Manage our impact responsibly
Table of Contents
Maintain a foundation of trust
Obsessed with your success
Supplemental reporting
Appendices and Glossary
Overview
Climate related disclosures
We recognize that we have a part to play in Canada’s transition to net-zero emissions by managing our direct and indirect climate impact, supporting the ongoing success of our clients as they strive to achieve their climate goals and mitigating the risks associated with climate change.
OUR PROGRESS
In 2021, we began to enhance our climate-related disclosures in alignment with the recommendations of the Financial Stability Board’s TCFD, which focused on four key areas:
Governance Board and management oversight of climate risks and opportunities
Strategy Actual and potential impacts of climate risks and opportunities on business strategy and opportunities
Risk Management Risk management approach to identify, assess and manage climate risks
Metrics and Targets Metrics and targets used to assess and manage climate risks and opportunities
In 2023, the work of the TCFD was completed, and the recommendations have been incorporated into the new IFRS S1 and S2 standards published by the International Sustainability Standards Board. For our 2023 climate reporting, we continue to leverage the TCFD recommendations. We will continue to monitor emerging guidelines from the Canadian Sustainability Standards Board and OSFI as we consider how to integrate IFRS S1 and S2 guidance into our future sustainability reporting.
57 2023 SUSTAINABILITY REPORT AND PUBLIC ACCOUNTABILITY STATEMENT
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