National Bank announces its support for the task force on climate-related disclosures
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.
For more 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). Follow the Bank's activities at nbc.ca or via social media such as Facebook, LinkedIn and Twitter.
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