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National Bank of CanadaCanada

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Last update: 2024-08-09 12:47:34
National Bank of Canada's head office in Montreal. Photo: Jeangagnon via Wikimedia Commons (CC BY-SA 4.0)

Active

This profile is actively maintained
Last update: 2024-08-09 12:47:34
Bank info
BankTrack campaigns
All
About
Website http://www.nbc.ca
Headquarters
600 de la Gauchetière St.
H3B 4L2 Montreal
Canada
CEO/chair Laurent Ferreira
President & CEO
Supervisor
Bank of Canada
Ownership
listed on Toronto Stock Exchange

National Bank of Canada's complete shareholder structure can be accessed here.

National Bank of Canada is a commercial bank, founded in 1979 and headquartered in Montreal, Canada. The bank provides financial services to individuals, businesses, institutional clients, and governments in Canada and internationally. It operates through four segments: Personal and Commercial, Wealth Management, Financial Markets, and U.S. Specialty Finance and International.

Sustainability
Commitments
Policies
Voluntary standards

National Bank of Canada's most important sustainability commitments can be found at the website sections listed below.

Links

Codes and commitments

Commitments and impact

Corporate Social Responsibility Statement

Bank policy
2024-02-27 00:00:00 | National Bank of Canada

Human Rights Statement

Bank policy
2023-07-27 00:00:00 | National Bank of Canada

Leadership’s Commitment on Indigenous Relations

Bank policy
2023-02-28 00:00:00 | National Bank of Canada

Environmental Policy

Bank policy
2021-05-06 00:00:00 | National Bank of Canada

Commitment to protect the Arctic and position on coal

Bank policy
2021-04-22 00:00:00 | National Bank of Canada
National Bank of Canada has committed itself to the following voluntary standards:
Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions
Net-Zero Banking Alliance (NZBA)Tags: climate change | corporate social responsibility | energy | energy plants
Partnership for Carbon Accounting Financials (PCAF)Tags: carbon | corporate social responsibility
Principles for Responsible Banking (PRB)Tags: climate change | corporate social responsibility | finance | sustainable development | United Nations | Voluntary Standards
Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations
Sustainability Accounting Standards BoardTags: corporate social responsibility | sustainable development
Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance
Dodgy Deals

National Bank Of Canada is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of National Bank Of Canada's link to these deals.

Projects / Companies
Finance type
Year
News
Resources
Documents
Accountability
Grievances

National Bank of Canada does not operate a complaints or grievances mechanism for individuals or communities that might have been affected by the bank's finance.

This page evaluates National Bank of Canada's responses to instances of alleged human rights violations linked to its finance, raised by civil society organisations. It is not intended to be exhaustive, but covers selected impacts raised by BankTrack and other civil society partners since 2016. For the full scoring methodology, see here. For more information about BankTrack's evaluation of bank responses to human rights impacts, see the 2021 report "Actions speak louder: assessing bank responses to human rights violations".

Impacts reviewed
Responded?
Total score
Response
Action
Monitoring

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Banks and Climate

Banks and Climate

Partner organisation Reclaim Finance tracks the coal, oil and gas policies of financial institutions, including banks, in their Coal Policy Tool (CPT) and the Oil and Gas Policy Tracker (OGPT). BankTrack works closely with Reclaim Finance and endorses their policy assessments. Find further details on their assessment of National Bank of Canada’s fossil fuel policy below.

Assessment of National Bank of Canada's coal policy in the Coal Policy Tool

Assessment of National Bank of Canada's policies in the Oil & Gas Policy Tracker
Tracking the NZBA

Tracking the Net Zero Banking Alliance

National Bank of Canada is a member of the Net Zero Banking Alliance (NZBA) and has therefore committed to reduce its financed emissions to net zero by 2050; within 18 months of joining the alliance set interim targets for 2030 (or sooner) for high emission priority sectors, and within 36 months set further sector targets; set new intermediary targets every 5 years from 2030 onwards; annually publish data on emissions and progress against a transition strategy including climate-related sectoral policies; and take a robust approach to the role of offsets in transition plans. BankTrack track's implementation of these commitments in the NZBA compliance tracker.

Tracking NZBA banks commitments