Vancouver City Savings Credit Union Sustainability Profile
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 20 is lower than 80% 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 2020, Vancouver City Savings Credit Union (Vancity) reported total carbon emissions of approximately 2,905,000 kg CO2e, with Scope 3 emissions from business travel accounting for about 266,000 kg CO2e. This marked a decrease from 2019, when total emissions were approximately 3,984,000 kg CO2e, including about 740,000 kg CO2e from business travel. In 2018, emissions were reported at approximately 4,558,000 kg CO2e, with business travel contributing around 980,000 kg CO2e. Vancity has made significant strides in reducing its emissions, achieving a 9% reduction in both Scope 1 and Scope 2 emissions since 2007, based on an updated baseline. This reduction was reported in their 2010 documentation, indicating a commitment to ongoing climate action. Currently, Vancity does not disclose specific Scope 1 or Scope 2 emissions data, nor does it have any Science-Based Targets Initiative (SBTi) targets. The emissions data is not cascaded from any parent organization, indicating that Vancity's climate commitments and performance are independently reported.
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| 2010 | 2016 | 2017 | 2018 | 2019 | 2020 | |
|---|---|---|---|---|---|---|
| Scope 1 | 1,058,000 | - | - | - | - | - |
| Scope 2 | 385,000 | - | - | - | - | - |
| Scope 3 | 3,340,000 | 000,000 | 000,000 | 000,000 | 000,000 | 000,000 |
How Carbon Intensive is Vancouver City Savings Credit Union's Industry?
How Carbon Intensive is Vancouver City Savings Credit Union's Location?
Vancouver City Savings Credit Union's Scope 3 Categories Breakdown
Vancouver City Savings Credit Union's Scope 3 emissions, which decreased by 64% last year and decreased by approximately 92% since 2010, demonstrating supply chain emissions tracking. Most of their carbon footprint comes from suppliers and value chain emissions, with Scope 3 emissions accounting for 70% of total emissions under the GHG Protocol, with "Business Travel" representing nearly all of their reported Scope 3 footprint.
Top Scope 3 Categories
Vancouver City Savings Credit Union'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.
Vancouver City Savings Credit Union 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.
