- Data limitations in quantifying financed emissions, particularly for SMEs and lack of property-level data for residential mortgages.
- Challenges in accurately measuring operational emissions due to reliance on utility bills and variations in energy costs and carbon intensity.
- Need for more and better climate data and standardization of climate-related measurement methodologies.
Coast Capital Savings Federal Credit Union
Greenhouse gas emissions & sustainability report data
In its 2022 reporting, Coast Capital Savings Federal Credit Union disclosed greenhouse gas emissions of 1.0K tCO2e (operational). By scope: Scope 1: 965 tCO2e (Natural Gas and Vehicle Fleet); Scope 2: 75 tCO2e; Scope 3: 222.6K tCO2e (Financed Emissions). 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
1.0K tCO2e (operational)
2022
📊 Emissions by Scope (2022)
| 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). | 965 tCO2e (Natural Gas and Vehicle Fleet) |
| Scope 2 | Indirect emissions from purchased electricity, steam, heat and cooling. | 75 tCO2e |
| Scope 3 | Other indirect emissions across the value chain (purchased goods, business travel, use of sold products, etc.). | 222.6K tCO2e (Financed Emissions) |
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 |
|---|---|
| 2022 | 1.0K tCO2e (operational) |
Each row is the headline figure extracted from a different report; scope coverage and methodology can change between years.
✅ Reported Environmental Achievements
- Reduced operational emissions by 1.7% (19 tonnes) in 2022 compared to 2021.
- Identified a 53% reduction target in carbon intensity for the residential mortgage portfolio by 2030 (compared to 2022 baseline).
🎯 Climate & Sustainability Targets
🔜 Short-term
- Improve data capture and analysis to better understand climate-related risks.
📅 Medium-term
- Build capacity to comply with federal regulations and achieve long-term GHG emission reduction targets.
- Develop a transition plan for the residential mortgage portfolio.
🔭 Long-term
- Achieve net-zero emissions across lending and investing activities by 2050.
🌱 ESG Focus Areas
Climate Change