LGM Financial Services says it has achieved carbon neutrality for its fiscal year ended March 31, 2026, while developing a strategy aimed at reducing its operational emissions over the longer term.
The Vancouver-based automotive warranty, finance and insurance provider said an independent greenhouse gas inventory completed through Carbonzero measured 434.37 tonnes of carbon dioxide equivalent generated through its operations during the fiscal year. It was the second consecutive year LGM completed an independent inventory.
The milestone provides another example of how companies operating alongside Canada’s retail automotive sector are measuring and addressing their environmental footprint beyond the vehicles themselves.
To offset its measured emissions, LGM purchased verified carbon offsets through Ostrom Climate’s Climate Action Portfolio. According to the company, the portfolio includes renewable energy, forest conservation, sustainable agriculture and clean technology projects in Canada and internationally.
LGM President and CEO Drew Collier said the company views offsets as one part of a broader approach.
“Achieving carbon neutrality is a milestone we’re proud of, but we recognize that offsetting emissions is only part of the solution,” said Collier. “Our long-term focus is on reducing emissions at the source. That’s why we are working on building out our carbon reduction strategy which will help guide our efforts in the years ahead.”
During the fiscal year, LGM developed a carbon reduction strategy focused on identifying opportunities to lower emissions associated with transportation, business travel, employee commuting and operational efficiencies.
The company has also introduced an emissions-per-employee metric intended to track emissions relative to business growth and measure changes over time.
Additional information is expected in LGM’s forthcoming 2025/26 Sustainability Report, covering environmental stewardship, governance, community investment and responsible business practices.
