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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.
-5 vs industry average
Vancouver City Savings Credit Union’s score of 32 is lower than 46% 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, a Canadian financial services auxiliary company, reported total Scope 3 emissions of approximately 2,905,000 kg CO2e in 2020. This primarily includes business travel emissions, which amounted to about 266,000 kg CO2e for the year. For 2019, their Scope 3 business travel emissions were around 740,000 kg CO2e, and in 2018, they were approximately 980,000 kg CO2e. In 2017, these emissions were about 784,000 kg CO2e, and in 2016, they were around 846,000 kg CO2e.
Looking further back, in 2010, the credit union reported total emissions of approximately 4,783,000 kg CO2e. This figure included Scope 1 emissions of about 1,058,000 kg CO2e, Scope 2 emissions of approximately 385,000 kg CO2e, and Scope 3 emissions of around 3,340,000 kg CO2e.
Vancouver City Savings Credit Union has also demonstrated a commitment to emissions reduction, stating that they reduced their Scope 1 and Scope 2 emissions by 9% between 2007 and 2010 based on their updated baseline.
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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