2024 Desjardins Group Annual Report

Download the annual report (PDF, 8.83 MB)

Message from Guy Cormier, President and CEO

Solidarity at the heart of a changing world

Our collective challenges intensified in 2024. Nevertheless, Desjardins Group produced excellent results for the fiscal year that ended on December 31, 2024.

To better meet the needs of our members and clients, we enhanced our AccèsD app and introduced financial insights by our digital assistant, Alvie. We also kept up our financial literacy initiatives and increased the support we offered during disasters.

Thanks to our one-stop shop approach for affordable housing, we’ve been able to support the financing of several housing projects. More than 1,750 affordable housing units will be move-in ready by the end of 2025.

And with the GoodSpark Fund, which we brought to $280 million this year, we amplified our impact by supporting meaningful initiatives across Quebec and Ontario.

We’ve also shown a strong commitment to sustainable development. Our ambition is clear: to accelerate the transition to a low-carbon economy while placing sustainability at the heart of everything we do.

To support entrepreneurs and encourage their growth in today’s challenging economic climate, we introduced strong strategies to help them navigate those uncertainties with confidence.

The year 2024 marked the implementation of modernized governance, as we separated the roles of chair of the board and president and CEO of the organization.

Finally, I’d like to extend my warmest thanks to the members of the boards of our caisses and subsidiaries, as well as to our employees and managers for their dedication and commitment. Thank you also to our 7.8 million members and clients for your trust.

Speech by Guy Cormier

Watch our president and CEO discuss our biggest accomplishments from 2024 as of Saturday, March 22, at 4 PM.

Watch the speech

Social and cooperative responsibility

  • $557 million redistributed to members and the community[ 1 ] note
  • GoodSpark Fund $280 million for community development from 2016 through 2027
  • New financing commitments since 2020 to support renewable energy and energy transition projects, amounting to 6.1 billion
  • RI leader in Canada More than 70 responsible investment solutions

See the Social and Cooperative Responsibility Report

Financial results

  • Assets of $470.9 billion as at December 31, 2024
  • Surplus earnings of $3,356 million
  • Total net income of $14,660 million a 16.6% increase
  • Tier 1A capital ratio[ 2 ] note of22.2%

Desjardins: 125 years of ambition

125 years ago, a bold idea of cooperation sparked the creation of Desjardins Group. Today, we’re the largest cooperative financial group in North America and the sixth largest in the world.

Watch the video and learn about our mission, our extensive reach, our achievements, and our role as a socioeconomic leader. See how we’re paving the way for the future by giving our members and clients the support they need to be financially empowered.

Watch the video - External link.

Providing guidance to our cooperative

2024 was filled with big achievements. Here's the team that provided direction and inspiration to our 55,290 employees throughout the past year.

Management Committee

Left to right: Antoine Avril, Valérie Lavoie, Réal Bellemare, Nathalie Larue, Jean-Yves Bourgeois, Guy Cormier, Isabelle Garon, Alain Leprohon, Marie-Huguette Cormier, Denis Dubois, Di-Thai Hua


Not pictured: Johanne Duhaime

Board of Directors

Left to right: Elaine Lajeunesse, Maryse Lapierre, Luc Bachand, Jean-François Laporte, Paula Parhon, André Grenier, Lisa Baillargeon, Serge Rousseau, Guy Cormier, Patricia-Ann Sarrazin-Sullivan, Louis Babineau, Michel Magnan, Nadine Groulx, Kathleen Bilodeau, Johanne Charbonneau, Denis Latulippe, Doryne Bourque, Francine Côté, Jordan Baril-Furino


Not pictured: Richard Villeneuve