Scope 1 target 2050

Scope 2 target 2050

Scope 3 target 2050

Scope 1 interim targets 70% reduction by 2025 (2018 baseline)

Scope 2 interim targets 70% reduction by 2025 (2018 baseline)

Scope 3 interim targets Category 6: 70% reduction by 2030 (2018 baseline);
Category 15: Oil and gas – 35% reduction of gCO2e/MJ (from 2019 baseline of 7.6 to 4.9) for Scope 1 and 2; 11–29% reduction of gCO2e/MJ (from 2019 baseline of 68.6 to 61.1–50.2) excluding midstream and services
Power generation – 54% reduction of Scope 1 gCO2e/kWh (from 2019 baseline of 340 to 156)
Automotive – combined Scope 1, 2, 3 tank-to-wheel 47% reduction gCO2e/km (from 2019 baseline of 192 to 102)

Other targets None found

Examples to date Efficiency: Implement smart building technologies, upgrade to more efficient heating, ventilation, and air conditioning systems, conduct LED retrofits
Energy source decarbonization: Renewable energy procurement
Investments: $5B in lending to renewable energy projects, green bonds, $29.5B in green financing, $140M in venture capital climate investments

Most recently reported Scope 1 emissions (MT CO₂e) 22,840

Most recently reported Scope 2 emissions (MT CO₂e) 65,577

Most recently reported Scope 3 emissions (MT CO₂e) 11,920

Has the company published a climate transition plan? 2023 Climate Report

Short term actions identified (<2030) Investments: Facilitate $500 billion in sustainable finance by 2025, provide $100 million through RBC Tech for Nature by 2025, triple lending to renewables and grow overall low-carbon energy lending to $35 billion by 2030, allocate $1 billion to support the development and scaling of innovative climate solutions by 2030

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? PWC LLP limited assurance

Does the company use multiple scenarios? None found

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target 2050

Scope 1 interim targets 25% reduction by 2025 (2019 baseline)

Scope 2 interim targets 25% reduction by 2025 (2019 baseline)

Scope 3 interim targets Category 1: 25% reduction by 2025 (2019 baseline);
Category 2: 25% reduction by 2025 (2019 baseline);
Category 3: 25% reduction by 2025 (2019 baseline);
Category 6: 25% reduction by 2025 (2019 baseline);
Category 9: 25% reduction by 2025 (2019 baseline);
Category 15: Energy sector – 29% reduction in Scope 1, 2 and 3 gCO2e/$ (from 2,078 gCO2e/$ in 2019 to 1,475 gCO2e/$ by 2030),
Power generation – 59% reduction in Scope 1 kgCO2e/MWh by 2030 (from 376 kgCO2e/MWh in 2019 to 156 kgCO2e/MWh in 2030)
Automotive manufacturing – 50% reduction in Scope 1, 2 and 3 tank-to-wheel gCO2/vkm by 2030 (from 195 gCO2/vkm in 2019 to 97 gCO2/vkm by 2030);
Aviation – 8% reduction in Scope 1 of airlines & Scope 3 of aircraft lessors gCO2/pkm by 2030 (87 gCO2/pkm in 2019 to 80 gCO2/phm by 2030)

Other targets None found

Examples to date Efficiency: Remote monitoring of energy consumption, LED retrofits
End-use fuel switching: Conversions of gas to hybrid heat pumps
Energy source decarbonization: On-site solar installations
Investments: Lending to renewable energy projects, $152B in green bonds, green financing, venture capital climate investments

Most recently reported Scope 1 emissions (MT CO₂e) 43,707

Most recently reported Scope 2 emissions (MT CO₂e) 79,615

Most recently reported Scope 3 emissions (MT CO₂e) 9,366,247

Has the company published a climate transition plan? Climate Action Plan

Short term actions identified (<2030) Investments: $500 billion sustainable & decarbonization finance target by 2030

Long term actions identified (>2030)

Actions identified without a specific timeline Efficiency: Incorporate green building design standards into new and existing locations, pilot hybrid heat pumps where the utility emissions grid is more favourable when converting from gas to electricity, expand smart retail controls program
Energy source decarbonization: Continue to integrate solar energy across North American sites
Investments: Engage with clients on identifying and executing decarbonization opportunities, offer special pricing on insurance products

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? EY LLP limited assurance

Does the company use multiple scenarios? Physical Risk: Above 2C, RCP 8.5 OSFI: Below 2C (immediate), Below 2C (delayed), Net Zero 2050 (1.5C)

Scope 1 target N/A

Scope 2 target N/A

Scope 3 target N/A

Scope 1 interim targets None found

Scope 2 interim targets None found

Scope 3 interim targets None found

Other targets None found

Examples to date Energy source decarbonization: Renewable energy procurement
Investments: $2.5M investments to green premium for clean fuels
Negative emissions: Facilitated $55.7M in transactions of signed contracts for carbon removals

Most recently reported Scope 1 emissions (MT CO₂e) 2,841

Most recently reported Scope 2 emissions (MT CO₂e) 2,236

Most recently reported Scope 3 emissions (MT CO₂e) 25,245

Has the company published a climate transition plan? None found

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? None found

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Not verified

Does the company use multiple scenarios? None found

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target No

Scope 1 interim targets 35% reduction in tCO2e/PJ by 2030

Scope 2 interim targets 35% reduction tCO2e/PJ by 2030

Scope 3 interim targets None found

Other targets None found

Examples to date Efficiency: Demand-side management initiatives, compressor unit replacements with more efficient natural gas-fired units
End-use fuel switching: Introduced first renewable natural gas (RNG) powered bus in the city of Hamilton
Energy source decarbonization: $9.9B investments in wind farms, solar energy farms, waste heat recovery operations, geothermal, power transmission, landfill-to-RNG, food waste-to-RNG, hydrogen blending, and RNG facilities

Most recently reported Scope 1 emissions (MT CO₂e) 7,715,000

Most recently reported Scope 2 emissions (MT CO₂e) 6,693,000

Most recently reported Scope 3 emissions (MT CO₂e) 55,913,900

Has the company published a climate transition plan? 2023 Sustainability Report

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline Efficiency: Increase efficiency and reduce the operational emissions of existing infrastructure
Energy source decarbonization: Procure lower-carbon power, self-power assets with renewable energy, invest in renewables and lower-carbon infrastructure
Negative emissions: Balance residual emissions through investments of carbon offset credits

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? PWC LLP limited assurance

Does the company use multiple scenarios? IEA: STEPS (2.4C); APS (1.7C); NZE (1.4C)

Scope 1 target Yes

Scope 2 target Yes

Scope 3 target Yes

Scope 1 interim targets 43% reduction in tCO2e/million GTM by 2030 (2019 baseline)

Scope 2 interim targets 43% reduction in tCO2e/million GTM by 2030 (2019 baseline)

Scope 3 interim targets Category 3: 40% reduction in tCO2/million GTM by 2030 (2019 baseline)

Other targets None found

Examples to date Efficiency: Acquired fuel-efficient high-horsepower locomotives; replaced boilers, air compressors, and heating, ventilation, and air conditioning (HVAC) to more efficient systems; retrofitted LED lighting; improved fuel efficiency of marine shipping; and used software for route and speed optimization
End-use fuel switching: Purchased electric vehicles for ground fleet

Most recently reported Scope 1 emissions (MT CO₂e) 5,113,920

Most recently reported Scope 2 emissions (MT CO₂e) 149,402

Most recently reported Scope 3 emissions (MT CO₂e) 2,252,438

Has the company published a climate transition plan? CN Climate Action Plan

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline Efficiency: Implement more locomotive energy management systems and locomotive data telemetry systems, invest in IT to enable deeper analysis on emissions reduction opportunities, implement precision scheduled railroading and digital scheduled railroading to ship more freight efficiently, implement energy management systems
End-use fuel switching: Upgrade and replace existing fleet with more efficient units, short term year-on-year rolling target of 2% sustainable renewable fuel consumption
Energy source decarbonization: Explore distributed power

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? KPMG LLP limited assurance

Does the company use multiple scenarios? IEA: SDS; NDCs; STEPS RCP: 2.6, 4.5

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target 2050

Scope 1 interim targets 27.5% reduction of non-locomotive operations by 2030 (2019 baseline); 38.5% reduction of locomotive operations gCO2e/RTM by 2030 (2019 baseline)

Scope 2 interim targets 27.5% reduction of non-locomotive operations by 2030 (2019 baseline); 38.5% reduction of locomotive operations gCO2e/RTM by 2030 (2019 baseline)

Scope 3 interim targets Category 3: 38.4% reduction of grams per revenue ton-mile by 2030 (2019 baseline)

Other targets None found

Examples to date Efficiency: Improved efficiency of existing locomotives, rolling stock, components, and tracks; use of software for route and speed optimization
End-use fuel switching: Conversion of diesel-electric locomotives into zero-emissions hydrogen locomotives
Energy source decarbonization: Installation of a solar energy farm

Most recently reported Scope 1 emissions (MT CO₂e) 2,952,000

Most recently reported Scope 2 emissions (MT CO₂e) 39,000

Most recently reported Scope 3 emissions (MT CO₂e) 1,695,000

Has the company published a climate transition plan? CP Rail Climate Strategy

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline Demand management: Induce behavioural changes
Efficiency: Improve existing locomotives, rolling stock, components and tracks; lengthen trains and use more distributed power; use software for route and speed optimization and automation
End-use fuel switching: Explore alternative fuels such as biodiesel and renewable diesel, explore alternative propulsion for locomotives; and explore network modification and EVs
Energy source decarbonization: Explore renewable energy sources such as on-site solar power, green power purchasing, emissions credit generation

Does/will the company rely on offsets? No

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Ruby Canyon Environmental limited assurance; GHD assurance

Does the company use multiple scenarios? In-house scenarios: BAU (5-6C); Modest change aligned with IEA SPS (3-3.5C); Well below 2C

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target 2050

Scope 1 interim targets 35% reduction by 2030 (2019 baseline)

