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IGM Financial Inc
IGM Financial's GHG Emissions Data Preview
In 2024, IGM Financial completed a corporate carbon footprint assessment and publicly disclosed its greenhouse gas (GHG) emissions according to the GHG Protocol, covering Scope 1 (direct emissions from owned or controlled sources), Scope 2 (indirect emissions from purchased energy) and Scope 3 (indirect emissions across the value chain).
IGM Financial has also provided a category-level breakdown for 5 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 2 | ||||
Market-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  c | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 1 Revenue Intensity (tCO2e/$M) | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
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bVerified Sources Behind IGM Financial’s Greenhouse Gas (GHG) Emissions Data
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Insights into IGM Financial's Operational Emissions
In 2024, the total operational greenhouse gas (GHG) emissions ofIGM Financial amounted to90.83metric tons of CO2 equivalent.This figure includes both direct emissions from owned or controlled sources (Scope 1) and indirect emissions from purchased energy (Scope 2).a
Compared to 2023, the total operational greenhouse gas (GHG) emissions of IGM Financialdecreased by 84.86%, showing that the company has made progress in taking action to reduce the climate impact of its operations.ab
IGM Financial's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are IGM Financial's Scope 1 emissions?
In 2024, the total Scope 1 emissions of IGM Financial were 79.66 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Has IGM Financial reduced its Scope 1 emissions over time?
Since 2019, IGM Financial's Scope 1 emissions have decreased by 91.85%, reflecting a declining long-term trend in Scope 1 emissions over time.ab
Compared to the previous year(2023), IGM Financial's Scope 1 emissions decreased by 86.57%, highlighting the company's efforts to lower direct emissions from assets it owns or controls.ab
What are IGM Financial's Scope 2 emissions?
In 2024, IGM Financial reported Scope 2 greenhouse gas (GHG) emissions of 6.71 tCOâ‚‚e using the market-based method and 11.17 tCOâ‚‚e using the location-based method.a
Has IGM Financial reduced its Scope 2 emissions over time?
Since 2019, IGM Financial's Scope 2 greenhouse gas (GHG) emissions (Location-Based)have increased by 71.06%, reflecting a rising long-term trend in Scope 2 emissions over time.ac
What methodology does IGM Financial use for Scope 2 reporting?
In 2024, IGM Financial reported its Scope 2 emissions using the market-based method and using the location-based method.a
IGM Financial's Scope 2 Emissions Over Time
- Total Scope 2 Location-Based
- Total Scope 2 Market-Based
Insights into IGM Financial's Value Chain Emissions
In 2024, IGM Financial reported 7,271,803.3 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain.a
The 2024 disclosure of IGM Financial includes a breakdown across 5of the 15 Scope 3 categories defined by the GHG Protocol,up from 4 in 2023, reflecting improved emissions accounting practices and greater transparency across the company's value chaina
IGM Financial's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are IGM Financial's Scope 3 emissions?
In 2024, IGM Financial reported total Scope 3 emissions of 7,271,803.3 metric tons of COâ‚‚ equivalent (tCOâ‚‚e).a
Approximately 0.08%of these emissions originated from upstream activities such as purchased goods and capital goods, while 99.92%came from downstream activities like product use, distribution, and end-of-life treatment.a
Has IGM Financial reduced its Scope 3 emissions over time?
Since 2019, IGM Financial's Scope 3 emissionshave increased by 15,561.53%, reflecting a rising long-term trend in Scope 3 emissions over time.ab
Compared to the previous year (2023), IGM Financial's Scope 3 emissions increased by 18,773.09%, suggesting that the company faced challenges in reducing emissions across its value chain.ab
What categories of Scope 3 emissions does IGM Financial disclose?
In 2024, IGM Financial reported emissions for 5 out of the 15 Scope 3 categories defined by the GHG Protocol.a
This partial disclosure allows for some insight into the company's indirect impacts.
What are the main sources of IGM Financial's Scope 3 emissions?
In 2024, the largest contributors to IGM Financial's Scope 3 emissions were:a
- Investments (Cat. 15): 7,266,301 tCOâ‚‚e(99.92%)
- Upstream Leased Assets (Cat. 8): 3,981.97 tCOâ‚‚e(0.05%)
- Business Travel (Cat. 6): 1,414.91 tCOâ‚‚e(0.02%)
IGM Financial's Scope 3 Emissions by Categories
Insights into IGM Financial’s GHG Emissions Intensity Compared to Industry Peers
In 2024, IGM Financial reported Scope 1 greenhouse gas (GHG) emissions of 79.66 tCOâ‚‚e and total revenues of USD 2,429 millions. This translates into an emissions intensity of 0.03 tCOâ‚‚e per millions USD.a
IGM Financial's Scope 1 Emissions Intensity Compared to Peers
How does IGM Financial's GHG emissions intensity compare to its peers?
In 2024, IGM Financial reported a Scope 1 emissions intensity of 0.03 tCOâ‚‚e per millions USD. Compared to the peer group median of 0.11, this places the company below its industry benchmark, indicating it is more carbon-efficient than most competitors.a
Where does IGM Financial rank on GHG emissions intensity within its industry?
In 2024, IGM Financial ranked 7 out of 21 companies in its industry peer group, based on Scope 1 emissions intensity (measured in tCOâ‚‚e per millions USD).a
IGM Financial is therefore positioned in the mid-range of its industry, neither a clear leader nor a laggard in carbon efficiency.a
Insights into IGM Financial's Total Carbon Footprint
In 2024, IGM Financial reported a total carbon footprint of 7,271,894.13 metric tons of COâ‚‚ equivalent (tCOâ‚‚e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 18,483.94% increase compared to 2023, suggesting a rise in emissions across its operations or value chain.ab
The largest contributor to IGM Financial's total carbon footprint was Scope 3 emissions, accounting for 100% of the company's total carbon footprint, followed by Scope 1 emissions at 0%.a