The Canadian Depository for Securities Limited
The Canadian Depository for Securities Limited (CDS) is a pivotal player in the Canadian financial landscape, headquartered in Toronto, Ontario. Established in 1970, CDS has evolved into a leading provider of clearing, settlement, and depository services for the Canadian capital markets, serving a diverse range of clients across the country. With a focus on enhancing operational efficiency and reducing risk, CDS offers unique services such as electronic settlement and asset servicing, which streamline transactions for securities firms and investors alike. The company has achieved significant milestones, including the implementation of advanced technology solutions that bolster its market position. Recognised for its commitment to innovation and security, CDS continues to play a crucial role in supporting the integrity and efficiency of Canada’s financial system.
DitchCarbon Score
How does The Canadian Depository for Securities Limited'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
The Canadian Depository for Securities Limited's score of 32 is lower than 56% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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The Canadian Depository for Securities Limited (CDS) currently does not report any specific carbon emissions data, as indicated by the absence of emissions figures. However, it is important to note that CDS is a current subsidiary of TMX Group Limited, which may influence its climate commitments and reporting practices. As of now, CDS has not established any documented reduction targets or specific climate pledges. The lack of emissions data and reduction initiatives suggests that the organisation may still be in the early stages of developing a comprehensive climate strategy. Given its affiliation with TMX Group Limited, CDS may benefit from the parent company's sustainability initiatives and reporting frameworks. However, without explicit data or commitments from CDS itself, it is challenging to provide a detailed overview of its carbon emissions and climate commitments. In summary, while CDS does not currently report emissions or reduction targets, its relationship with TMX Group Limited may play a role in shaping its future climate actions.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | - | - | - | - | - |
| Scope 2 | 829,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 3 | 2,698,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
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.
The Canadian Depository for Securities Limited 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.