Scope 2 interim targets 35% reduction by 2030 (2019 baseline)

Scope 3 interim targets Category 6: 35% reduction by 2030 (2019 baseline);
Category 15: Oil and gas – 33% reduction in Scope 1 and 2 tCO2/TJ by 2030, 24% reduction in Scope 3 by 2030 (2019 baseline);
Power and utilities – 70% reduction in Scope 1 tCO2e/MWh by 2030 (2019 baseline) (target of 0.06 tCO2e/MWh by 2030);
Personal automobiles: Share of new loans for ZEV LDV and passenger trucks in Canada to be 100% by 2035

Other targets None found

Examples to date Efficiency: Implemented measures such as optimizing central chilled water systems and smart lighting controls; waste diversion
Investments: $116B investments in clean transportation, low-carbon energy, green buildings, waste management, and sustainable agriculture; and $350M in investments in renewable energy and storage, CCUS,T12 reforestation, sustainable materials, and supply chain efficiency

Most recently reported Scope 1 emissions (MT CO₂e) 34,083

Most recently reported Scope 2 emissions (MT CO₂e) 54,788

Most recently reported Scope 3 emissions (MT CO₂e) 8,806,264

Has the company published a climate transition plan? BMO's Climate Ambition

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline Investments: Engage to enable clients' net-zero transitions

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? KPMG LLP limited assurance

Does the company use multiple scenarios? NGFS: Phase 3 REMIND under Current Policies, Delayed Transition Net zero 2050 RCP (CMIP5): 2.6; 4.5; 6.0; 8.5 SSP1-RCP2.6; SSP2-RCP4.5; SSP5-RCP8.5 Internally defined scenario based on BoE 2021 Climate Biennial Exploratory Scenario: Late Action 2021 BoC-OSFI Pilot Scenario: Below 2C Delayed

Scope 1 target None found

Scope 2 target None found

Scope 3 target None found

Scope 1 interim targets 40% reduction by 2035 (2020 baseline)

Scope 2 interim targets 40% reduction by 2035 (2020 baseline)

Scope 3 interim targets None found

Other targets 40% reduction in absolute methane emissions in CNRL's North America E&P operations by 2030 (2016 baseline) (12.27% reduction by 2030, this represents the 50% reduction in methane emissions by 2030 of their actual target, adjusted to their total Scope 1 emissions)

Examples to date No report found for this period

Most recently reported Scope 1 emissions (MT CO₂e) 23,150,000

Most recently reported Scope 2 emissions (MT CO₂e) 3,260,000

Most recently reported Scope 3 emissions (MT CO₂e) 132,000,000

Has the company published a climate transition plan? None found

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? None found

Is executive compensation linked to climate-related metrics? None found

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Does the company use multiple scenarios? None found

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target 2050

Scope 1 interim targets 40% reduction by 2030 (2016 baseline)

Scope 2 interim targets 40% reduction by 2030 (2016 baseline)

Scope 3 interim targets Category 15: Oil and gas – 30% reduction in tCO2e/TJ for Scope 1 and 2 by 2030 (2019 baseline), 15–25% reduction in Scope 3 tCO2e/TJ by 2030 (2019 baseline);
Power and utilities – 55–60% reduction in Scope 1 and 2 tCO2e/MWh by 2030 (2019 baseline);
Automotive manufacturing – 36% reduction in Scope 1, 2 and 3 downstream gCO2e/km by 2030 (2019 baseline)

Other targets Climate-related finance: $350B by 2030

Examples to date Efficiency: Renovated banking branches to meet Green Globes certification; conducted LED retrofits; installation of higher efficiency heating, ventilation, and air conditioning equipment
End-use fuel switching: Installed 46 EV charging stations
Energy source decarbonization: Installed solar panels at certain facilities
Investments: Issued $1.5B in sustainability bonds since 2018

Most recently reported Scope 1 emissions (MT CO₂e) 28,797

Most recently reported Scope 2 emissions (MT CO₂e) 69,982

Most recently reported Scope 3 emissions (MT CO₂e) 2,810,507

Has the company published a climate transition plan? Roadmap to Our Climate Goals

Short term actions identified (<2030) Investments: Support renewable energy and transition financing, release additional climate-related products, explore opportunities to partner with government and intergovernmental organizations to provide blended finance Demand management: Encourage emissions reductions at work and in the home Other: Increase internal price of carbon

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? KPMG LLP limited assurance

Does the company use multiple scenarios? Network of Central Banks and Supervisors for Greening the Financial System: NDCs, Current Policies, Delayed Transition (2C), Net Zero 2050 (1.5C)

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target None found

Scope 1 interim targets 50% reduction by 2030 (2018 baseline)

Scope 2 interim targets 50% reduction by 2030 (2018 baseline)

Scope 3 interim targets Category 3: 25% reduction by 2030 (2019 baseline);
Category 6: 25% reduction by 2030 (2019 baseline);
Category 7: 25% reduction by 2030 (2019 baseline)

Other targets 65% of suppliers by spend to have science-based targets by 2025

Examples to date Energy source decarbonization: Renewable energy procurement

Most recently reported Scope 1 emissions (MT CO₂e) 4,200

Most recently reported Scope 2 emissions (MT CO₂e) 49,000

Most recently reported Scope 3 emissions (MT CO₂e) 7,700

Has the company published a climate transition plan? None found

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? N/A

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Does the company use multiple scenarios? Yes, however no specific scenarios disclosed

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target 2050

Scope 1 interim targets 50% reduction by 2030 (2020 baseline)

Scope 2 interim targets 50% reduction by 2030 (2020 baseline)

Scope 3 interim targets Category 6: 50% reduction by 2030 (2020 baseline);
Category 15: 50% reduction by 2030 (2020 baseline)

Other targets 50% reduction of AUM by 2030 (2020 baseline)

Examples to date Efficiency: Installed LED lighting fixtures across 433 facilities
End-use fuel switching: Facilitated heat pump and tankless water heating for residential buildings in North America
Energy source decarbonization: Commissioned 8,000 MW of clean energy capacity since 2021, installed solar panels in 51 properties
Investments: $85B in clean energy, $45B in sustainable solutions and key infrastructure, $134B in green-certified buildings, and $25B in demand-side decarbonization investments

Most recently reported Scope 1 emissions (MT CO₂e) 454

Most recently reported Scope 2 emissions (MT CO₂e) 2,184

Most recently reported Scope 3 emissions (MT CO₂e) 11,803,885

Has the company published a climate transition plan? Net-zero Roadmap

Short term actions identified (<2030) Energy source decarbonization: Develop an additional 21,000 MW of new clean energy capacity by 2030 Investments: Establish Paris-aligned targets for 100% of carbon-intensive investments Energy source decarbonization: Work with operating businesses to reduce operational GHG emissions (purchasing renewable energy credits, adjusting lighting hours at substations, using vacuum-sealed breakers, replacing diesel dredgers, introducing anti-freezing in concentrated solar plants)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? None found

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Does the company use multiple scenarios? NGFS: Current Policies (3C+); NGFS Delayed Transition (1.6C); NGFS Net Zero (1.4C); SSP1-2.6; SSP5-8.5

Scope 1 target N/A

Scope 2 target N/A

Scope 3 target N/A

Scope 1 interim targets 50% reduction by 2025 (includes the use of carbon credits)

Scope 2 interim targets 50% reduction by 2025 (includes the use of carbon credits)

Scope 3 interim targets None found

Other targets Carbon-neutral Scope 1 and 2 by 2030; Invest $1 billion in renewable projects by 2030

Examples to date Efficiency: Upgraded 12,000 heating, ventilation, and air conditioning motors in North America
End-use fuel switching: Added 262 EV chargers in North America, installed solar panels, provided hydrotreated vegetable oil fuels to customers

Most recently reported Scope 1 emissions (MT CO₂e) 121,557

Most recently reported Scope 2 emissions (MT CO₂e) 643,930

Most recently reported Scope 3 emissions (MT CO₂e)

Has the company published a climate transition plan? None found

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Does the company use multiple scenarios? Road to Paris (SSP1-1.9 + IEA NZE); Path to Progression (SSP2-4.5 + IEA APS); Forged in Fire (SSP5-8.5; IEA STEPS)

Scope 1 target N/A

Scope 2 target N/A

Scope 3 target N/A

Scope 1 interim targets None found

Scope 2 interim targets None found

Scope 3 interim targets None found

Other targets None found

Examples to date No report found for this period

Most recently reported Scope 1 emissions (MT CO₂e)

Most recently reported Scope 2 emissions (MT CO₂e)

Most recently reported Scope 3 emissions (MT CO₂e)

Has the company published a climate transition plan? None found

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? No

Is executive compensation linked to climate-related metrics? None found

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Does the company use multiple scenarios? None Found

Scope 1 target N/A

Scope 2 target N/A

Scope 3 target N/A

Scope 1 interim targets 58% reduction by 2030 (2020 baseline)

Scope 2 interim targets 58% reduction by 2030 (2020 baseline)

Scope 3 interim targets All categories except category 3: 42% reduction by 2030 (2020 baseline)

Other targets 64% of suppliers by spend covering purchased goods and services (Scope 3, category 1) covered by science-based targets by 2026

Examples to date Efficiency: Replaced 1,079 older vehicles with more fuel-efficient models, optimized facility and equipment heating and cooling, conducted LED retrofits, modernized network equipment, maintained LEED and BOMA BEST certification for 41+ buildings, installed 88 halocarbon-free cooling systems
End-use fuel switching: 332 EV and hybrid vehicles in service
Energy source decarbonization: Renewable energy procurement, solar projects on mobility towers, solar and DC power system upgrades

Most recently reported Scope 1 emissions (MT CO₂e) 134,288

Most recently reported Scope 2 emissions (MT CO₂e) 122,037

Most recently reported Scope 3 emissions (MT CO₂e) 1,859,908

Has the company published a climate transition plan? BCE Climate Action Report

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline Efficiency: Reduce electricity usage by optimizing facility and equipment heating and cooling, implement LED lighting conversions, modernize network equipment, and consolidate, optimize, and virtualize servers; reduce real estate footprint; maintain LEED and BOMA BEST certification
End-use fuel switching: Reduce fuel consumption through fleet modernization and electrification

