Vancity
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 41 is higher than 92% 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 2023, Vancity reported total carbon emissions of approximately 244,429,000 kg CO2e. This figure includes 481,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 102,000 kg CO2e from Scope 2 emissions, related to purchased electricity. The majority of their emissions, approximately 1,529,000 kg CO2e, fall under Scope 3, which includes indirect emissions from their value chain, such as investments and employee commuting. Comparatively, in 2022, Vancity's total emissions were about 2,351,000 kg CO2e, indicating a significant reduction in emissions year-on-year. The breakdown for 2022 included 420,000 kg CO2e from Scope 1, 57,000 kg CO2e from Scope 2, and 2,351,000 kg CO2e from Scope 3. Vancity has not publicly disclosed specific reduction targets or initiatives as part of their climate commitments. However, they continue to monitor and report their emissions across all three scopes, demonstrating a commitment to transparency in their climate impact.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 715,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 221,000 | 00,000 | 00,000 | 00,000 | 000,000 |
| Scope 3 | 3,451,000 | 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.
Vancity 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.
