January 22, 2025 – At Vancity, we’re committed to tackling the climate crisis affecting our members and communities. Bringing the emissions from all our mortgages and loans to net-zero by 2040 is a key step in achieving this.
Climate risks are financial risks, and the financial sector has a role to play in addressing these through science-based targets, transparency, and accountability. Vancity is also a financial cooperative that is owned by our members, and we exist to use the combined power of their voices and their capital to build a clean and fair world.
We believe regulation is crucial for ensuring lasting change. Strong, consistent policy frameworks will help financial institutions make meaningful, long-term investments in climate solutions and hold them accountable for emissions reductions.
With 2024 recently confirmed as the warmest year on record at approximately 1.55°C above pre-industrial levels, we remain committed to delivering emissions reductions and advancing the global transition to net-zero. Vancity’s participation in the NZBA is one important part of this journey, and we continue to support the alliance and its goals. As always, we remain focused on driving real change for our members, communities, and the planet.