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? PWC LLP limited assurance

Does the company use multiple scenarios? RCP: RCP4.5/SSP2; 8.5/SSP5 IEA: SPS; SDS BoC NDC; Consistent

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target None found

Scope 1 interim targets 30% reduction in tCO2e/throughput Bcf by 2030

Scope 2 interim targets 30% reduction in tCO2e/throughput Bcf by 2030

Scope 3 interim targets None found

Other targets None found

Examples to date Energy source decarbonization: Implemented methane reduction programs including leak detection and repair (LDAR) programs, mobile incineration of vented emissions following pipeline pull-down, compressor dry gas seal reinject systems, and enclosed vapour combustors; installation of solar and storage projects, exploring co-development of hydrogen hubs in Canada and the U.S.
Negative emissions: In final stage of development with the Minnkota Power Cooperative in the U.S. for Project Tundra on carbon capture

Most recently reported Scope 1 emissions (MT CO₂e) 18,172,000

Most recently reported Scope 2 emissions (MT CO₂e) 194,900

Most recently reported Scope 3 emissions (MT CO₂e) 2,689,000

Has the company published a climate transition plan? GHG Emissions Reduction Plan

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline Efficiency: Develop and deploy software and systems to digitize operations and monitor emissions
Energy source decarbonization: Reduce fugitive methane emissions, leaks, venting and flaring associated with regular operations and maintenance; improve overall operational efficiency; seek low-carbon energy sources to support operations
Investments: Invest in low-carbon energy and infrastructure
Negative emissions: Evaluate and leverage carbon offsets and assess opportunities to develop nature-based solutions

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? KPMG LLP limited assurance

Does the company use multiple scenarios? Yes, below 2C scenario but no details included.

Scope 1 target None found

Scope 2 target None found

Scope 3 target None found

Scope 1 interim targets None found (Competition Act)

Scope 2 interim targets None found (Competition Act)

Scope 3 interim targets None found (Competition Act)

Other targets None found

Examples to date No report found for this period

Most recently reported Scope 1 emissions (MT CO₂e) 27,340,000

Most recently reported Scope 2 emissions (MT CO₂e) 1,470,000

Most recently reported Scope 3 emissions (MT CO₂e) 226,000,000

Has the company published a climate transition plan? None found

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? None found

Is executive compensation linked to climate-related metrics? None found

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Does the company use multiple scenarios? None found

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target 2050

Scope 1 interim targets 30% reduction by 2018 (2018 baseline)

Scope 2 interim targets 30% reduction by 2018 (2018 baseline)

Scope 3 interim targets Category 15: Oil and gas – 35% reduction of Scope 1 and 2 gCO2e/MJ by 2030 (2020 baseline), 27% reduction of downstream Scope 3 gCO2/MJ by 2030 (2020 baseline),
Power generation – 32% reduction of Scope 1 kgCO2/KWh by 2030 (2020 baseline),
Automotive manufacturing – 27% reduction of Scope 1, 2 and 3 tank-to-wheel gCO2/km by 2030 (2021 baseline)

Other targets None found

Examples to date No report found for this period

Most recently reported Scope 1 emissions (MT CO₂e) 22,157

Most recently reported Scope 2 emissions (MT CO₂e) 27,608

Most recently reported Scope 3 emissions (MT CO₂e) 89,566,766

Has the company published a climate transition plan? Accelerating Climate Action: Our Net-Zero Approach

Short term actions identified (<2030) Investments: Mobilize $300B in sustainable financing by 2030

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Morrison Hershfield limited assurance

Does the company use multiple scenarios? OSFI's 2024 Standardized Climate Scenario Exercise: Below 2C Delayed; Below 2C Immediate; Net-Zero 2050

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target 2050

Scope 1 interim targets 40% reduction by 2035 (2019 baseline)

Scope 2 interim targets 40% reduction by 2035 (2019 baseline)

Scope 3 interim targets Category 15: Power generation project finance – 72% reduction in kgCO2e/KWh by 2035 (2019 baseline) or in line with a 2035 IEA target of 0.14 kgCOe/kWh

Other targets 80% of real estate emissions covered by a decarbonization plan by 2025 (100% by 2030)

Examples to date Efficiency: 90% of real estate investment portfolio certified to green building certification, LED retrofits, Energy Star electronics and appliances, central lighting timers
End-use fuel switching: Piloted a hydrogen-powered truck to transport logs from forest to port
Energy source decarbonization: Installed rooftop solar
Negative emissions: Explored incorporating biochar into soil of fruit orchards
Other: 100% of timberland third-party certified as sustainably managed
Investments: $45.7B in green investments

Most recently reported Scope 1 emissions (MT CO₂e) 121,418

Most recently reported Scope 2 emissions (MT CO₂e) 118,710

Most recently reported Scope 3 emissions (MT CO₂e) 902,387

Has the company published a climate transition plan? Climate Action Implementation Plan

Short term actions identified (<2030) Efficiency: Optimize control and HVAC, implement lighting upgrades, optimize machinery usage, implement precision silviculture and regenerative rice-growing methods, and optimize transportation decisions End-use fuel switching: Convert to air source heat pumps for heating, use low-GHG generator fuel, switch to biofuel/hydrogen machinery and electric staff vehicles, and convert irrigation pumps to electric Energy source decarbonization: Install solar PV (on rooftop, parking lots, and unproductive agricultural land), procure offsite renewables

Long term actions identified (>2030)

Actions identified without a specific timeline Investments: Tilt investments towards lower emissions intensity, green or transition factors; proactively and constructively provide feedback and support portfolio companies to encourage transition; sell or avoid specific portfolio companies based on criteria such as target achievements, emissions performance, and sector exposure; directly and/or indirectly lobby and advocate for policies that are supporting of net zero
Negative emissions: Own carbon offsets or net negative carbon assets and invest in projects

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Apex Companies LLC limited assurance

Does the company use multiple scenarios? Unclear which scenarios, but does mention 1.5C, 2C, 3C, 4C scenarios

Scope 1 target None found

Scope 2 target None found

Scope 3 target None found

Scope 1 interim targets 30% reduction by 2033 (2019 baseline)

Scope 2 interim targets 30% reduction by 2033 (2019 baseline)

Scope 3 interim targets None found

Other targets None found

Examples to date End-use fuel switching: Hybrid electric truck testing, 10% of alternative fueled vehicles in fleet
Energy source decarbonization: $200 million investment for new RNG production facilities, 27 landfills installed with reuse facilities, either through electric generation or RNG
Negative emissions: Sequestration of carbon permanently in landfills

Most recently reported Scope 1 emissions (MT CO₂e) 5,600,178

Most recently reported Scope 2 emissions (MT CO₂e) 50,694

Most recently reported Scope 3 emissions (MT CO₂e) 1,052,595

Has the company published a climate transition plan? None found

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Yes, did not disclose party

Does the company use multiple scenarios? IEA: STEPS; IEA SDS

Scope 1 target None found

Scope 2 target None found

Scope 3 target None found

Scope 1 interim targets None found (Competition Act)

Scope 2 interim targets None found (Competition Act)

Scope 3 interim targets None found (Competition Act)

Other targets 80% reduction in methane emissions in upstream operations by 2028 (2019 baseline)

Examples to date No report found for this period

Most recently reported Scope 1 emissions (MT CO₂e) 16,300,000

Most recently reported Scope 2 emissions (MT CO₂e) 1,800,000

Most recently reported Scope 3 emissions (MT CO₂e) 234,400,000

Has the company published a climate transition plan? None found

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? None found

Is executive compensation linked to climate-related metrics? None found

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Does the company use multiple scenarios? None found

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target None found

Scope 1 interim targets 15% reduction by 2025 (2018 baseline); 30% reduction by 2030 (2018 baseline)

Scope 2 interim targets 15% reduction by 2025 (2018 baseline); 30% reduction by 2030 (2018 baseline)

Scope 3 interim targets None found

Other targets None found

Examples to date Efficiency: LED retrofits at project locations
End-use fuel switching: Introduced EVs and electric trucks
Energy source decarbonization: $700M+ investments in solar, wind, hydro, battery energy storage, transmissions, and power plant natural gas conversion, and in renewable energy procurement

Most recently reported Scope 1 emissions (MT CO₂e) 5,981,000

Most recently reported Scope 2 emissions (MT CO₂e) 1,419,000

Most recently reported Scope 3 emissions (MT CO₂e) 7,512,400

Has the company published a climate transition plan? Roadmap to Net Zero by 2050

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline Efficiency: Make additional LED replacements, investigate use of trolley assist, investigate use of more efficient overland conveyers
End-use fuel switching: Further conversion of light vehicles to EVs, investigate underground EV fleet conversion
Energy source decarbonization: Convert to natural gas; further explore solar and BESS projects, green national grid in USA, Canada, Côte d'Ivoire, Tanzania, and Zambia; investigate geothermal projects; implement further onsite power generation

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Apex Companies LLC reasonable assurance

Does the company use multiple scenarios? Our scenarios based on IEA: Speedy Net Zero (SSP1-2.6); Slow and Steady (SSP2-4.5); Fossil-Fueled World (SSP5-8.5)

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target 2050

Scope 1 interim targets 50% reduction by 2030 (2021 baseline)

Scope 2 interim targets 50% reduction by 2030 (2021 baseline)

Scope 3 interim targets Category 4: 50% reduction by 2030 (2021 baseline);
Category 5: 50% reduction by 2030 (2021 baseline);
Category 6: 50% reduction by 2030 (2021 baseline);
Category 8: 50% reduction by 2030 (2021 baseline);
Category 15: Listed corporate bonds – 40% reduction in tCO2e/$M invested by 2030 (2021 baseline),
Directly managed listed equities – 50% reduction in carbon intensity by 2030 (2021 baseline),
Commercial real estate – 50% carbon intensity by 2030

