2021 Desjardins Group Annual Report

2021 Desjardins Group Annual Report

Download the Annual report (PDF, 26.4 MB)

Message from Guy Cormier, president and CEO

Building a prosperous, sustainable future together

At Desjardins, we're more committed than ever to shaping society and lighting the way for others as we pursue our cooperative financial group's mission for our members and clients and make a difference on key social and environmental issues.

In 2021, we relied on our team, our financial stability and our adaptability to provide proactive support during the COVID-19 pandemic. We're firmly committed to the socioeconomic recovery. That focus is clear in 2 of our amazing initiatives, the GoodSpark Fund and the Momentum Fund.

For us, it's not a question: the recovery needs to be green. That's why we took part in an online tour around Quebec to discuss the circular economy, and why we launched our ambitious climate strategy with strong commitments that we plan to achieve by 2040.

We pursued our digital shift by investing nearly $2 billion to continue to improve all our systems, uphold our commitment to security and implement our omnichannel transformation.

We also continued to focus on supporting young people. In 2021, our total commitment reached nearly $80 million. To help kids stay in school and succeed, we awarded 3,377 scholarships totalling $4.1 million.

All this was possible thanks to the commitment and extraordinary dedication of all Desjardins directors and employees to achieve our mission.

Speech by Guy Cormier

Saturday, March 26, 2022, at approximately 11:40 AM

Learn all about our biggest accomplishments from 2021 during the speech by our president and CEO.

Watch the speech

Social and cooperative responsibility

  • $514 million redistributed to members and the community
  • GoodSpark Fund $250 million for community development from 2016 through 2024
  • Climate ambition Zero carbon emissions by 2040
  • RI leader in Canada Approximately 50 responsible investment solutions

See the Social and Cooperative Responsibility Report

Financial results

  • Assets of $397.1 billion as at December 31, 2021
  • Surplus earnings of $2,942 million
  • Operating income of $20,405 million a 10.9% growth
  • Tier 1A capital ratio of21.1%

See the financial highlights

Our impact in 2021

Learn about our key projects and greatest achievements in 2021 and how they've impacted our members our clients and the communities we serve.



Feel free to send us your questions, comments and suggestions.

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  1. For more information on non generally accepted accounting principles (GAAP) financial measures and supplemental financial measures, see “Non-GAAP financial measures and other financial measures” section of Desjardins Group's 2021 annual MD&A which is available on the SEDAR website at www.sedar.com (under the Fédération des caisses Desjardins du Québec profile). Non-GAAP financial measures used by Desjardins Group, and which do not have a standardized definition, are not directly comparable to similar measures used by other companies, and may not be directly comparable to any GAAP measures.
  2. In accordance with the guideline on Capital Adequacy Guideline - Financial services cooperatives issued by the AMF.