At CCUA’s 2020 Annual General Meeting (AGM), a member resolution was adopted to establish a working group to develop and publicize measurements to track and disclose the carbon emissions impact of credit unions’ portfolios.
The Climate Change Disclosure Working Group (CCDWG) was established by CCUA in response to the member resolution and met regularly in 2020-2021 to explore the emerging issue of climate-related financial disclosure and to raise awareness of climate-related risks, public policy implications, and industry leading climate disclosure frameworks.
CCUA intends to build on the work of the CCDWG and operationalize the member resolution on behalf of the credit union system by evolving the working group and its mandate into the Climate Action Working Group (CAWG).
Contact: esgcommunityimpact@ccua.com to learn more
- Bulkley Valley Credit Union (BC)
- First West Credit Union (BC)
- SASCU (BC)
- Sunshine Coast Credit Union (BC)
- Vancity (BC)
- Central 1 (BC & ON)
- Servus Credit Union (AB)
- Alberta Central (AB)
- Innovation Credit Union (SK)
- Assiniboine Credit Union (MB)
- Credit Union Central of Manitoba (MB)
- Kingston Community Credit Union
- (ON)
- Meridian Credit Union (ON)
- Pathwise Credit Union (ON)
- WFCU (ON)
- Your Neighborhood Credit Union (ON)
- Omista Credit Union (NB)
- League Savings and Mortgage (NS)
- Libro (ON)
- Coast Capital Savings (BC)
- Affinity Credit Union (SK)
- Prospera Credit Union (BC)
- Consolidated Credit Union (PEI)
- Conexus Credit Union (SK)
- The Credit Union (NB)
To read more on Financial-related Disclosures, please head to our ESG Resource Centre.
Resources
Task Force on Climate-related Financial Disclosures (TCFD)
Partnership for Carbon Accounting Financials (PCAF)
Global Reporting Initiative (GRI)
Science Based Targets initiative (SBTi)
Sustainability Accounting Standards Board (SASB)
FSB roadmap for addressing climate-related financial risks
Canadian Benchmark of Association ESG Practices
Manifest Climate Project Proposal (February 2023)
Note: This project proposal outlines proposed climate change monitoring services to interested credit unions. CCUA does not endorse any third-party provider; it is up to each credit union to determine which provider works best for them and meets their reporting objectives. CCUA welcomes additional proposals from other providers to offer as a reference to credit unions, as they consider how best to address future or potential regulatory requirements in climate change monitoring and risk analysis in their jurisdiction.
Manifest Climate Webinar: What Makes a Decision Useful Climate Disclosure? (February 2023)
ERM Webinar – Defogging the Future: A Clear Framework for Climate Scenario Analysis (January 2023)
Note: ERM is one of the leading climate/ESG consultancies
Note: The presentation is for insurers, but offers an explanation of OSFI’s B-15
ISSB Corporate Reporting Webinar Series Part 3: Connectivity and Controls (February 2023)
International Sustainability Standards Board Presentation – Recording (January 2023)
International Sustainability Standards Board Presentation – Deck (January 2023)
Climate Risk and TCFD Presentation (password: ^t?08Ot^).
The presentation slides are also available here.
Note: Free training. TCFD will be consolidated into the ISSB and we expect will be a requirement of OSFI’s B-15 guideline.
GHG Protocol Training Materials
Note: Free training and training for a fee. TCFD/ISSB reporting structure.
Banking on a Net-Zero Future: Effective Climate Governance for Canadian Banks (October 2022)
Note: a credit union specific sector guide will be made available in spring 2023
C.D. Howe Sustainable Green Finance – Conference report (October 2019)
C.D. Howe – Climate risk reporting needs clarity to succeed (December 2019
BIS analytical reports on climate-related financial risks (April 2021)