Other targets None found

Examples to date Efficiency: LED retrofits, waste diversion strategies, Energy Star certified equipment, motion sensors for lighting
Investments: 93% of North American real estate investment portfolio based on net rentable area covered with at least one green building certification; $3.3 billion investments in 2023 for renewable energy, energy efficiency, sustainable buildings, water management, and clean transportation; NZ$40 million in private investments in New Zealand for rooftop solar and batteries; $25 million invested in a 600 MW offshore wind farm in Taiwan

Most recently reported Scope 1 emissions (MT CO₂e) 15,046

Most recently reported Scope 2 emissions (MT CO₂e) 20,164

Most recently reported Scope 3 emissions (MT CO₂e) 28,817

Has the company published a climate transition plan? Net Zero by 2050: Sun Life's Climate Journey

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline Efficiency: Reduce operational emissions in offices and data centres
Investments: Improve financed emissions data and emissions reduction strategies, work with asset management clients to decarbonize their investment portfolios
Other: Advocate for more government action on climate-related disclosures

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? KPMG LLP limited assurance

Does the company use multiple scenarios? Moody's Climate On Demand: SSP2 RCP 8.5 S&P Trucost Paris Alignment Tool: 1.5C; 2C NGFS: 'Sudden wake-up call' scenario; Delayed transition scenario

Scope 1 target None found

Scope 2 target None found

Scope 3 target None found

Scope 1 interim targets 30% reduction in tCO2/m3 upstream production by 2030 (2016 baseline)

Scope 2 interim targets 30% reduction in tCO2/m3 upstream production by 2030 (2016 baseline)

Scope 3 interim targets None found

Other targets None found

Examples to date No report found for this period

Most recently reported Scope 1 emissions (MT CO₂e) 21,400,000

Most recently reported Scope 2 emissions (MT CO₂e) 1,180,000

Most recently reported Scope 3 emissions (MT CO₂e)

Has the company published a climate transition plan? None found

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? None found

Is executive compensation linked to climate-related metrics? None found

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Does the company use multiple scenarios? None found

Scope 1 target None found

Scope 2 target None found

Scope 3 target None found

Scope 1 interim targets 30% reduction in tCO2/tonne product by 2030 (2018 baseline)

Scope 2 interim targets 30% reduction in tCO2/tonne product by 2030 (2018 baseline)

Scope 3 interim targets None found

Other targets None found

Examples to date Efficiency: Implemented software optimization, installed vehicle telematics on vehicles
Energy source decarbonization: Methane reduction projects at Redwater location, N2O abatement equipment in other facilities, cogeneration at select facilities
Negative emissions: Redwater nitrogen facility has been capturing and exporting CO2 into the Alberta Carbon Trunk Line since 2019

Most recently reported Scope 1 emissions (MT CO₂e) 10,270,000

Most recently reported Scope 2 emissions (MT CO₂e) 2,490,000

Most recently reported Scope 3 emissions (MT CO₂e)

Has the company published a climate transition plan? Our Actions to Reduce GHG Emissions

Short term actions identified (<2030) End-use fuel switching: Incrementally invest and expand light-duty EV fleet Energy source decarbonization: Deploy self-generated wind and/or solar energy at four potash facilities by 2025 (withdrawn), construct a cogeneration facility at the Rocanville Potash mine, consider production in low-carbon and clean ammonia Other: Enable growers to adopt sustainable and productive agricultural products and practices on 75 million acres globally by 2030

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? KPMG LLP limited assurance

Does the company use multiple scenarios? IEA: APS; SDS; NZE2050 RCP: 2.6; 8.5; 4.5

Scope 1 target 2040

Scope 2 target 2040

Scope 3 target 2050

Scope 1 interim targets 50% reduction by 2030 (2020 baseline)

Scope 2 interim targets 50% reduction by 2030 (2020 baseline)

Scope 3 interim targets Category 6: 50% reduction by 2030 (2020 baseline)

Other targets Scope 3, category 1: 70% of suppliers by spend have science-based targets

Examples to date Efficiency: Conducted LED retrofits, implemented smart controls on lighting systems, converted legacy stores to lower-impact refrigerants
End-use fuel switching: Electric transport trucks fleet conversion
Energy source decarbonization: Food waste diversion, new grocery stores built with natural refrigerant-based refrigeration systems, renewable energy procurement in its Alberta locations

Most recently reported Scope 1 emissions (MT CO₂e) 752,306

Most recently reported Scope 2 emissions (MT CO₂e) 407,217

Most recently reported Scope 3 emissions (MT CO₂e) 90,871

Has the company published a climate transition plan? Loblaw Net Zero Plan

Short term actions identified (<2030) End-use fuel switching: Net zero emissions fleet by 2030 Other: 70% of Tier 1 suppliers by spend will have set targets reflecting the guidance of the SBTI by 2027

Long term actions identified (>2030)

Actions identified without a specific timeline Efficiency: Achieve food waste reduction commitments and launch circularity programs; reduce emissions through energy management, refrigeration, and transportation
Energy source decarbonization: Focus on incorporating regenerative agriculture
Other: Expand opportunities for sustainable sourcing, engage with suppliers on reducing emissions, invest in initiatives that reduce footprints of customers

Does/will the company rely on offsets? No

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? KPMG LLP limited assurance

Does the company use multiple scenarios? Use of RCP and SSP in scenarios, but unclear which

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target 2050

Scope 1 interim targets 42% reduction by 2030 (2023 baseline)

Scope 2 interim targets 42% reduction by 2030 (2023 baseline)

Scope 3 interim targets Category 1: 30% reduction by 2030 (2023 baseline);
Category 5: 30% reduction by 2030 (2023 baseline);
Category 6: 30% reduction by 2030 (2023 baseline);
Category 7: 30% reduction by 2030 (2023 baseline)

Other targets None found

Examples to date Efficiency: Installed light sensors to reduce lighting electricity consumption

Most recently reported Scope 1 emissions (MT CO₂e) 0

Most recently reported Scope 2 emissions (MT CO₂e) 58

Most recently reported Scope 3 emissions (MT CO₂e) 558,750

Has the company published a climate transition plan? None found

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? KPMG LLP limited assurance

Does the company use multiple scenarios? SSP1-2.6; SSP5-8.5 2C scenario incorporates data and assumptions from IEA SDS

Scope 1 target N/A

Scope 2 target N/A

Scope 3 target N/A

Scope 1 interim targets 46% reduction by 2030 (2019 baseline)

Scope 2 interim targets 46% reduction by 2030 (2019 baseline)

Scope 3 interim targets Category 1: 75% reduction of tCO2e/$ million revenue (2019 baseline);
Category 2: 75% reduction of tCO2e/$ million revenue (2019 baseline);
Category 6: 46% reduction by 2030 (2019 baseline);
Category 7: 46% reduction by 2030 (2019 baseline);
Category 11: 75% reduction of tCO2e/$ million revenue (2019 baseline)

Other targets None found

Examples to date Efficiency: Deployed additional green building technologies and optimized space heating
Energy source decarbonization: Renewable energy procurement
Negative emissions: Planted 1 millionth tree in April 2023

Most recently reported Scope 1 emissions (MT CO₂e) 50,689

Most recently reported Scope 2 emissions (MT CO₂e) 175,268

Most recently reported Scope 3 emissions (MT CO₂e) 5,375

Has the company published a climate transition plan? None found

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? No

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Deloitte LLP limited assurance

Does the company use multiple scenarios? None found

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target 2050

Scope 1 interim targets 50% reduction by 2030 (2019 baseline)

Scope 2 interim targets 50% reduction by 2030 (2019 baseline)

Scope 3 interim targets Category 5: 50% reduction by 2030 (2019 baseline);
Category 6: 50% reduction by 2030 (2019 baseline)

Other targets None found

Examples to date Efficiency: Reduced emissions from corporate travel
End-use fuel switching: 26% of global fleet now hybrid, plug-in or full-battery electric
Energy source decarbonization: Renewable energy procurement
Investments: Provided insurance to a wide range of low-GHG energy projects, apply climate considerations in investments

Most recently reported Scope 1 emissions (MT CO₂e) 17,380

Most recently reported Scope 2 emissions (MT CO₂e) 8,845

Most recently reported Scope 3 emissions (MT CO₂e) 707,851

Has the company published a climate transition plan? None found

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? No

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Does the company use multiple scenarios? IPCC: RCP8.5

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target None found

Scope 1 interim targets 30% reduction by 2030 (2021 baseline)

Scope 2 interim targets 30% reduction by 2030 (2021 baseline)

Scope 3 interim targets None found

Other targets None found

Examples to date Efficiency: Improved heat recovery and ventilation-on-demand systems, optimized water system, improved compressed air management, implemented software to identify efficiency improvements, implemented waste reduction programs
End-use fuel switching: EV fleet conversion, implemented automatic hauling systems
Energy source decarbonization: Renewable energy procurement

Most recently reported Scope 1 emissions (MT CO₂e) 1,111,124

Most recently reported Scope 2 emissions (MT CO₂e) 289,642

Most recently reported Scope 3 emissions (MT CO₂e) 2,299,491

Has the company published a climate transition plan? Climate Action Report

Short term actions identified (<2030) Efficiency: Reducing energy use; deploying technologies including VOD to optimize airflow; predict and reduce energy consumption; conduct LED retrofits; evaluate mechanical cutting, advanced fragmentation, and in-pit crushing and conveying End-use fuel switching: Using BEVs in underground and open-pit operations, provide power and increase energy efficiency during uphill hauling, conduct trial on the use of renewable diesel, use electrically powered systems to move materials underground, use battery electric light vehicles for employees and operations Energy source decarbonization: Renewable energy procurement, assessing potential for on- or near-site renewable energy generation

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Does the company use multiple scenarios? Scenarios incorporate data from IPCC and the International Institute for Applied Systems Analysis: Delayed transition; Net Zero 2050; Rocky Road; Full Throttle IPCC: RCP 8.5

