Where you bank matters. Every time you put money in a bank account, you're giving decision-making power over where your money goes, what gets funded, and who benefits.
That means, even if you do your best to be sustainable in your everyday life, your bank may still be investing in fossil fuels.
Vancity members know their money works for things that matter, like climate action.
Vancity has five climate commitments to help build a clean and fair world.
Our ambition is to make Vancity net-zero by 2040 across all our mortgages and loans. That means the carbon emitted from anything we finance will be eliminated or significantly reduced, with any remaining emissions being brought to net-zero.
We will help our members invest for the future we need by offering only responsible investment options that can demonstrate the integrity of their Environmental, Social and Corporate Governance (ESG) screening and stewardship process.
We encourage change within the financial services sector by accurately measuring and openly reporting on how our own actions are improving the well-being of people, communities and the environment. We aim to continue implementing, testing, and helping improve emerging international standards for climate and impact reporting.
Vancity offers Canada's first socially responsible mutual fund, the Ethical Growth Fund.
Vancity members voted to award the first annual $1-million Vancity Award to Better Environmentally Sound Transportation (BEST) to build the Central Valley Greenway—a 24-kilometre pedestrian and cyclist route to run from New Westminster to Vancouver.
Vancity is the first in Canada to offer specialized financing for energy efficient home renovations through the introduction of Vancity's Bright Ideas Home Financing.
Vancity is the first financial institution in North America to win a Ceres-ACCA North American Sustainability Reporting Award for its environmental, social and financial sustainability reporting.
Vancity signs the GABV Climate Change Commitment pledging to measure and disclose the carbon impact of our loans and investments.
Vancity was the first Canadian financial institution to join the UN's Collective Commitment to Climate Action and becomes North America's representative on the Board overseeing the implementation of the Principles.
Vancity Investment Management (VCIM) becomes a founding participant of Climate Engagement Canada, an investor-led engagement initiative to promote a just transition towards net-zero.
Vancity Community Investment Bank partners with the Six Nations of the Grand River Development Corporation to refinance the second-largest wind farm in Ontario.
Vancity Community Investment Bank (VCIB) finances the world’s largest wastewater energy transfer project to supply renewable energy to Toronto Western Hospital.
The climate emergency requires immediate action. It also demands a bold vision for a resilient economy that works for more people, so nobody is left behind as we transition to a cleaner economy.
How do we fund climate action? A portion of day-to-day deposits go towards community investments to support initiatives that promote sustainable jobs, decarbonization of businesses, and partnerships to help more people be part of the climate transition.
Join the movement. It's time to put your money where your values are.Join Vancity