Public Profile

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.

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.

3

Industry Benchmark

Meridian Credit Union's score of 25 is higher than 71% of the industry. This can give you a sense of how well the company is doing compared to its peers.

71%

Meridian Credit Union's reported carbon emissions

In 2022, Meridian Credit Union reported total carbon emissions of approximately 2,596,000 kg CO2e, comprising 1,263,000 kg CO2e from Scope 1 and 1,336,000 kg CO2e from Scope 2 emissions. This data highlights the organisation's commitment to transparency in its environmental impact. While specific reduction targets or initiatives were not disclosed, Meridian Credit Union is actively engaged in addressing climate change and reducing its carbon footprint. The absence of defined reduction targets suggests a potential area for future commitment and improvement in their sustainability strategy. Overall, Meridian Credit Union's emissions data reflects its operational impact, and the organisation's ongoing efforts in climate commitments will be crucial as it seeks to enhance its environmental performance in the coming years.

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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. Meridian Credit Union is headquartered in CA, which has a rank of low, indicating low grid carbon 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 committed to any reduction initiatives 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
Carbon Disclosure Project
The Climate Pledge
UN Global Compact

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DitchCarbon Score

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