Scope 1 target 2030

Scope 2 target 2030

Scope 3 target 2030

Scope 1 interim targets None found

Scope 2 interim targets None found

Scope 3 interim targets None found

Other targets None found

Examples to date Demand management: Encouraged economy flights, introduced a carbon budget for business travel
Efficiency: Various measures implemented for office space, waste recovery, refurbishment, and energy recovery programs
End-use fuel switching: Fleet conversion to plug-in hybrids, installation of EV charging outlets
Energy source decarbonization: Renewable energy procurement

Most recently reported Scope 1 emissions (MT CO₂e) 16,680

Most recently reported Scope 2 emissions (MT CO₂e) 29,507

Most recently reported Scope 3 emissions (MT CO₂e) 13,855

Has the company published a climate transition plan? Our Climate Strategy

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline Demand management: Reduce emissions of air travel and commuting
Efficiency: Use efficient cooling to reduce data centre water consumption, reduce energy consumption
End-use fuel switching: Reduce car fleet and transition to EVs

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? None found

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Does the company use multiple scenarios? IPCC: 1.5C SSP1; 1.5C SSP2 Bespoke 1.5C transition scenario

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target 2050

Scope 1 interim targets 25% reduction by 2025 (2019 baseline)

Scope 2 interim targets 25% reduction by 2025 (2019 baseline)

Scope 3 interim targets Category 1: 25% reduction by 2025 (2019 baseline);
Category 6: 25% reduction by 2025 (2019 baseline);
Category 15: Oil and gas – 31% reduction in Scope 1 and 2 tCO2e/TJ by 2030 (2019 baseline),
31% reduction in Scope 3 end-use combustion tCO2e/TJ by 2030 (2019 baseline),
Commercial real estate – 50% reduction in Scope 1 and 2 tCo2e/1,000ft2 by 2030 (2019 baseline),
Power generation – 33% reduction in Scope 1 tCO2e/MWh by 2030 (2019 baseline)

Other targets None found

Examples to date Efficiency: Implemented energy efficiency improvements and remote energy management across Canada
End-use fuel switching: Installed charging stations across sites and head office, gradually retiring HVAC equipment that uses natural gas and replacing with fully electric systems
Investments: $11B in capital made available for renewable energy projects in North America since 2019, $3.3B in sustainable bonds in circulation

Most recently reported Scope 1 emissions (MT CO₂e) 2,032

Most recently reported Scope 2 emissions (MT CO₂e) 4,212

Most recently reported Scope 3 emissions (MT CO₂e) 2,752

Has the company published a climate transition plan? National Bank of Canada Climate Report

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline Investments: Deploy sustainable finance products and services, support the development of the renewable sector

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Does the company use multiple scenarios? GCAM 6.0 Model NGFS - Phase 4: Delayed intervention (below 2C); Immediate intervention (below 2C); Net-zero 2050

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target 2050

Scope 1 interim targets 50% reduction by 2030 (2019 baseline)

Scope 2 interim targets 50% reduction by 2030 (2019 baseline)

Scope 3 interim targets Category 1: 50% reduction in tCO2e/t food by 2030 (2019 baseline)
Category 14: 50% reduction in tCO2e/franchise by 2030 (2019 baseline)

Other targets 72% of corporate Tim Hortons truck fleet electrified by 2030; 100% Burger King corporate car fleet electrified by 2030; 100% renewable electricity procurement for corporate-owned and directly controlled facilities globally by 2030; 50% renewable electricity procurement by franchisee restaurants by 2030

Examples to date Demand management: Reduced food waste by allowing app users to purchase surplus foods at the end of the day
End-use fuel switching: Electrification of trucking fleet
Energy source decarbonization: Renewable energy procurement, rooftop solar installation, use of feed additives to reduce cattle methane, implementing herd efficiency management practices and regenerative agriculture
Negative emissions: Conversion of cropland to diverse grassland

Most recently reported Scope 1 emissions (MT CO₂e) 46,084

Most recently reported Scope 2 emissions (MT CO₂e) 17,020

Most recently reported Scope 3 emissions (MT CO₂e)

Has the company published a climate transition plan? Climate Action

Short term actions identified (<2030) End-use fuel switching: Transition 72% of corporate Tim Hortons truck fleet to electric models Energy source decarbonization: Procure 100% of electricity from renewable sources

Long term actions identified (>2030)

Actions identified without a specific timeline End-use fuel switching: Electrify corporate car and truck fleet
Energy source decarbonization: Transition to renewable energy

Does/will the company rely on offsets? No

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Does the company use multiple scenarios? None found

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target None found

Scope 1 interim targets 50% reduction by 2030 (2019 baseline)

Scope 2 interim targets 50% reduction by 2030 (2019 baseline)

Scope 3 interim targets None found

Other targets None found

Examples to date Efficiency: Implemented LED retrofits, cooling optimization, building upgrades, real estate consolidation, automation, decommissioning equipment, software, waste diversion
End-use fuel switching: Fleet conversion to lower-emissions vehicles
Energy source decarbonization: Renewable energy procurement, switching from diesel to lower-carbon fuels such as natural gas

Most recently reported Scope 1 emissions (MT CO₂e) 29,160

Most recently reported Scope 2 emissions (MT CO₂e) 102,162

Most recently reported Scope 3 emissions (MT CO₂e) 31,534

Has the company published a climate transition plan? None found

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? No

Is executive compensation linked to climate-related metrics? None found

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? KPMG LLP limited assurance

Does the company use multiple scenarios? None found

Scope 1 target 2050

Scope 2 target 2025

Scope 3 target 2050

Scope 1 interim targets 33% reduction in ktCO2e/t of production by 2030 (2020 baseline)

Scope 2 interim targets Net zero by 2025

Scope 3 interim targets None found

Other targets Displace the equivalent of 1,000 ICE vehicles by 2025; 40% reduction in shipping emission intensity

Examples to date End-use fuel switching: EV fleet conversion; started deploying zero-emissions large haul trucks; procurement of electric buses; announced agreements to reduce emissions from upstream and downstream transportation, including hydrogen freight; added Flettner rotors to vessels; signed emissions reduction freight contracts
Energy source decarbonization: Rebalancing portfolio to focus more on copper and less on coal
Negative emissions: Launched CCUS pilot at Trail operations, completed first nature-based solutions offset project in 2023

Most recently reported Scope 1 emissions (MT CO₂e) 2,822,000

Most recently reported Scope 2 emissions (MT CO₂e) 219,000

Most recently reported Scope 3 emissions (MT CO₂e) 65,000,000

Has the company published a climate transition plan? Teck’s Roadmap to Net-Zero

Short term actions identified (<2030) End-use fuel switching: Pilot and adopt ZEVs, deploy 30 zero-emissions large haul trucks by 2030 starting in 2027, pilot electric transport trucks, evaluate trolley assist and renewable fuels to reduce diesel consumption Energy source decarbonization: Source 100% renewable energy at certain facilities, evaluate the elimination of fossil-fuel power dryers in steelmaking operations, assess fugitive methane emissions, begin transition to zero-emissions coal drying Negative emissions: Explore potential use of CCUS, pilot CCUS at Trail operations

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? PWC LLP limited assurance

Does the company use multiple scenarios? IPCC CMIP6: SSP2-4.5 IEA STEPS; IEA SDS; IEA NZE

Scope 1 target 2050

Scope 2 target None found

Scope 3 target None found

Scope 1 interim targets 50% reduction by 2030 (2019 baseline); 75% reduction by 2035 (2019 baseline)

Scope 2 interim targets None found

Scope 3 interim targets None found

Other targets None found

Examples to date Efficiency: Invested in energy efficiency customer programs
Energy source decarbonization: Invested in grid modernization, renewable energy capacity, purchase of renewable natural gas, methane reduction projects

Most recently reported Scope 1 emissions (MT CO₂e) 9,742,000

Most recently reported Scope 2 emissions (MT CO₂e) 158,000

Most recently reported Scope 3 emissions (MT CO₂e) 98,086,000

Has the company published a climate transition plan? Our Planned Trajectory to Net-zero

Short term actions identified (<2030) Efficiency: Invest $690 million to help customers save 3.8 million gigajoules of gas and 115 GWh of electricity by 2027 for FortisBC, invest almost $700 million over the next four years in demand-side management End-use fuel switching: 10% fleet electrification by 2025 and 50% by 2030 for Central Hudson Energy source decarbonization: Integrate approximately 7,000 MW of renewable energy on ITC's system within next five years

Long term actions identified (>2030) End-use fuel switching: 100% light-duty EV fleet by 2032 for Maritime Electric Energy source decarbonization: Invest $2 billion for energy storage, renewables, and other investments that are associated with exiting coal by 2032; plan to add over 2,200 MW of wind and solar generation by 2032

Actions identified without a specific timeline

Does/will the company rely on offsets? No

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? EY LLP limited assurance

Does the company use multiple scenarios? Low emissions scenario (1.5C): IPCC SSP1-RCP 2.6; Canadian Energy Regulator's 2023 Canada Energy Future global net zero scenario; ESMIA's 2022 net zero by 2050 scenario; Princeton's Net Zero America study I E+ RE+ high electrification and 100% renewable scenario; IEA's 2023 WEO net zero emissions by 2050 scenario; Latin America Energy Organization's 2022 Energy Outlook for Latin America and the Caribbean PRO Net-0 H2 scenario; International Renewable Energy Agency's 2022 Renewable Energy Roadmap for Central America decarbonizing energy scenario High emissions scenario (2C): IPCC SSP5-RCP8.5; Canadian Energy Regulator's 2023 Canada Energy Future current measures scenario; ESMIA's 2022 reference scenario, Princeton NZA Study I reference case; OLADE's 2022 Energy Outlook for Latin America and the Caribbean BAU scenario; IRENA 2022 Renewable Energy Roadmap for Central America base energy scenario

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target 2040

Scope 1 interim targets 50% reduction by 2030 (2018 baseline)

Scope 2 interim targets 50% reduction by 2030 (2018 baseline)

