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Public Profile
Financial Intermediation
CA
updated 17 days ago

Meridian Credit Union

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.

25

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.

30

Industry Benchmark

Meridian Credit Union's score of 25 is lower than 60% of the industry. This can give you a sense of how well the company is doing compared to its peers.

40%

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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. There is no available data for Scope 3 emissions. The emissions data reflects the organisation's operational impact and is crucial for understanding its carbon footprint. Despite the significant emissions reported, Meridian Credit Union has not established specific reduction targets or initiatives as part of its climate commitments. The absence of Science-Based Targets Initiative (SBTi) reduction targets indicates a need for further development in their climate strategy. Meridian Credit Union's emissions data is not cascaded from any parent organisation, ensuring that the reported figures are solely reflective of its own operations. The organisation's commitment to addressing climate change remains a critical area for future focus and improvement.

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

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

Industry emissions intensity

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.

Location emissions intensity

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 low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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