Obsessed with your success
Table of Contents
Maintain a foundation of trust
Manage our impact responsibly
Supplemental reporting
Overview
Appendices
Sustainable finance and products
As a bank, we can activate social and environmental progress by mobilizing capital and financial services. We recognize that sustainable finance represents a growth opportunity for our business and our clients that can also create positive outcomes for our communities and investors.
We are committed to determine how we can best support our clients, particularly small- and medium-sized businesses, to achieve their sustainability goals, in alignment with our growth strategy and prudent risk appetite. Mobilizing sustainable finance products can also support our ability to reduce GHG emissions associated with our lending portfolio by supporting our clients as they lower their own carbon footprint. We have also observed increased market demand for sustainable finance products, such as sustainable bonds, from our investors.
We believe the steps we are taking to advance our approach to sustainability, including climate change, are foundational to our ability to create lasting success for our business and our stakeholders. As we move forward, we are focused to enhance our sustainable finance expertise and capabilities, consider participation in the sustainable bond market and provide our clients with product offerings, advisory services and financing products that support their success.
RESPONSIBLE WEALTH MANAGEMENT PRACTICES
STAYING INFORMED
CWB Wealth is committed to responsible investing. In 2022, CWB Wealth became a signatory to the Principles for Responsible Investing (PRI) and is currently formalizing an approach to integrate ESG factors into investment analysis and decision-making processes. We will report to PRI on our 2023 activities during the 2024 reporting cycle.
Our CFO is a member of the Sustainable Finance Action Council, which was established in May 2021 and is responsible to make recommendations on critical market infrastructure needed to attract and scale sustainable finance in Canada through disclosure of climate risks and opportunities, better access to climate data and analytics and a standardized climate risk taxonomy within the context of Canada’s capital markets.
Malcolm Kirkland, Merit Contractors Association Carlos Cartagena, CWB Financial Group Linnea McKercher, CWB Wealth
47 2022 SUSTAINABILITY REPORT AND PUBLIC ACCOUNTABILITY STATEMENT
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