Scope 3 interim targets None found

Other targets Scope 3, category 15: 100% of streams that contribute over 4% of total financed emissions covered by 1.5C-aligned targets by 2040

Examples to date Efficiency: Implemented more efficient thermal insulation, reduced electricity consumption, acheived LEED accreditation for office buildings
Energy source decarbonization: Investments for mining operations to be connected to hydroelectric sources of electricity, installation of solar panels

Most recently reported Scope 1 emissions (MT CO₂e) 0

Most recently reported Scope 2 emissions (MT CO₂e) 32

Most recently reported Scope 3 emissions (MT CO₂e) 248,311

Has the company published a climate transition plan? None found

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Deloitte LLP limited assurance

Does the company use multiple scenarios? BAU scenario: IEA CPS; IPCC SSP-8.5; IPCC RCP-8.5 Net zero 2050 scenario: IEA NZE2050; IPCC SSP1-1.9; IPCC RCP1.9

Scope 1 target N/A

Scope 2 target N/A

Scope 3 target N/A

Scope 1 interim targets 45% reduction in kgCO2e/ft2 by 2030 (2019 baseline)

Scope 2 interim targets 45% reduction in kgCO2e/ft2 by 2030 (2019 baseline)

Scope 3 interim targets None found

Other targets None found

Examples to date Efficiency: Conducted LED retrofits, implemented more efficient energy management systems
End-use fuel switching: Hybrid fleet conversion of company-owned vehicles

Most recently reported Scope 1 emissions (MT CO₂e) 24,764

Most recently reported Scope 2 emissions (MT CO₂e) 24,700

Most recently reported Scope 3 emissions (MT CO₂e)

Has the company published a climate transition plan? None found

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? No

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Limited assurance (undisclosed party)

Does the company use multiple scenarios? None found

Scope 1 target N/A

Scope 2 target N/A

Scope 3 target N/A

Scope 1 interim targets 30% reduction in tCO2e/BOE by 2030 (2019 baseline)

Scope 2 interim targets 14% reduction by 2030 (2019 baseline)

Scope 3 interim targets None found

Other targets None found

Examples to date Energy source decarbonization: Implemented various methane reduction projects, including methane reducing equipment, heat piping optimization, vent and flare reduction, engine upgrades, leak repairs, and redundant equipment shut-ins; full-year cogeneration operations
Negative emissions: Investments in the Alberta Carbon Grid

Most recently reported Scope 1 emissions (MT CO₂e) 2,603,091

Most recently reported Scope 2 emissions (MT CO₂e) 1,528,015

Most recently reported Scope 3 emissions (MT CO₂e) 1,231,772

Has the company published a climate transition plan? None found

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? KPMG LLP limited assurance

Does the company use multiple scenarios? IEA: STEPS; APS

Scope 1 target N/A

Scope 2 target N/A

Scope 3 target N/A

Scope 1 interim targets N/A (parent company)

Scope 2 interim targets N/A (parent company)

Scope 3 interim targets N/A (parent company)

Other targets None found

Examples to date N/A

Most recently reported Scope 1 emissions (MT CO₂e) 9,648

Most recently reported Scope 2 emissions (MT CO₂e) 18,540

Most recently reported Scope 3 emissions (MT CO₂e) 74,897

Has the company published a climate transition plan? N/A

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? N/A

Is executive compensation linked to climate-related metrics? N/A

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? N/A

Does the company use multiple scenarios? N/A

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target 2050

Scope 1 interim targets 50% reduction by 2030 (2020 baseline)

Scope 2 interim targets 50% reduction by 2030 (2020 baseline)

Scope 3 interim targets Category 6: 50% reduction by 2030 (2020 baseline);
Category 15: 50% reduction by 2030 (2020 baseline)

Other targets 50% reduction of assets under management by 2030 (2020 baseline)

Examples to date Efficiency: Installed LED lighting fixtures across 433 facilities
End-use fuel switching: Facilitated heat pump and tankless water heating for residential buildings in North America
Energy source decarbonization: Commissioned 8,000 MW of clean energy capacity since 2021, installed solar panels in 51 properties
Investments: $85B in clean energy, $45B in sustainable solutions and key infrastructure, $134B in green-certified buildings, and $25B in demand-side decarbonization investments

Most recently reported Scope 1 emissions (MT CO₂e)

Most recently reported Scope 2 emissions (MT CO₂e)

Most recently reported Scope 3 emissions (MT CO₂e) 0

Has the company published a climate transition plan? See Brookfield Corporation

Short term actions identified (<2030) See Brookfield Corporation

Long term actions identified (>2030) See Brookfield Corporation

Actions identified without a specific timeline See Brookfield Corporation

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? None found

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Does the company use multiple scenarios? NGFS: Current Policies (3C+); NGFS Delayed Transition (1.6C); NGFS Net Zero (1.4C) RCP: SSP1-2.6; SSP5-8.5

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target None found

Scope 1 interim targets 30% reduction by 2030 (2018 baseline)

Scope 2 interim targets 30% reduction by 2030 (2018 baseline)

Scope 3 interim targets None found

Other targets None found

Examples to date Efficiency: Reduced equipment leakages, improved repair timelines, implemented gas handling procedures, piloted equipment with lower SF6 volumes, implemented software for energy consumption
End-use fuel switching: EV fleet conversion
Energy source decarbonization: Facilitated grid connection for remote communities to reduce diesel electricity generation

Most recently reported Scope 1 emissions (MT CO₂e) 169,199

Most recently reported Scope 2 emissions (MT CO₂e) 175,229

Most recently reported Scope 3 emissions (MT CO₂e) 0

Has the company published a climate transition plan? None found

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? No

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? GHD limited assurance

Does the company use multiple scenarios? Conducted, but no details disclosed

Scope 1 target 2040

Scope 2 target 2040

Scope 3 target 2040

Scope 1 interim targets 60% reduction by 2030 (2018 baseline); 90% reduction by 2040 (2018 baseline)

Scope 2 interim targets 60% reduction by 2030 (2018 baseline); 90% reduction by 2040 (2018 baseline)

Scope 3 interim targets Category 1: 30% reduction by 2030 (2018 baseline);
Category 2: 30% reduction by 2030 (2018 baseline);
Category 3: 30% reduction by 2030 (2018 baseline);
Category 5: 30% reduction by 2030 (2018 baseline);
Category 6: 30% reduction by 2030 (2018 baseline);
Category 7: 30% reduction by 2030 (2018 baseline)

Other targets None found

Examples to date Demand management: Launched programs to provide financial incentives for employees who use active or public transportation to commute
Efficiency: Certified 17% of WSP's rentable space footage under at least one sustainability certification system, implemented building retrofits and LED retrofits
End-use fuel switching: Replaced older vehicles with more efficient models

Most recently reported Scope 1 emissions (MT CO₂e) 41,699

Most recently reported Scope 2 emissions (MT CO₂e) 32,785

Most recently reported Scope 3 emissions (MT CO₂e) 449,395

Has the company published a climate transition plan? Climate Transition Plan

Short term actions identified (<2030) Demand management: Reduce travel budgets, set carbon levies on air and business mileage travelled, set upper limits on rental vehicle emissions, locate offices near mass and active transportation, opt for amenities supporting active transportation Efficiency: Consolidate office space, maximize energy efficiency at fit-out (LED lighting, lighting controls, HVAC schedules, IT equipment specifications), implement energy efficiency measures in existing offices with long leases, implement green leasing, transition to cloud-based IT services End-use fuel switching: Offer buildings with EV charging

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Apex Companies LLC limited assurance

Does the company use multiple scenarios? NGFS: Net Zero; Current Policies; Delayed Transition IPCC: RCP 8.5; RCP 4.5

Scope 1 target N/A Parent company

Scope 2 target N/A Parent company

Scope 3 target N/A Parent company

Scope 1 interim targets N/A (parent company)

Scope 2 interim targets N/A (parent company)

Scope 3 interim targets N/A (parent company)

Other targets None found

Examples to date N/A

Most recently reported Scope 1 emissions (MT CO₂e)

Most recently reported Scope 2 emissions (MT CO₂e)

Most recently reported Scope 3 emissions (MT CO₂e) 0

Has the company published a climate transition plan? N/A

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? N/A

Is executive compensation linked to climate-related metrics? N/A

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? N/A

Does the company use multiple scenarios? N/A

Scope 1 target N/A

Scope 2 target N/A

Scope 3 target N/A

Scope 1 interim targets 30% reduction by 2025 (2020 baseline); 50% reduction by 2030 (2020 baseline); 50% reduction in emissions intensity by 2030 (2020 baseline)

Scope 2 interim targets 30% reduction by 2025 (2020 baseline); 50% reduction by 2030 (2020 baseline); 50% reduction in emissions intensity by 2030 (2020 baseline)

Scope 3 interim targets None found

Other targets None found

Examples to date Efficiency: Implemented fuel-saving initiatives such as trolley assist, reducing tyre wear to lower diesel consumption
End-use fuel switching: Developed battery dump truck, use of hydro-powered smelters
Energy source decarbonization: Renewable energy procurement

Most recently reported Scope 1 emissions (MT CO₂e) 3,829,000

Most recently reported Scope 2 emissions (MT CO₂e) 518,000

Most recently reported Scope 3 emissions (MT CO₂e)

Has the company published a climate transition plan? 20232 Climate Change report

Short term actions identified (<2030) Energy source decarbonization: Between 2025 to 2030, source renewable electricity, transition coal units to renewable power and LNG, conduct feasibility studies on wind and solar projects, reduce reliance on power from diesel back-up generators Efficiency: Between 2025 and 2030, expand efficiency initiatives such as implementing more trolley assists, in-pit crushing and conveying, fuel optimization, blast optimization; evaluate and implement new technologies; reduce waste

Long term actions identified (>2030) Energy source decarbonization: Identify feasible sources of renewable power Other: Implement carbon pricing for evaluation of new projects

Actions identified without a specific timeline

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Does the company use multiple scenarios? Current scenario: IEA STEPS; IPCC RCP8.5 Moderate transition scenario: IEA APS; IPCC RCP4.5 (most closely aligned) Accelerated transition scenario: IEA NZE2050; IPCC RCP2.6

