Table of Contents
Maintain a foundation of trust
Obsessed with your success
Manage our impact responsibly
Supplemental reporting
Appendices and Glossary
Overview
About this report This Sustainability Report includes information about Canadian Western Bank and its subsidiaries (collectively, CWB) and outlines our activity and performance related to environmental, social and governance (ESG) factors that are most important to our stakeholders (refer to Our approach to sustainability ). Unless otherwise stated, the information contained within this report pertains to our fiscal year ended October 31, 2023, and all amounts are reported in Canadian dollars.
Reporting to the Chief Financial Officer (CFO), our Sustainability team is responsible for the development of this report, which was reviewed by our ESG Steering Committee, Disclosure Committee and Board of Directors prior to its release.
PUBLIC ACCOUNTABILITY STATEMENT
This report includes our Public Accountability Statement, which describes the contributions we made to the Canadian economy and society in fiscal 2023, in alignment with the regulatory requirements outlined in section 627.996 of the Bank Act . Refer to page 74 for further details.
REPORTING STANDARDS AND FRAMEWORKS
We provide transparent disclosures on our approach to sustainability, supported by a phased adoption of several voluntary reporting frameworks, including the: – Task Force on Climate-related Financial Disclosures (TCFD) recommendations (refer to page 57 ); and, – Sustainability Accounting Standards Board (SASB) standards (refer to page 78 ). We will continue to enhance our disclosures as we advance our approach to sustainability and as related reporting regulations and stakeholder expectations evolve.
We publish a range of materials with information about our approach to sustainability and relevant ESG factors. The following publications are referenced throughout this report and can be found on CWB.com :
INDEPENDENT LIMITED ASSURANCE
We obtained limited assurance from KPMG LLP (KPMG) on our Scope 1 and 2 greenhouse gas (GHG) emissions figures disclosed on pages 9, 68 and 69 . Refer to page 85 for KPMG’s Independent Limited Assurance Report .
• ESG data pack • Annual Report • Equity Report Narrative • Management Proxy Circular Our previous Sustainability Reports can be found at www.cwb.com/en/ sustainability-reports.
WAYS TO REACH US
We welcome your feedback on this report. Please direct your questions and comments to sustainability@cwbank.com .
5 2023 SUSTAINABILITY REPORT AND PUBLIC ACCOUNTABILITY STATEMENT
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