Seeing Beyond Numbers
Why Invest? | Our commitment to ESG
Environment
Sustainable Products
and Cleaner
Technologies
GHG Emissions and
Environmental Impacts
Equity, Diversity, and
Inclusion
Social
Employer of Choice
Governance
Customer Satisfaction
and Financial Inclusion
Community Investment
and Employee
Volunteering
ESG Governance
Board Composition
and Executive
Compensation
Environment and
Social Risk
Management
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LBS participated in the financing of over $6.3 billion
in green and sustainable bonds
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Core Priorities
Disclosed estimated Scope 1 and 2 Greenhouse
Gas (GHG) emissions
Set measurable ED&I targets in leaders' scorecards
Launched an employee engagement survey for the
first time in 9 years
Digital and tele-banking services expanded to serve
customers remotely
Donated to almost 70 local organizations chosen by
employees through grassroots giving campaign,
"Laurentian Bank in the Community"
Revised the mandates of the Board of Directors and
Board Committees to include oversight of ESG
Leader in Board Diversity exceeding the 30%
threshold, with equal gender representation among
independent Board members for the past 3 years
Conducted a climate risk assessment on
commercial loan and residential mortgage portfolios
Continued to drive performance on core topics of
Ethics & Integrity, Cyber Security, and Data
Protection
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Launched Equity-linked Action GIC product
with ESG focus and 2 new ESG-related
Mackenzie Funds
Continued to consider environmental factors in
our locations, operations, and partnerships
BlackNorth Initiative CEO Pledge: rolled out
unconscious bias training, community giving, and
hiring a minimum of 5% of student workforce from
Black community
Surveyed all employees on work preferences.
Announced hybrid and work from home
first approach for Future of Work strategy
Completed the implementation of the Seniors
Code principles and published our first report
from the Senior's Champion
Donated 138 pieces of art from our collection
valued at nearly $200,000- to museums,
hospitals, galleries and foundations
Established a new CEO-led governance structure
for ESG and climate topics at the Bank
60% of the independent directors have been
appointed over the last 5 years
Disclosed first full report on Task Force for
Climate-Related Financial Disclosures (TCFD)
Updated Employee Code of Ethics,
Board Governance Policy, and Conflict of Interest
Policies
Planted 500 trees in support of Tree Canada's
reforestation efforts through its National
Greening Program
■ Launched Courageous Conversations
Initiative and 3 new Employee Resource
Groups
Improved employee benefits, including an
enhanced Employee and Family Assistance
Program and access to 24/7 telemedicine
Enhanced Net Promoter Score engagement
survey to gain insights from our customers in
many of our business lines
ESG targets added to all leaders' scorecards
linking ESG strategy and initiatives directly to
their performance
Launched LBC Policies webpage to improve
transparency on ESG-related policies
Seeing Beyond Numbers
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