Maintain a foundation of trust
Table of Contents
Obsessed with your success
Manage our impact responsibly
Supplemental reporting
Appendices and Glossary
Overview
Board responsibilities Our Board is responsible for overseeing the development and execution of our approach to sustainability and related disclosures included within our Sustainability Report and Public Accountability Statement. Our Directors have experience in sustainability matters, including environmental and social issues, and corporate governance principles and practices. Management responsibilities Our ESG Steering Committee oversees the design and execution of our approach to sustainability. The ESG Steering Committee consists of each member of our Executive team, and is supported by our Sustainability team, who engages with internal and external stakeholders and works closely with our business units and corporate teams to establish appropriate working groups tasked with the development of various components of our approach to sustainability. Our Executive Risk Committee provides oversight of our developing approach to identify, assess, monitor, and report on social and environmental risks. In addition to their participation in the ESG Steering Committee and Executive Risk Committee, members of our Executive team have specific accountabilities related to our approach to sustainability. For example, our Chief People & Culture Officer is accountable for our approach to diversity, equity and inclusion and our Chief Information Officer is responsible for cybersecurity programs.
Embedding sustainability within executive compensation
Our executive compensation philosophy aims to attract and retain a team focused on developing and executing our strategic direction, and delivering strong outcomes for our clients, people, investors and communities. A component of executive variable pay is linked to key ESG factors, such as client satisfaction, team member engagement, and diversity and inclusion across the organization. The ongoing development and execution of our approach to sustainability, including a climate transition plan, is included in the performance criteria of the performance share units (PSUs) granted under our executive long-term incentive plan (LTIP). As our approach to sustainability evolves, we will continue to explore further integration of ESG factors and targets into our compensation programs.
Refer to our most recent Management Proxy Circular for further information about our executive compensation program.
CWB Executive Committee members
Refer to our Climate related disclosures on page 57 for further information on Board and management oversight responsibilities specifically related to our approach to climate change.
15 2023 SUSTAINABILITY REPORT AND PUBLIC ACCOUNTABILITY STATEMENT
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