Vancity Sustainability Profile
Vancity, officially known as Vancouver City Savings Credit Union, is a prominent financial institution headquartered in Vancouver, British Columbia, Canada. Established in 1946, Vancity has grown to become one of the largest credit unions in Canada, serving the diverse needs of its members across the Greater Vancouver area and beyond. Operating within the financial services industry, Vancity offers a range of products, including personal and business banking, investment services, and insurance. What sets Vancity apart is its commitment to social responsibility and sustainability, focusing on community investment and environmental stewardship. With a strong market position, Vancity has received numerous accolades for its innovative approach to banking and its dedication to member satisfaction, making it a trusted choice for individuals and businesses seeking ethical financial solutions.
DitchCarbon Score
How does Vancity'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
Vancity's score of 51 is higher than 69% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Vancity's reported carbon emissions
In 2024, Vancity reported total carbon emissions of approximately 235,119,000 kg CO2e, with significant contributions from Scope 3 emissions, which accounted for about 234,474,000 kg CO2e. Scope 1 emissions were approximately 554,000 kg CO2e, while Scope 2 emissions from purchased electricity totalled about 91,000 kg CO2e. In 2023, Vancity's total emissions were about 209,054,000 kg CO2e, with Scope 3 emissions at approximately 208,343,000 kg CO2e, Scope 1 at about 609,000 kg CO2e, and Scope 2 at around 102,000 kg CO2e. For the Canadian region in 2023, Vancity's emissions were approximately 2,112,000 kg CO2e, with Scope 1 emissions at about 481,000 kg CO2e, Scope 2 at 102,000 kg CO2e, and Scope 3 emissions reaching approximately 2,453,750,000 kg CO2e. The organization has not set specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or SBTi commitments. Vancity's emissions data is not cascaded from any parent organization, and all reported figures are derived directly from Vancity's own assessments. The bank continues to monitor and report its carbon footprint, reflecting its commitment to transparency in climate-related disclosures.
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| 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|
| Scope 1 | 715,000 | 000,000 | 000,000 | - | 000,000 | 000,000 |
| Scope 2 | 221,000 | 00,000 | 00,000 | - | 000,000 | 00,000 |
| Scope 3 | 3,451,000 | 0,000,000 | 0,000,000 | 0,000,000 | 000,000,000 | 000,000,000 |
How Carbon Intensive is Vancity's Industry?
How Carbon Intensive is Vancity's Location?
Vancity'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.
Vancity 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.
