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Public Profile
Financial Intermediation
CA
updated 14 days ago

Vancity Sustainability Profile

Company website

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.

39

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.

29

Industry Benchmark

Vancity's score of 39 is higher than 61% of the industry. This can give you a sense of how well the company is doing compared to its peers.

61%

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Vancity's reported carbon emissions

In 2024, Vancity reported total carbon emissions of approximately 235,119,000 kg CO2e, with Scope 1 emissions at about 554,000 kg CO2e, Scope 2 emissions from purchased electricity at approximately 91,000 kg CO2e, and a significant Scope 3 total of about 234,474,000 kg CO2e. In 2023, Vancity's emissions in Canada were approximately 2,112,000 kg CO2e, comprising Scope 1 emissions of about 481,000 kg CO2e, Scope 2 emissions of approximately 102,000 kg CO2e, and a substantial Scope 3 total of about 245,375,000 kg CO2e. Vancity has not disclosed specific reduction targets or initiatives as part of their climate commitments. The emissions data is not cascaded from any parent organization, indicating that Vancity's reporting is independent. The organisation continues to monitor and report its emissions across all scopes, demonstrating a commitment to transparency in its climate impact.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

201920202021202220232024
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?

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Vancity'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.

How Carbon Intensive is Vancity's Location?

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. This request for Vancity is in CA, which has a very low grid carbon intensity relative to other regions.

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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

Compare Vancity's Emissions with Industry Peers

Td

CA
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 9 days ago

ATB Financial

CA
•
Services auxiliary to financial intermediation (67)
Updated 9 days ago

LendingClub Corporation

US
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 14 days ago

GreenSky

US
•
Services auxiliary to financial intermediation (67)
Updated 41 minutes ago

Bank Of Nova Scotia

CA
•
Financial intermediation services, except insurance and pension funding services (65)
Updated 9 days ago

Coast Capital Savings Federal Credit Union

CA
•
Services auxiliary to financial intermediation (67)
Updated 4 days ago

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Where does DitchCarbon data come from?

Discover our data-driven methodology for measuring corporate climate action and benchmarking against industry peers

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