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Public Profile
Services Auxiliary to Financial Intermediation
CA
updated 2 days ago

Mennonite Savings and Credit Union Sustainability Profile

Company website

Mennonite Savings and Credit Union (MSCU), headquartered in Ontario, Canada, is a prominent player in the financial services industry, specialising in community-focused banking solutions. Founded in 1964, MSCU has established itself as a trusted institution, serving members across various regions in Ontario and beyond. The credit union offers a range of core products and services, including savings accounts, loans, and investment options, all designed to meet the unique needs of its members. MSCU is distinguished by its commitment to ethical banking practices and community development, fostering a sense of belonging among its clientele. With a strong market position, MSCU has achieved notable milestones, including recognition for its customer service excellence and community engagement initiatives. As a member-driven organisation, Mennonite Savings and Credit Union continues to prioritise the financial well-being of its members while contributing positively to the communities it serves.

DitchCarbon Score

How does Mennonite Savings and Credit Union'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.

26

Industry Average

Mean score of companies in the Services Auxiliary to 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

Mennonite Savings and Credit Union's score of 26 is lower than 58% of the industry. This can give you a sense of how well the company is doing compared to its peers.

42%

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Mennonite Savings and Credit Union's reported carbon emissions

Mennonite Savings and Credit Union, headquartered in Canada, has not disclosed specific carbon emissions data for recent years. The most recent available data dates back to 2011, which indicates emissions factors for Scope 1 emissions, including approximately 0.00447 g CO2e per square foot and 0.00245 g CO2e per employee. However, total emissions figures for that year are not provided. Currently, Mennonite Savings and Credit Union does not have any publicly stated reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. The organisation has not cascaded emissions data from a parent company or related organisation, indicating that it operates independently in its climate reporting. In the absence of specific emissions data and reduction initiatives, it is essential for Mennonite Savings and Credit Union to establish clear climate commitments and targets to align with industry standards and contribute to global climate goals.

How Carbon Intensive is Mennonite Savings and Credit Union's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Mennonite Savings and Credit Union's primary industry is Services auxiliary to financial intermediation (67), which is very low in terms of carbon intensity compared to other industries.

How Carbon Intensive is Mennonite Savings and Credit Union'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 Mennonite Savings and Credit Union is in CA, which has a very low grid carbon intensity relative to other regions.

Mennonite Savings and Credit Union'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.

Mennonite Savings and Credit Union 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 Mennonite Savings and Credit Union's Emissions with Industry Peers

Canadian Credit Union Association

CA
•
Services auxiliary to financial intermediation (67)
Updated about 1 month ago

Kawartha Credit Union Limited

CA
•
Services auxiliary to financial intermediation (67)
Updated 15 days ago

Northern Lights Credit Union Limited

CA
•
Services auxiliary to financial intermediation (67)
Updated 8 days ago

Auto Workers Community Credit Union Limited

CA
•
Services auxiliary to financial intermediation (67)
Updated 2 months ago

Your Credit Union Limited

CA
•
Services auxiliary to financial intermediation (67)
Updated 12 days ago

Vancity Community Investment Bank

CA
•
Financial intermediation services, except insurance and pension funding services (65)
Updated about 2 months ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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