Meridian Credit Union Sustainability Profile
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.
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
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.
Let us know if this data was useful to you
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.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 2022 | |
|---|---|
| Scope 1 | 1,263,000 |
| Scope 2 | 1,336,000 |
| Scope 3 | - |
How Carbon Intensive is Meridian Credit Union's Industry?
How Carbon Intensive is Meridian Credit Union's Location?
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.
