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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.
-2 vs industry average
Vancouver City Savings Credit Union’s score of 35 is lower than 49% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Services Auxiliary to Financial Intermediation is among the least carbon-intensive industries
The Services Auxiliary to Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Scope 3 accounts for ••• of total emissions.
Vancouver City Savings Credit Union (Vancity) reported approximately 1.26 billion kg CO2e for Scope 1 and 2 emissions in 2025. Their Scope 1 emissions were approximately 713.9 million kg CO2e, and Scope 2 emissions were about 55.9 million kg CO2e. Additionally, their Scope 3 emissions, primarily from investments, were approximately 11.54 billion kg CO2e in the same year.
Looking at previous reporting, Vancity reported total emissions of approximately 2.91 million kg CO2e in 2020, with Scope 3 business travel contributing 266,000 kg CO2e. In 2019, total emissions were approximately 3.98 million kg CO2e, including 740,000 kg CO2e from business travel. Prior to that, total emissions were approximately 4.56 million kg CO2e in 2018 and 4.57 million kg CO2e in 2017, with business travel accounting for 980,000 kg CO2e and 784,000 kg CO2e respectively. In 2016, total emissions were around 4.41 million kg CO2e, with 846,000 kg CO2e from business travel. In 2010, Vancity reported total emissions of approximately 4.78 million kg CO2e, comprising 1.06 billion kg CO2e for Scope 1, 385 million kg CO2e for Scope 2, and 3.34 billion kg CO2e for Scope 3.
Vancity has a stated commitment to reducing its environmental impact. Between 2007 and 2010, the credit union achieved a nine per cent reduction in its emissions, based on an updated baseline. This reduction applied to both Scope 1 and Scope 2 emissions. Vancity's industry is services auxiliary to financial intermediation (67).
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2025
Near-zero scope 1 & 2
Target to achieve near-zero emissions for direct operations and purchased energy
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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