Manage our impact responsibly
Responsibly manage our social and environmental impact, and support Canada’s transition to net-zero emissions.
IN THIS SECTION
2023 HIGHLIGHTS
• Social and environmental risk management • Climate related disclosures • Environmental impact of our operations • Responsible procurement
• Developed an absolute Scope 1 and 2 GHG emissions reduction target of 42% by 2030. • Estimated financed emissions related to our residential mortgages and oil and gas extraction lending portfolios. • Developed a climate risk heat map as an initial assessment of the impact of physical and transition risks to key industries within our loan portfolio. • Continued to integrate social and environmental risk factors, including climate risk, into our existing Risk Management framework. • Finalized development of our Supplier Code of Conduct.
54 2023 SUSTAINABILITY REPORT AND PUBLIC ACCOUNTABILITY STATEMENT
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