Vancouver City Savings Credit Union
Vancouver City Savings Credit Union, commonly known as Vancity, is a leading financial institution headquartered in Vancouver, Canada. Established in 1946, Vancity has grown to become a prominent player in the services auxiliary to financial intermediation sector, focusing on sustainable banking solutions that benefit both members and the community.
With a strong presence in British Columbia, Vancity offers a range of core products and services, including personal and business banking, investment options, and insurance services. What sets Vancity apart is its commitment to social responsibility and environmental sustainability, making it a preferred choice for socially conscious consumers.
Recognised for its innovative approach, Vancity has achieved numerous accolades, solidifying its market position as a trusted credit union dedicated to empowering its members and fostering community development.
+4 vs industry average
Vancouver City Savings Credit Union’s score of 40 is higher 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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Industry Intensity
Services Auxiliary to Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Services Auxiliary to Financial Intermediation industry has increased its overall emissions by 11% since 2019
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Vancouver City Savings Credit Union's reported carbon emissions
Vancouver City Savings Credit Union, headquartered in CA and operating in the Services auxiliary to financial intermediation industry, reported significant emissions in its 2025 reporting year. Total emissions for 2025 were approximately 1.26 billion kg CO2e, encompassing Scope 1 (approximately 713.9 million kg CO2e), Scope 2 (approximately 55.9 million kg CO2e), and Scope 3 (approximately 11.5 billion kg CO2e), primarily from investments.
Earlier data shows variations in reported emissions. In 2020, total reported emissions were approximately 2.9 million kg CO2e, with Scope 3 business travel accounting for about 266,000 kg CO2e. In 2019, total reported emissions were approximately 4.0 million kg CO2e, with business travel being about 740,000 kg CO2e. In 2018, total emissions were approximately 4.6 million kg CO2e, with business travel at approximately 980,000 kg CO2e. In 2017, total emissions were approximately 4.6 million kg CO2e, with business travel at approximately 784,000 kg CO2e. In 2016, total emissions were approximately 4.4 million kg CO2e, with business travel at approximately 846,000 kg CO2e. In 2010, total emissions were approximately 4.8 million kg CO2e, broken down into Scope 1 (approximately 1.1 million kg CO2e), Scope 2 (approximately 385,000 kg CO2e), and Scope 3 (approximately 3.3 million kg CO2e).
Vancouver City Savings Credit Union has demonstrated a commitment to reducing its environmental impact. Between 2007 and 2010, the credit union achieved a nine per cent reduction in emissions for both Scope 1 and Scope 2. More recently, a document indicates that business loans for operational purposes saw a significant reduction of 15% in absolute Scope 1 and 2 emissions by 2021 compared to 2020. The total emissions from its on-balance sheet loans and investments were also 3% lower than the previous year in 2021. While not directly attributed to Vancouver City Savings Credit Union, an unrelated entity, Assiniboine, is mentioned as having achieved a 56% reduction in GHG emissions since 2012 by 2022.
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Vancouver City Savings Credit Union’s Climate Goals (2030 & 2050)
3 goals2022
56% reduction in all scopes
Assiniboine has demonstrated its commitment to environmental sustainability by achieving a remarkable 56% reduction in GHG emissions since 2…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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