MONTREAL, April 22, 2020 /CNW Telbec/ - To mark Earth
Day, National Bank is pleased to announce a partnership with
Équiterre, one of Quebec's top
environmental organizations. Mr. Louis
Vachon, President and Chief Executive Officer of National
Bank, will serve as Honorary Chair of the 2020-2021 major
fundraising initiative.
This initiative brings together various economic, political and
societal stakeholders to support Équiterre in developing concrete
solutions that promote the energy transition and help people make
environmentally responsible choices every day.
"This partnership with Équiterre is aligned with National Bank's
initiatives to promote sustainable development and support the
energy transition," said Mr. Vachon. "It will be an honour to help
mobilize other partner companies."
Carbon neutrality
National Bank has also signed an agreement with two
organizations to purchase emission allowances and carbon credits,
enabling it to offset greenhouse gas (GHG) emissions related to its
2019 operations and take an additional step towards achieving its
carbon neutrality objectives.
First, the Bank purchased emission allowances through Coop
Carbone on the Quebec
cap-and-trade system (or "carbon exchange"). This system aims to
facilitate net GHG reductions for all participants while promoting
the implementation of clean technologies.
The Bank has also purchased carbon credits from the Nature
Conservancy of Canada (NCC) as
part of the Darkwoods Forest Carbon Project, one of the largest
carbon projects in North America.
Located in British Columbia, the
Darkwoods Conservation Area is a 63,000-hectare property that was
acquired by NCC in 2008 to preserve its ecologically important
features, including the fact that it is a significant source of
fresh water. This purchase of carbon credits is aligned with the
Bank's commitment to protect biodiversity and natural habitats.
These agreements build on our partnership with Parcours
Développement durable Montréal, announced last month.
Related link
- National Bank enters into a partnership with Parcours
Développement durable Montréal
About National Bank of Canada
With $289 billion in
assets as at January 31, 2020,
National Bank of Canada, together
with its subsidiaries, forms one of Canada's leading integrated financial groups.
It has more than 26,000 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.
SOURCE National Bank of Canada