First anniversary of the signing of the UN Principles for Responsible Banking
Highlights
- To achieve this goal, the Bank will optimize business travel and promote a hybrid model that allows for remote work.
- The Bank will continue to improve its energy efficiency, notably through a system that allows energy use at a number of branches to be managed remotely. The Bank has one of the lowest carbon footprints per dollar of revenue, per employee and per square metre in
North America , due in part to its significant use of hydroelectricity. - The criteria of the LEED rating system are being applied to several of the Bank's current and future buildings, including its new head office, which aims to earn LEED v4 Gold certification.
- The Bank achieved its 2019 carbon-neutrality targets by purchasing carbon credits from the
Nature Conservancy of Canada and emission allowances throughCoop Carbone . It has set the same target for 2020. - The 25% target for GHG reduction is aligned with the Bank's public disclosure efforts. The Bank supports the
Task Force on Climate-related Financial Disclosures (TCFD) and has been involved in theCarbon Disclosure Project (CDP) for many years. - This week, the Bank is marking the first anniversary of the signing of the UN Principles for Responsible Banking. The Bank was one of the first financial institutions in
North America to adopt these Principles, which are intended to foster the development of a sustainable, responsible banking system.
Quote
"Measuring the impact of our actions is essential in the fight against climate change. A 25% reduction in our greenhouse gas emissions is an ambitious target that will require us to change our approach. Over the years, the Bank has demonstrated its ability to overcome major challenges to achieve its objectives and meet the expectations of the communities it serves. Today, we're taking an important step in living up to our commitment to sustainable development," said
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