Canadian Western Bank Sustainability Profile
Canadian Western Bank (CWB) is a prominent financial institution headquartered in Edmonton, Alberta, with a strong presence across Western Canada. Founded in 1984, CWB has established itself as a leader in the banking industry, focusing on commercial banking, personal banking, and wealth management services. CWB is renowned for its tailored financial solutions, including business loans, mortgages, and investment services, which cater specifically to the needs of its clients. The bank's commitment to exceptional customer service and community involvement sets it apart in a competitive market. With a solid market position, Canadian Western Bank has achieved significant milestones, including consistent growth in assets and a reputation for financial stability. As a trusted partner for businesses and individuals alike, CWB continues to play a vital role in the economic landscape of Canada.
DitchCarbon Score
How does Canadian Western Bank's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Canadian Western Bank's score of 39 is higher than 62% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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As of the latest reporting, Canadian Western Bank does not have specific carbon emissions data available, indicating a lack of disclosed figures for their Scope 1, 2, and 3 emissions. The bank is a merged entity and inherits its emissions performance data from its parent company, National Bank of Canada, at a cascade level of 1. Currently, Canadian Western Bank has not set any documented reduction targets or commitments under the Science Based Targets initiative (SBTi) or other climate pledges. This absence of specific targets suggests that the bank may still be in the early stages of formalising its climate strategy. In the context of the financial services industry, it is increasingly important for institutions like Canadian Western Bank to establish clear climate commitments and reduction initiatives to align with global sustainability goals. As the bank continues to develop its environmental strategy, stakeholders will be looking for future disclosures on emissions and climate action plans.
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| 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|
| Scope 1 | 2,832,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
| Scope 2 | 11,860,000 | 00,000,000 | 0,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 6,156,000 | 0,000,000 | 0,000,000 | 0,000,000 | 0,000,000 |
How Carbon Intensive is Canadian Western Bank's Industry?
How Carbon Intensive is Canadian Western Bank's Location?
Canadian Western Bank's Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
Canadian Western Bank has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
