The four key pillars of our climate strategy
Supporting our clients’ transition
We’re committed to helping our clients move toward a low carbon future.
Encouraging consumer behaviour
We believe that informed choices can make a big difference.
Refining our operations
We’re taking action to reduce our own environmental impact within our operational footprint.
Sharing our progress
We’re committed to transparency in how we measure and report progress against our targets.
Climate actionⓘ
Transition framework
We launched the Transition Planning Assessment and Engagement Framework to better understand and assist our clients in our oil and gas and power generation portfolios as they advance in their transition journeys.
Reducing our operational footprint
We’re committed to maintaining our achievement of a 30% reduction in absolute Scope 1 and 2 greenhouse gas emissions across Canadian and U.S. operations by 2028, using a 2018 baseline, while continuing efforts to further reduce emissions. In 2025, we reached a 34.3% reduction in location-based emissions, exceeding our target for the second year.
2030 financed emissions reduction targets
We’ve set 2030 financed emissions reduction targets for three sector-specific lending portfolios, including oil and gas, power generation, and automotive manufacturing. Our approach to setting and monitoring climate-related targets has been grounded in internationally recognized scenarios and government ambitions, as outlined in Our Net-Zero Approach (PDF, 4 MB) Opens a new window.