Meridian Credit Union
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 25 is lower than 55% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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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, Meridian Credit Union has not set specific reduction targets or initiatives as part of their climate commitments. There are no reported climate pledges or SBTi (Science Based Targets initiative) targets, indicating a potential area for future development in their sustainability strategy. The emissions data is not cascaded from any parent organisation, and all figures are directly reported by Meridian Credit Union Limited. As the organisation continues to assess its environmental impact, establishing clear reduction goals could enhance its commitment to climate action.
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| 2022 | |
|---|---|
| Scope 1 | 1,263,000 |
| Scope 2 | 1,336,000 |
| Scope 3 | - |
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.
Meridian Credit Union 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.
