- Data limitations in calculating GHG emissions, particularly for leased spaces and Scope 3 emissions.
- Need to improve data quality for Scope 3 financed emissions calculations.
Laurentian Bank of Canada
Greenhouse gas emissions & sustainability report data
In its 2021-11 to 2022-10 reporting, Laurentian Bank of Canada disclosed greenhouse gas emissions of 1.1K tCO2e/year (Scope 1 & 2). By scope: Scope 1: 130 tCO2e/year; Scope 2: 967 tCO2e/year; Scope 3: 47.8K tCO2e/year (CRE). Figures are as stated in the company's own report and may use different boundaries, units or methods (for example market-based vs location-based Scope 2), so compare with care.
GHG Emissions
1.1K tCO2e/year (Scope 1 & 2)
2021-11 to 2022-10
Energy Use
73.1K GJ/year
2021-11 to 2022-10
📊 Emissions by Scope (2021-11 to 2022-10)
| Scope | What it covers | Reported value |
|---|---|---|
| Scope 1 | Direct emissions from sources the company owns or controls (fuel combustion, company vehicles, process and fugitive emissions). | 130 tCO2e/year |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 967 tCO2e/year |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 47.8K tCO2e/year (CRE) |
New to scopes? Read Scope 1, 2 and 3 emissions explained and market-based vs location-based Scope 2.
📈 Emissions by Report Period
| Report period | Headline emissions figure reported |
|---|---|
| 2021-11 to 2022-10 | 1.1K tCO2e/year (Scope 1 & 2) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Established a target of 35% absolute reduction in Scope 1 and 2 GHG emissions by 2030 from a 2022 base year.
- Calculated Scope 3 financed emissions for the corporate real estate asset class (47,833 tCO2e).
- Launched inaugural Sustainable Bond Framework.
- Diverted 100% of excess furniture and electronics from space reduction of Toronto corporate offices through donation, upcycling and resale.
🎯 Climate & Sustainability Targets
📅 Medium-term
- 35% absolute reduction in Scope 1 and 2 GHG emissions by 2030.
🌱 ESG Focus Areas
Greenhouse Gas EmissionsEquity, Diversity and InclusionEthics and IntegrityData Privacy and SecuritySustainable ProductsBoard and Executive CompositionFinancial LiteracyEmployer of ChoiceCustomer SatisfactionCleaner TechnologiesCommunity InvestmentE&S Risk ManagementEmployee VolunteeringFinancial Inclusion