National Bank announced its support for the Financial Stability
Board's Task Force on Climate-Related Disclosures (TCFD) at the Bank's annual
meeting held today in Drummondville, Quebec.
The Bank has
therefore committed to include in its disclosure relevant information
related to various questions addressed by the task force. It will also
closely monitor efforts currently underway by various provincial and
national authorities in this area.
The Bank is determined
to understand and as much as possible reduce the impact of its
activities on the environment, and has therefore implemented various
measures over a number of years to calculate and reduce its greenhouse
gas emissions. It takes part in the Carbon Disclosure Project, a key
global initiative in preventing climate change. With multiple LEED
certifications, an award-winning energy efficiency program as well as
a broad range of responsible practices, National Bank also intends to
make environmental initiatives a key priority in building its new
head office, which will break ground shortly.
Moreover, through its financing activities, the Bank actively supports
the energy transition that has been underway for some time. It is also
highly active with low-carbon-emission commercial clients,
particularly in the renewable energy sector. Its portfolio in this
area has seen strong growth in recent years.
information, visit: nbc.ca/socialresponsibility
About National Bank of Canada
With $251 billion in assets as at January 31, 2018,
National Bank of Canada
, together with its subsidiaries, forms one of Canada's leading
integrated financial groups. It has more than 21,000 employees in
knowledge-intensive positions and has been recognized numerous times
as a top employer and for its commitment to diversity. Its
securities are listed on the Toronto Stock Exchange (TSX: NA).
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