IGM Financial Inc
IGM Financial's GHG Emissions Data Preview
In 2023, 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 4 out of 15 Scope 3 emissions categories, offering greater transparency into its value chain emissions.
| Metric (tCO2e) | 2023 | 2022 | 2021 | 2020 - 2017 |
|---|---|---|---|---|
Total Scope 1 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 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.  b | 0000000 |
Location-Based | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  b | Copy restricted. Please purchase to unlock this data.  b | 0000000 |
Total Scope 3 | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | Copy restricted. Please purchase to unlock this data.  a | 0000000 |
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Verified Sources Behind IGM Financial’s Greenhouse Gas (GHG) Emissions Data
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Insights into IGM Financial's Operational Emissions
In 2023, the total operational greenhouse gas (GHG) emissions of IGM Financial amounted to 600 metric 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 2022, the total operational greenhouse gas (GHG) emissions of IGM Financial decreased by 4.06%, showing that the company has made progress in taking action to reduce the climate impact of its operations. a b
IGM Financial's Scope 1 Emissions Over Time
- Total Scope 1
- Year-over-Year Change
What are IGM Financial's Scope 1 emissions?
In 2023, the total Scope 1 emissions of IGM Financial were 593 metric tons of CO₂ equivalent (tCO₂e). a
Compared to the previous year (2022), IGM Financial's Scope 1 emissions decreased by 3.89%, highlighting the company's efforts to lower direct emissions from assets it owns or controls. a
What are IGM Financial's Scope 2 emissions?
In 2023, IGM Financial reported Scope 2 greenhouse gas (GHG) emissions of 7 tCO₂e using the market-based method. a
What methodology does IGM Financial use for Scope 2 reporting?
In 2023, IGM Financial reported its Scope 2 emissions using the market-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 2023, IGM Financial reported 38,530 metric tons of CO₂ equivalent (tCO₂e) of Scope 3 greenhouse gas (GHG) emissions, representing indirect emissions across its upstream and downstream value chain. a
The 2023 disclosure of IGM Financial includes a breakdown across 4 of the 15 Scope 3 categories defined by the GHG Protocol, matching the level of disclosure in 2022, demonstrating consistent Scope 3 emissions reporting coverage year over year. a
IGM Financial's Scope 3 Emissions Over Time
- Total Scope 3
- Year-over-Year Change
What are IGM Financial's Scope 3 emissions?
In 2023, IGM Financial reported total Scope 3 emissions of 38,530 metric tons of CO₂ equivalent (tCO₂e). a
Approximately 14.64% of these emissions originated from upstream activities such as purchased goods and capital goods, while 85.36% 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 2018, IGM Financial's Scope 3 emissions have decreased by 19.09%, reflecting a declining long-term trend in Scope 3 emissions over time. a c
Compared to the previous year (2022), IGM Financial's Scope 3 emissions remained relatively stable, indicating that IGM Financial 's emissions have plateaued with no significant change in its value chain footprint. a
What categories of Scope 3 emissions does IGM Financial disclose?
In 2023, IGM Financial reported emissions for 4 out of the 15 Scope 3 categories defined by the GHG Protocol. a
The limited disclosure restricts visibility into specific emission sources across the company's value chain.
What are the main sources of IGM Financial's Scope 3 emissions?
In 2023, the largest contributors to IGM Financial's Scope 3 emissions were: a
- Investments (Cat. 15): 32,891 tCO₂e (85.36%)
- Upstream Leased Assets (Cat. 8): 4,442 tCO₂e (11.53%)
- Business Travel (Cat. 6): 1,095 tCO₂e (2.84%)
IGM Financial's Scope 3 Emissions by Categories
Insights into IGM Financial's Total Carbon Footprint
In 2023, IGM Financial reported a total carbon footprint of 39,130 metric tons of CO₂ equivalent (tCO₂e) across Scope 1, Scope 2, and Scope 3 emissions. This represents a 6.16% increase compared to 2022, suggesting a rise in emissions across its operations or value chain. a b
The largest contributor to IGM Financial's total carbon footprint was Scope 3 emissions, accounting for 98.47% of the company's total carbon footprint, followed by Scope 1 emissions at 1.52%. a