of Canada is in CA, which has a very low grid carbon intensity relative to other regions.

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.

Top Scope 3 Categories

2022
Business Travel
100%

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.

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 Laurentian Bank Of Canada's Emissions with Industry Peers

American Express

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 2 days ago

Lincoln National

US
•
Insurance and pension funding services, except compulsory social security services (66)
Updated 9 days ago

Industrial Alliance Insurance and Financial Services Inc.

CA
•
Insurance and pension funding services, except compulsory social security services (66)
Updated 23 days ago

Mastercard

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 8 days ago

Principal

US
•
Insurance and pension funding services, except compulsory social security services (66)
Updated 9 days ago

E-L Financial Corporation Limited

CA
•
Insurance and pension funding services, except compulsory social security services (66)
Updated 2 months ago

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