Table of Contents
Maintain a foundation of trust
Obsessed with your success
Manage our impact responsibly
Supplemental reporting
Appendices
Overview
The nature, timing and extent of procedures performed depends on our professional judgment, including an assessment of the risks of material misstatement, whether due to fraud or error, and involves obtaining evidence about the subject matter information. Our engagement included: assessing the appropriateness of the Bank’s Scope 1 and Scope 2 GHG emissions, the suitability of the criteria used by the Bank in preparing the subject matter information in the circumstances of the engagement and evaluating the appropriateness of the: methods, policies and procedures, and the reasonableness of estimates made by the Bank. Our engagement included, amongst others, the following procedures: • Inquiries with relevant staff at the corporate level as well as third-party service providers to understand the data collection and reporting processes for the subject matter information; • Assessment of the suitability and application of the applicable criteria in respect of the subject matter information; • Where relevant, performing walkthroughs to test the design of internal controls relating to data collection and reporting of the subject matter information; • Comparing the reported data for the subject matter information to underlying data sources on a sample basis; • Inquiries regarding key assumptions and the re-performance of calculations on a sample basis; and, • Reviewing the presentation of the subject matter information in the Report to determine whether the information presented is consistent with our overall knowledge of, and experience with, the environmental performance of the Bank.
The engagement was conducted by a multidisciplinary team which included professionals with suitable skills and experience in both assurance and in the applicable subject matter, including environmental, social and governance aspects.
Practitioner’s independence and quality control We have complied with the relevant rules of professional conduct/code of ethics applicable to the practice of public accounting and related to assurance engagements, issued by various professional accounting bodies, which are founded on fundamental principles of integrity, objectivity, professional competence and due care, confidentiality and professional behaviour. The firm applies International Standard on Quality Control 1, Quality Control for Firms that Perform Audits and Reviews of Financial Statements, and Other Assurance Engagements and, accordingly, maintains a comprehensive system of quality control, including documented policies and procedures regarding compliance with ethical requirements, professional standards and applicable legal and regulatory requirements. Significant inherent limitations Historical non-financial information, such as that contained in the Report, is subject to more inherent limitations than historical financial information, given the qualitative characteristics of the underlying subject matter and methods used for determining this information. The absence of a significant body of established practice on which to draw allows for the selection of different but acceptable evaluation techniques, which can result in materially different measurements and can impact comparability. The nature and methods used to determine such information, as described in the applicable criteria, may change over time, and it is important to read the Bank’s reporting methodology which can be found in the relevant footnotes of the Report. Conclusion Our conclusion has been formed on the basis of, and is subject to, the matters outlined in this report. We believe that the evidence we have obtained is sufficient and appropriate to provide a basis for our conclusion. Based on the procedures performed and evidence obtained, no matters have come to our attention to cause us to believe that the Bank’s subject matter information for the period ended October 31, 2022, is not prepared and presented, in all material respects, in accordance with the applicable criteria.
Chartered Professional Accountants March 10, 2023 Vancouver, Canada
75 2022 SUSTAINABILITY REPORT AND PUBLIC ACCOUNTABILITY STATEMENT
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