Supporting Climate Change Solutions
Prepared for Pollution Probe workshop on Complementary Measures – June 28, 2005
Vancity
• • • •
• Guided by a commitment to corporate social responsibility and community
Canada’s largest Credit Union $10.5 billion in assets 300,000+ members 42 branches throughout Greater Vancouver, Fraser Valley and Victoria • Subsidiary companies include Citizens Bank of Canada
Climate Change Solutions Program
• Reducing our impact
– Commitment to be Carbon Neutral by 2010 – Grants and community investment
• Supporting community action • Financing member Action
• Biodiesel, SmartGrowth, Bike and Transit
Financing Member Action
• Bright Ideas home financing incentives
– – – – Energuide approved home energy retrofits Loans at prime $170 Cash back CMHC Mortgage Insurance discount
Financing Member Action
• Clean Air Auto Loan
– Loans at prime – Hybrid and dedicated natural gas vehicles
Clean Air Auto Loan - Results
• Low sales
– Supply of hybrids – Low key marketing
• Good environmental results • Member acquisition and loyalty
– 353 tonnes C02 / year saved – Taxis and couriers
Clean Air Auto Loan – Next Steps
• Focus on low emission vehicles • Investigating national launch • Issues
– defining scope – training staff – Smart Car
www.vancity.com
Andrea Harris Sustainability Programs Manager Vancity and Citizens Bank Sustainability Group p: 604.877.7939 e: andrea_harris@vancity.com