Scope 1 target N/A

Scope 2 target N/A

Scope 3 target N/A

Scope 1 interim targets 25% reduction in tCO2e/BOE by 2027 (2018 baseline)

Scope 2 interim targets None found

Scope 3 interim targets None found

Other targets 55% reduction in CH4/boe by 2027 (2020 baseline)

Examples to date End-use fuel switching: Installed natural gas and battery-hybrid drilling rigs
Energy source decarbonization: Implemented methane reduction projects through pneumatic device replacements, monitoring, inspection, in-line well testing, replacements with low-vent or electric devices, adding tied compressor seal vents to VRUs or flares, installing vapour recovery units, installing pressure vacuum relief vents, and installing instrument air systems to reduce methane; installed waste heat recovery units
Negative emissions: Tourmaline Clearwater project

Most recently reported Scope 1 emissions (MT CO₂e) 2,598,881

Most recently reported Scope 2 emissions (MT CO₂e) 86,122

Most recently reported Scope 3 emissions (MT CO₂e)

Has the company published a climate transition plan? None found

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? None found

Is executive compensation linked to climate-related metrics? None found

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? EY LLP limited assurance

Does the company use multiple scenarios? IEA: STEPS; APS; SDS

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target 2050

Scope 1 interim targets 42% reduction by 2030 (2021 baseline)

Scope 2 interim targets 42% reduction by 2030 (2021 baseline)

Scope 3 interim targets Category 1: 25%; reduction by 2030 (2021 baseline)
Category 11: 25% reduction by 2030 (2021 baseline)

Other targets None found

Examples to date Efficiency: Waste diversion, energy saving projects, LED retrofits, lighting controls in building management systems, equipment start-up/shut-down/idling procedures, use of ceiling fans to blend air temperatures evenly, computer-controlled utility and HVAC systems, integration of air economizers and heat recovery units, door and lock seal repairs, high efficiency chiller and compressor upgrades, recovery of waste heat for use in other areas, installation of insulation mattresses on equipment and heating units
Energy source decarbonization: Use of solar panels in certain facilities

Most recently reported Scope 1 emissions (MT CO₂e) 433,636

Most recently reported Scope 2 emissions (MT CO₂e) 1,168,803

Most recently reported Scope 3 emissions (MT CO₂e) 0

Has the company published a climate transition plan? Net-zero guiding principles for operational and value chain emissions

Short term actions identified (<2030) Energy source decarbonization: 100% renewable energy in operations Other: Material requirements for suppliers by 2026, support suppliers with renewables

Long term actions identified (>2030) Efficiency: HVAC decarbonization and operational decarbonization from 2030 onwards

Actions identified without a specific timeline

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Does the company use multiple scenarios? None found

Scope 1 target N/A

Scope 2 target N/A

Scope 3 target N/A

Scope 1 interim targets 30% reduction by 2030 (2015 baseline)

Scope 2 interim targets 30% reduction by 2030 (2015 baseline)

Scope 3 interim targets None found

Other targets None found

Examples to date Efficiency: Reduced external heating along sections of outdoor piping, upgrading lights, conducted LED retrofits, implemented energy monitoring and measurement systems, implemented vent-on-demand to reduce electricity and propane consumption, upgraded boiler system controls, and replaced two combustion air preheater systems

Most recently reported Scope 1 emissions (MT CO₂e) 102,250

Most recently reported Scope 2 emissions (MT CO₂e) 169,632

Most recently reported Scope 3 emissions (MT CO₂e)

Has the company published a climate transition plan? None found

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? PWC LLP limited assurance

Does the company use multiple scenarios? IEA: STEPS; APS; NZE 2050 IPCC: RCP4.5; RCP8.5; SSP5-8.5; SPP2-4.5

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target 2050

Scope 1 interim targets 50% reduction by 2030 (2020 baseline)

Scope 2 interim targets 50% reduction by 2030 (2020 baseline)

Scope 3 interim targets Category 6: 50% reduction by 2030 (2020 baseline);
Category 15: 50% reduction by 2030 (2020 baseline)

Other targets 50% reduction of assets under management by 2030 (2020 baseline)

Examples to date Efficiency: Installed LED lighting fixtures across 433 facilities
End-use fuel switching: Facilitated heat pump and tankless water heating for residential buildings in North America
Energy source decarbonization: Commissioned 8,000 MW of clean energy capacity since 2021, installed solar panels in 51 properties
Investments: $85B in clean energy, $45B in sustainable solutions and key infrastructure, $134B in green-certified buildings, and $25B in demand-side decarbonization investments

Most recently reported Scope 1 emissions (MT CO₂e) 429

Most recently reported Scope 2 emissions (MT CO₂e) 2,039

Most recently reported Scope 3 emissions (MT CO₂e) 2,646

Has the company published a climate transition plan? See Brookfield Corporation

Short term actions identified (<2030) See Brookfield Corporation

Long term actions identified (>2030) See Brookfield Corporation

Actions identified without a specific timeline See Brookfield Corporation

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? None found

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Does the company use multiple scenarios? NGFS: Current Policies (3C+); NGFS Delayed Transition (1.6C); NGFS Net Zero (1.4C) RCP: SSP1-2.6; SSP5-8.5

Scope 1 target N/A

Scope 2 target N/A

Scope 3 target N/A

Scope 1 interim targets 42% reduction by 2035 (2023 baseline)

Scope 2 interim targets 42% reduction by 2035 (2023 baseline)

Scope 3 interim targets Category 1: 25% reduction by 2030 (2023 baseline), FLAG GHG emissions: 30% reduction by 2030 (2023 baseline);
Category 9: 25% reduction by 2030 (2023 baseline)

Other targets None found

Examples to date Efficiency: LED retrofits, equipment maintenance, heat exchange optimization from refrigeration units, waste diversion
End-use fuel switching: Replacement of diesel-powered shunt trucks with electric shunt trucks, EV fleet conversion

Most recently reported Scope 1 emissions (MT CO₂e) 266,632

Most recently reported Scope 2 emissions (MT CO₂e) 14,785

Most recently reported Scope 3 emissions (MT CO₂e) 114,173

Has the company published a climate transition plan? Vision 2026 and 2023 Climate Change FAQ

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline Efficiency: Use natural refrigerant, reduce food waste in value chain, use ultra-low GWP gases in refrigerant systems for newly constructed stores and stores that undergo certain major renovations
Energy source decarbonization: Invest in renewable energies
End-use fuel switching: Electrify part of fleet and improve efficiency, install EV chargers for customers
Other: Engage with suppliers

Does/will the company rely on offsets? No

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Does the company use multiple scenarios? None found

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target 2050

Scope 1 interim targets 50% reduction by 2030 (2022 baseline)

Scope 2 interim targets 50% reduction by 2030 (2022 baseline)

Scope 3 interim targets Category 1: 50% reduction by 2030 (2022 baseline);
Category 3: 50% reduction by 2030 (2022 baseline);
Category 6: 50% reduction by 2030 (2022 baseline);
Category 7: 50% reduction by 2030 (2022 baseline);
Category 8: 50% reduction by 2030 (2022 baseline);
Category 11: 50% reduction by 2030 (2022 baseline);
Category 13: 50% reduction by 2030 (2022 baseline)

Other targets None found

Examples to date Demand management: Promote employee use of biking and public transit
Efficiency: Installed motion and occupancy sensors on leased spaces, conducted LED retrofits, implemented energy tracking in communal areas, use window blinds to reduce indoor building heat, purchased Energy Star equipment, shut down noncritical equipment and lighting after hours, set boilers to eco-mode, changed floor lighting settings, use energy-efficient servers, prioritize decommissioning end-of-life systems that consume more energy
End-use fuel switching: Transition car fleet to EVs in Europe

Most recently reported Scope 1 emissions (MT CO₂e) 2,616

Most recently reported Scope 2 emissions (MT CO₂e) 25,771

Most recently reported Scope 3 emissions (MT CO₂e) 20,581

Has the company published a climate transition plan? None found

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? No

Is executive compensation linked to climate-related metrics? None found

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Does the company use multiple scenarios? None found

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target 2050

Scope 1 interim targets 55% reduction by 2025 (2005 baseline); 80% reduction by 2040 (2005 baseline)

Scope 2 interim targets 55% reduction by 2025 (2005 baseline); 80% reduction by 2040 (2005 baseline)

Scope 3 interim targets None found

Other targets None found

Examples to date Efficiency: Offer programs to customers to support energy conservation and efficiency, including credits for customers who use high-efficiency equipment, time-of-day rate plans, renewable energy initiatives for small businesses
Energy source decarbonization: Decommissioning of steam coal plant, acquisition of RNG facilities, solar deployment, further investments in grid modernization and integration of renewables

Most recently reported Scope 1 emissions (MT CO₂e)

Most recently reported Scope 2 emissions (MT CO₂e)

Most recently reported Scope 3 emissions (MT CO₂e) 8,810,772

Has the company published a climate transition plan? 2023 Climate Transition Plan Update

Short term actions identified (<2030) Energy source decarbonization: Between 2023 and 2030, implement grid modernization, load management, reliability tie, grid stability and renewable integration resources; retire 625 MW of coal capacity; switch or convert 600MW of coal fuel; add 1000+ MW of additional solar capacity, 1000+ MW of additional wind capacity, and 585 MW of additional battery storage capacity

Long term actions identified (>2030) Energy source decarbonization: From 2030 onwards, explore new wind opportunities, explore new battery storage opportunities, explore customer distributed energy resources and demand side management. From 2035 onwards, explore new solar opportunities, explore potential opportunities for SMRs, CCS, and hydrogen. By 2040, retire last coal unit, explore carbon offsets for residual emissions

Actions identified without a specific timeline

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Does the company use multiple scenarios? IPCC: RCP 4.5; RCP 8.5

Scope 1 target N/A

Scope 2 target N/A

Scope 3 target N/A

Scope 1 interim targets 20% reduction in tCO2e/tonne of product by 2025 (2020 baseline)

