The Positive Social Impact of Credit Union Products and Services

Credit unions have a positive social impact on local communities across Canada through the products and services they offer. An underlying premise to Environmental, Social, and Governance (ESG) Risk Ratings developed by Sustainalytics is that transitioning toward a more sustainable economy and effective management of ESG risks should enhance long-term enterprise value, all else being equal. This commentary highlights the manner in which credit union activities generate a positive social impact and, as such, support principles underlying sustainable economics and long-term value creation.