Vancouver City Savings Credit Union
Vancouver City Savings Credit Union, commonly known as Vancity, is a prominent financial institution headquartered in Vancouver, Canada. Established in 1946, Vancity has grown to become one of the largest credit unions in Canada, serving the Greater Vancouver area and beyond. Operating within the financial services industry, Vancity focuses on providing a range of products and services, including personal and business banking, investment solutions, and sustainable financing options. What sets Vancity apart is its commitment to social responsibility and community investment, making it a leader in ethical banking practices. With a strong market position, Vancity has received numerous accolades for its innovative approach to financial services, emphasising sustainability and member engagement. This dedication to community and environmental stewardship continues to define Vancity's mission and vision in the evolving financial landscape.
DitchCarbon Score
How does Vancouver City Savings Credit Union'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
Vancouver City Savings Credit Union's score of 28 is higher than 59% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Vancouver City Savings Credit Union's reported carbon emissions
In 2021, Vancouver City Savings Credit Union (Vancity) reported total carbon emissions of approximately 1,600,000 kg CO2e. This figure includes 428,000 kg CO2e from Scope 1 emissions, 91,000 kg CO2e from Scope 2 emissions, and 1,411,000 kg CO2e from Scope 3 emissions. Over the years, Vancity has demonstrated a commitment to reducing its carbon footprint, with notable reductions in emissions from previous years. For instance, in 2020, total emissions were about 1,824,000 kg CO2e, indicating a decrease of approximately 224,000 kg CO2e in 2021. Vancity has not specified any formal reduction targets or initiatives under the Science Based Targets initiative (SBTi) or other climate pledges. However, the credit union's ongoing efforts to monitor and report emissions reflect its commitment to sustainability and climate action. The organisation continues to engage in practices aimed at minimising its environmental impact, aligning with industry standards for climate responsibility.
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| 2017 | 2018 | 2019 | 2020 | 2021 | |
|---|---|---|---|---|---|
| Scope 1 | 532,000 | 000,000 | 000,000 | 000,000 | 000,000 |
| Scope 2 | 141,000 | 000,000 | 000,000 | 000,000 | 00,000 |
| Scope 3 | 3,894,000 | 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.
Vancouver City Savings Credit Union 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.
