Servus Credit Union Ltd. Sustainability Profile
Servus Credit Union Ltd., a prominent financial institution headquartered in Alberta, Canada, has been serving its members since its establishment in 1938. With a strong presence across the province, Servus operates numerous branches, providing a range of financial services tailored to meet the needs of individuals and businesses alike. As a member-owned credit union, Servus distinguishes itself through its commitment to community engagement and member satisfaction. Its core offerings include personal banking, business solutions, investment services, and insurance products, all designed to empower members in achieving their financial goals. Recognised for its innovative approach, Servus Credit Union has achieved significant milestones, including numerous awards for customer service excellence. With a solid market position, it continues to be a trusted choice for Albertans seeking reliable and community-focused financial solutions.
DitchCarbon Score
How does Servus Credit Union Ltd.'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 Services Auxiliary to 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
Servus Credit Union Ltd.'s score of 34 is higher than 52% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Servus Credit Union Ltd.'s reported carbon emissions
In 2019, Servus Credit Union Ltd. reported total carbon emissions of approximately 6,028,000 kg CO2e, with Scope 1 and 2 emissions accounting for about 4,037,000 kg CO2e and Scope 3 emissions at approximately 1,991,000 kg CO2e. The organisation has demonstrated a commitment to reducing its carbon footprint, achieving a significant 15% reduction in absolute Scope 1 and 2 emissions from its business loans for operational purposes compared to 2020. Additionally, Servus has reported a 3% decrease in emissions from its on-balance sheet loans and investments. Since 2012, the credit union has made substantial progress in its climate commitments, achieving a remarkable 56% reduction in greenhouse gas emissions by 2022. This commitment to sustainability is part of a broader strategy to enhance environmental governance within the financial sector. The emissions data is cascaded from a merged entity relationship, indicating that Servus Credit Union Ltd. inherits relevant data from its corporate family. The organisation continues to focus on improving its environmental impact and aligning with industry standards for climate action.
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| 2019 | |
|---|---|
| Scope 1 | - |
| Scope 2 | - |
| Scope 3 | 1,991,000 |
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Servus Credit Union Ltd.'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.
Servus Credit Union Ltd. 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.
