Carbon neutral in our operations since 2008.
100% fossil fuel free investments.
Our ambition is to make Vancity net-zero by 2040 across all our mortgages and loans. That means the carbon emitted from Vancity's lending will be eliminated or significantly reduced, with any remaining emissions being brought to net-zero.
Vancity’s most significant climate-related impacts are the result of the loans and investments we choose to make. We’re working to reduce the emissions of the things we lend to and invest in, and have emissions reductions targets covering the majority of our lending.
These three categories make up close to 86%* of our measurable on-balance financed emissions.
Residential mortgages for home purchases
Commercial real estate mortgages for property acquisition
Business loans for operational purposes
To learn more about financed emissions and how we measure them, see our Financed Emissions Approach and Methodology Report.
Advocating for equity-focused climate policy at every level of government is a key component to becoming net-zero by 2040.
Vancity is a leading voice in Canada on inclusive climate action. We meet regularly with policy makers across the country, and are members of councils transforming Canada’s infrastructure and economy. Our most recent submissions:
TO: Government of Canada
For a robust, comprehensive, and inclusive plan for developing Just Transition legislation that meets the needs of workers, businesses, and communities.See submission
TO: Government of Canada (Office of the Superintendent of Financial Institutions)
For regulators such as OSFI to move quickly to integrate climate risks into capital and regulatory frameworks.See submission
TO: Government of BC
Calling on governments to scale up their response to the changing climate with an approach grounded in Reconciliation and racial and economic justice.See submission
TO: Canadian Securities Administrators
Calling on the Canadian Securities Administrators to require climate-related financial disclosures.See submission
TO: City of Vancouver
Supporting the City of Vancouver in reducing greenhouse gas pollution from existing homes through zero-emission equipment for water and space heating and cooling.See submission
When your money is changing the world, you are changing the world.Join Vancity
*This figure encompasses members Scope 1 and 2 emissions attributed to Vancity’s financing.