Bank Profiles

Royal Bank of Canada

  • Rank in Canada by assets: 1
  • Direct fossil fuels funding: $15.9 billion
  • Direct renewable energy funding: $1.7 billion
  • Total bank fossil fuel financing: $50.5 billion
  • CO2 from total financed emissions: 198 million tonnes
  • Total financed emissions as % of Canada’s energy emissions: 34%
  • Checking account carbon footprint: 1,210 kg CO2 per C$10,000

TD Bank

  • Rank in Canada by assets: 2
  • Direct fossil fuels funding: $7.9 billion
  • Direct renewable energy funding: $0.8 billion
  • Total bank fossil fuel financing: $27.7 billion
  • CO2 from total financed emissions: 124 million tonnes
  • Total financed emissions as % of Canada’s energy emissions: 21%
  • Checking account carbon footprint: 970 kg CO2 per C$10,000

Scotiabank

  • Rank in Canada by assets: 3
  • Direct fossil fuels funding: $12 billion
  • Direct renewable energy funding: $1.5 billion
  • Total bank fossil fuel financing: $19.8 billion
  • CO2 from total financed emissions: 87 million tonnes
  • Total financed emissions as % of Canada’s energy emissions: 15%
  • Checking account carbon footprint: 1,430 kg CO2 per C$10,000

CIBC

  • Rank in Canada by assets: 5
  • Direct fossil fuels funding: $9.2 billion
  • Direct renewable energy funding: $2.1 billion
  • Total bank fossil fuel financing: $27.4 billion
  • CO2 from total financed emissions: 101 million tonnes
  • Total financed emissions as % of Canada’s energy emissions: 17%
  • Checking account carbon footprint: 1,160 kg CO2 per C$10,000

BMO

  • Rank in Canada by assets: 4
  • Direct fossil fuels funding: $10.2 billion
  • Direct renewable energy funding: $0.7 billion
  • Total bank fossil fuel financing: $30.3 billion
  • CO2 from total financed emissions: 97 million tonnes
  • Total financed emissions as % of Canada’s energy emissions: 17%
  • Checking account carbon footprint: 1,070 kg CO2 per C$10,000

Desjardins

  • Rank in Canada by assets: #1 cooperative
  • Direct fossil fuels funding: $0.23 billion
  • Direct renewable energy funding: $0.01 billion
  • Total bank fossil fuel financing: $5.1 billion
  • CO2 from total financed emissions: 15 million tonnes
  • Total financed emissions as % of Canada’s energy emissions: 3%
  • Checking account carbon footprint: 40 kg CO2 per C$10,000

Vancity

  • Rank in Canada by assets: #1 credit union
  • Direct fossil fuels funding: $0
  • Direct renewable energy funding: <$0.01 billion
  • Total bank fossil fuel financing: $0.2 billion
  • CO2 from total financed emissions: 0.5 million tonnes
  • Total financed emissions as % of Canada’s energy emissions: <0.1%
  • Checking account carbon footprint: <1 kg CO2 per C$10,000