EDMONTON, AB, March 13,
2024 /CNW/ - Canadian Western Bank (CWB) today
released its 2023 Sustainability Report, which provides insight
into our performance related to priority environmental, social and
governance (ESG) factors that support the ongoing success of our
clients, long-term value creation for all our stakeholders and
sustainable growth for our business. Our Sustainability Report
includes our Public Accountability Statement and can be found on
our website at: www.cwb.com/sustainability-reports.
"Our 2023 Sustainability Report showcases our continued progress
on our ESG priorities, which are focused to deliver sustainable
value for all our stakeholders and the responsible growth of our
business," said Chris Fowler, CWB's
President and CEO. "Our values, culture and strategy are the
guiding force that sets our talented teams up for success as we
navigate the continuously evolving landscape that impacts our
business, and the businesses of our clients. I am proud of the
dedication that our team members have demonstrated in a challenging
environment. Through their efforts we have built a strong,
resilient full-service bank and are well positioned to seize
opportunities to drive sustainable change and long-term value
creation."
As a further step to manage our direct and indirect climate
impact, CWB commits to reduce absolute Scope 1 and Scope 2 GHG
emissions 42% by 2030 from a 2022 base year. This target is
informed by the Science Based Targets Initiative 1.5oC
pathway.
We support the need for clear and transparent ESG disclosures
based on frameworks that allow for comparability across and within
industries, and continued our phased adoption of the Task Force on
Climate-related Financial Disclosures (TCFD) recommendations and
the Sustainability Accounting Standards Board (SASB) standards in
our 2023 Sustainability Report. Moving forward, we will continue to
advance our disclosures in alignment with relevant reporting
frameworks as our approach to sustainability matures.
SOURCE CWB Financial Group