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Public Profile
Financial Intermediation
CA
updated 5 days ago

Meridian Credit Union Sustainability Profile

Company website

Meridian Credit Union, a leading financial institution in Canada, is headquartered in St. Catharines, Ontario. Established in 1954, it has grown to become the largest credit union in the province, serving members across various regions, including the Greater Toronto Area and Niagara. Specialising in personal and business banking, Meridian offers a range of unique products and services, such as competitive mortgage rates, investment options, and tailored financial advice. With a strong commitment to community engagement and member satisfaction, Meridian Credit Union has achieved notable milestones, including recognition for its innovative digital banking solutions. As a trusted partner in financial wellness, Meridian continues to enhance its market position by prioritising member needs and fostering sustainable growth within the credit union sector.

DitchCarbon Score

How does Meridian 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.

28

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

Meridian Credit Union's score of 28 is lower than 51% of the industry. This can give you a sense of how well the company is doing compared to its peers.

49%

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Meridian Credit Union's reported carbon emissions

In 2022, Meridian Credit Union reported total carbon emissions of approximately 2,593,000 kg CO2e, comprising 1,263,000 kg CO2e from Scope 1 and 1,336,000 kg CO2e from Scope 2 emissions. The organisation has not disclosed any Scope 3 emissions data. Despite the significant emissions figures, there are currently no specific reduction targets or initiatives outlined in their climate commitments. Meridian Credit Union has not cascaded any emissions data from a parent or related organisation, indicating that the reported figures are solely from their own operations. The absence of reduction targets suggests that while Meridian Credit Union is aware of its carbon footprint, it may need to establish clearer climate commitments to align with industry standards and expectations for sustainability.

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2022
Scope 1
1,263,000
Scope 2
1,336,000
Scope 3
-

How Carbon Intensive is Meridian Credit Union's Industry?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Meridian Credit Union'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 Meridian 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 Meridian Credit Union is in CA, which has a very low grid carbon intensity relative to other regions.

Meridian 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.

Meridian 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 Meridian Credit Union's Emissions with Industry Peers

The Police Credit Union Limited

CA
•
Services auxiliary to financial intermediation (67)
Updated 10 days ago

Northern Lights Credit Union Limited

CA
•
Services auxiliary to financial intermediation (67)
Updated 7 days ago

Bmo Financial

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

Bank Of Nova Scotia

CA
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 9 days ago

Coast Capital Savings Federal Credit Union

CA
•
Services auxiliary to financial intermediation (67)
Updated 3 days ago

Mogo Inc.

CA
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 11 days 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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