SASB index
SASB Standards are designed to identify and standardise disclosure for the sustainability issues most relevant to investor decision-making. In 2022 the International Sustainability Standards Board (ISSB) assumed responsibility for the SASB Standards when the Value Reporting Foundation (VRF), the global non-profit that previously maintained these standards, consolidated into the IFRS Foundation. We do not currently disclose all topics and/or accounting metrics included within the SASB standards, however, we will continue to evaluate applicable disclosures for inclusion in future reporting periods. As the SASB standards were originally developed from a U.S. perspective, some standards are not entirely applicable to Canadian-based financial institutions,
such as CWB. Where possible, we have disclosed information based on similar Canadian requirements. As a diversified financial institution, our operations fall into several SASB sector standards. This SASB index covers sector standards that we have determined to be most relevant to our business activities: Asset Management and Custody Activities; Commercial Banks; Consumer Finance; and, Mortgage Finance. Metrics that appear in more than one sector are grouped together. The SASB disclosure below has been prepared with reference to the 2023-06 versions of the applicable industry guidance.
SASB Disclosure
Accounting Metric
2023 Disclosure
Activity Metrics
Refer to page 36 of our 2023 Annual Report (Table 23 - Off-Balance Sheet Items) for a breakdown of our assets under management (AUM), and assets under administration and advisement. We do not disclose a breakdown of registered and unregistered AUM. Refer to page 31 of our 2023 Annual Report (Table 14 - Deposits) for a breakdown of personal, and business and government deposits. We do not disclose the number of accounts, a breakdown of chequing and savings accounts or amounts specifically related to small business clients. Refer to page 27 of our 2023 Annual Report (Table 8 - Outstanding Loans by Portfolio and Table 9 - Outstanding Loans by Industry Sector) for information on our loan portfolio composition. See page 9 of our Q4 2023 Supplemental Regulatory Capital Disclosures for a breakdown of our loan portfolio based on the segmentation within the Capital Adequacy Guidelines prescribed by the Office of the Superintendent of Financial Institution Canada (OSFI), which includes retail and corporate classifications. We also provide a Breakdown of total Canadian business financing on page 77 of this report. Refer to page 13 of our Q4 2023 Supplemental Financial Information for information on our residential mortgage portfolio. Refer to page 27 of our 2023 Annual Report (Table 8 - Outstanding Loans by Portfolio) for our balance of commercial mortgages. We do not disclose the number or value of residential or commercial mortgages originated.
FN-AC-000.A
(1) Total registered and (2) total unregistered assets under management (AUM)
FN-CB-000.A
(1) Number and (2) value of chequing and savings accounts by segment: (a) personal and (b) small business (1) Number and (2) value of loans by segment: (a) personal, (b) small business, and (c) corporate
FN-CB-000.B
FN-MF-000.A
(1) Number and (2) value of mortgages originated by category: (a) residential and (b) commercial
78 2023 SUSTAINABILITY REPORT AND PUBLIC ACCOUNTABILITY STATEMENT
Powered by FlippingBook