Laurentian Bank Releases its 2023 ESG Report
Over the past year, the Bank has delivered on a number of notable accomplishments as part of its ESG strategy:
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Environment
As part of the Bank's commitment to climate action, it reduced its Scope 1 & 2 GHG emissions by 30%. This marks significant progress against its target of a 35% reduction by 2030, from a 2022 base year.
As part of the Bank's commitment to understanding and reporting on the GHG impact of its lending activities, in this year's report the Bank has calculated and is disclosing an estimate of its residential mortgages financed emissions using thePartnership for Carbon Accounting Financials (PCAF) methodology. This is in addition to its estimated Corporate Real Estate Scope 3 financed emissions, which it is disclosing for the second consecutive year. -
Employee Experience
Laurentian Bank continues its focus on enhancing the employee experience by building up and fostering equity, diversity, and inclusion within its workplace, and investing in new and enhanced initiatives, including the launch of its fourthEmployee Resource Group , supporting Newcomers toCanada and their allies.
The Bank was proud to sign the Women in Capital Markets' Parental Leave Pledge, allowing fathers, same-sex partners, and parents adopting a child under one year of age to benefit from a top-up of their salary paid by the Bank during their leave. -
Community and Economic Impact
As part of the Bank's commitment to supporting the long-term and sustainable growth of its Commercial customers, the Bank continues to partner with Quebec Net Positive as part of its "SMEs in Transition" initiative, assisting small and medium-sized enterprises (SMEs) in the manufacturing sector and the supporting business ecosystem in accelerating their transition to a low-carbon and net-positive economy.
Through its "Giving Beyond Numbers" corporate philanthropy program the Bank awarded almost$800,000 through charitable donations and employee giving to community-based, national, and international non-profit organizations and charities.
"We are proud to present
The 2023 ESG Report is now available on
At
Founded in
We drive results by placing our customers first, making the better choice, acting courageously, and believing everyone belongs.
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