Scope 2 interim targets 10% reduction in GJ/tonne of product by 2025 (2020 baseline)

Scope 3 interim targets None found

Other targets None found

Examples to date Efficiency: Completed heat recovery systems, installed steam accumulators, updated boiler controls, implemented waste diversion projects
Energy source decarbonization: Renewable energy procurement

Most recently reported Scope 1 emissions (MT CO₂e) 520,784

Most recently reported Scope 2 emissions (MT CO₂e) 396,889

Most recently reported Scope 3 emissions (MT CO₂e) 13,848,474

Has the company published a climate transition plan? None found

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? No

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? KPMG LLP limited assurance

Does the company use multiple scenarios? Low emissions scenario: IEA NZE 2050; IPCC SSP1-1.9 or SSP1-2.6 (formerly RCP 1.9 and RCP 2.6) Moderate emissions scenario: IEA 2021 STEPS; IPCC SSP2-4.5 (formerly RCP 4.5) High emissions scenario: IEA 2021 CPS; IPCC SSP5-8.5 (formerly RCP 8.5)

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target None found

Scope 1 interim targets 35% reduction in emissions intensity by 2028 (2022 baseline); 50% reduction by 2030 (2022 baseline)

Scope 2 interim targets 35% reduction in emissions intensity by 2028 (2022 baseline); 50% reduction by 2030 (2022 baseline)

Scope 3 interim targets None found

Other targets Engage 90% suppliers by spend to have SBTI targets by 2030; Engage 50% of customers by revenues to have SBTI targets by 2030

Examples to date Efficiency: Integrated energy-saving technologies into operations
Energy source decarbonization: Procurement of renewable energy

Most recently reported Scope 1 emissions (MT CO₂e) 148,142

Most recently reported Scope 2 emissions (MT CO₂e) 255,786

Most recently reported Scope 3 emissions (MT CO₂e) 1,035,117

Has the company published a climate transition plan? None found

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? No

Is executive compensation linked to climate-related metrics? None found

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Apex Companies LLC limited assurance

Does the company use multiple scenarios? None found

Scope 1 target N/A

Scope 2 target N/A

Scope 3 target N/A

Scope 1 interim targets 40% reduction by 2030 (2020 baseline)

Scope 2 interim targets 40% reduction by 2030 (2020 baseline)

Scope 3 interim targets Category 14: 40% reduction by 2030 (2020 baseline)

Other targets None found

Examples to date Efficiency: Landfill waste diversion
End-use fuel switching: Electrifying on-site energy consumption; began testing zero-emissions vehicles, including a hydrogen fuel cell EV, and purchased an electric shunt truck and electric Class 8 truck; increased access to charging stations
Negative emissions: Planted 1 million trees with Veritree

Most recently reported Scope 1 emissions (MT CO₂e) 54,114

Most recently reported Scope 2 emissions (MT CO₂e) 28,693

Most recently reported Scope 3 emissions (MT CO₂e) 3,317,034

Has the company published a climate transition plan? None found

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? No

Is executive compensation linked to climate-related metrics? None found

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? Deloitte LLP limited assurance

Does the company use multiple scenarios? None found

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target 2050

Scope 1 interim targets None found

Scope 2 interim targets None found

Scope 3 interim targets None found

Other targets None found

Examples to date Efficiency: Conducted LED retrofits, improved equipment efficiencies, aligned newer buildings with sustainable building standards
End-use fuel switching: Invested in electrifying aircraft and eVTOLs, introduced an EV leasing scheme to UK employees

Most recently reported Scope 1 emissions (MT CO₂e) 22,115

Most recently reported Scope 2 emissions (MT CO₂e) 57,114

Most recently reported Scope 3 emissions (MT CO₂e) 205,005

Has the company published a climate transition plan? Carbon Reduction Plan

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline End-use fuel switching: Install EV charging ports at the UK head office
Energy source decarbonization: Explore possibility of on-site electricity generation

Does/will the company rely on offsets? Yes

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Does the company use multiple scenarios? High warming scenario: IPCC RCP 8.5 Low warming scenario: IPCC AR6 2C scenario

Scope 1 target N/A Parent company

Scope 2 target N/A Parent company

Scope 3 target N/A Parent company

Scope 1 interim targets None found

Scope 2 interim targets None found

Scope 3 interim targets None found

Other targets None found

Examples to date Efficiency: FirstService Energy helps clients reduce building carbon footprints

Most recently reported Scope 1 emissions (MT CO₂e)

Most recently reported Scope 2 emissions (MT CO₂e)

Most recently reported Scope 3 emissions (MT CO₂e) 0

Has the company published a climate transition plan? None found

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? No

Is executive compensation linked to climate-related metrics? None found

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? None found

Does the company use multiple scenarios? None found

Scope 1 target N/A

Scope 2 target N/A

Scope 3 target N/A

Scope 1 interim targets None found

Scope 2 interim targets None found

Scope 3 interim targets None found

Other targets None found

Examples to date Efficiency: Invested in energy efficiency initiatives and resiliency

Most recently reported Scope 1 emissions (MT CO₂e) 192,397

Most recently reported Scope 2 emissions (MT CO₂e) 39,439

Most recently reported Scope 3 emissions (MT CO₂e) 6,446

Has the company published a climate transition plan? None found

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? No

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? KPMG LLP limited assurance

Does the company use multiple scenarios? None found

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target None found

Scope 1 interim targets 1 Mt reduction by 2023 (equivalent to a 42.3% reduction by 2023 from a 2021 baseline)

Scope 2 interim targets None found

Scope 3 interim targets None found

Other targets 75% renewable generation by 2023; Reduce 1Mt from 2017 levels; Add 2,000 MW of renewables between 2019 and 2023

Examples to date Efficiency: Invested in residential smart charging pilots, time-of-use plans, smart meters
End-use fuel switching: EV fleet conversion
Energy source decarbonization: Acquired RNG sites, increased RNG distribution through gas utilities, joined in creation of Northeast Hydrogen Hub, invested in community solar and storage, invested in grid modernization

Most recently reported Scope 1 emissions (MT CO₂e) 2,282,609

Most recently reported Scope 2 emissions (MT CO₂e) 97,106

Most recently reported Scope 3 emissions (MT CO₂e) 4,848,038

Has the company published a climate transition plan? Our Path to Net Zero

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline Efficiency: Improve transmission and distribution loss avoidance
End-use fuel switching: Green the fleet
Energy source decarbonization: Heat with green fuels, capture fugitive emissions, implement pipe leak reduction, replace grid electricity with renewable electricity

Does/will the company rely on offsets? No

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? KPMG LLP limited assurance

Does the company use multiple scenarios? Low-carbon scenario: IEA SDS Mid-carbon scenario: IEA ETP/2-degree scenario High-carbon scenario: IEA SPS IPCC: RCP 6; RCP 8.5

Scope 1 target 2050

Scope 2 target 2050

Scope 3 target None found

Scope 1 interim targets 30% reduction in kgCO2e/AuEq oz. by 2030 (2021 baseline)

Scope 2 interim targets 30% reduction in kgCO2e/AuEq oz. by 2030 (2021 baseline)

Scope 3 interim targets None found

Other targets None found

Examples to date Efficiency: Implemented pump rejuvenation, autogenous grinding, and other energy efficiency projects
End-use fuel switching: Adopted electric autonomous haulage technologies, converted equipment from diesel to electric
Energy source decarbonization: Commissioned a solar power plant

Most recently reported Scope 1 emissions (MT CO₂e) 1,038,800

Most recently reported Scope 2 emissions (MT CO₂e) 410,037

Most recently reported Scope 3 emissions (MT CO₂e) 2,238,538

Has the company published a climate transition plan? Climate Change Strategy

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline Efficiency: Incorporate energy-efficient and renewable energy projects into operations and development projects
Other: Partner with equipment manufacturers, energy suppliers, and innovation organizations to reduce GHG emissions and energy use; embed climate change considerations into strategic business decisions

Does/will the company rely on offsets? No

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? KPMG LLP limited assurance

Does the company use multiple scenarios? Scenario 1 - Orderly, low climate change, sustainable development and coordinated climate action: IPCC SSP1; RCP 2.6 Scenario 2 - Orderly, high climate change, global coordination, economic growth, and a high-emissions future: IPCC RCP 8.5; SSP5 Scenario 3 - Disorderly, low climate change, low global cooperation, high inequality, some countries have independent climate action: IPCC RCP 4.5; SSP 4 + SSP 3 Scenario 4 - Disorderly, high climate change, low global cooperations, high inequality, high emissions and low adaptation action: IPCC RCP 8.5; SSP 3 + SSP 4

Scope 1 target N/A

Scope 2 target N/A

Scope 3 target N/A

Scope 1 interim targets 30% reduction by 2030 (2018 baseline)

Scope 2 interim targets 30% reduction by 2030 (2018 baseline)

Scope 3 interim targets Category 1: 13.5% reduction by 2030 (2019 baseline);
Category 3: 13.5% reduction by 2030 (2019 baseline);
Category 4: 13.5% reduction by 2030 (2019 baseline)

Other targets None found

Examples to date Energy source decarbonization: Solar panel installations, biomass steam generation, cogeneration at certain facilities

Most recently reported Scope 1 emissions (MT CO₂e) 91,095

Most recently reported Scope 2 emissions (MT CO₂e) 281,545

Most recently reported Scope 3 emissions (MT CO₂e) 36,341

Has the company published a climate transition plan? None found

Short term actions identified (<2030)

Long term actions identified (>2030)

Actions identified without a specific timeline

Does/will the company rely on offsets? No

Is executive compensation linked to climate-related metrics? Yes

Are there any third-party auditing mechanisms in place to review climate targets and disclosure data? LBG Canada limited assurance

Does the company use multiple scenarios? Failed transition scenario: IPCC SSP3-7.0; IPCC RCP6 Stated policies scenario: IEA STEPS; IPCC SSP2-4.5; RCP 4.5 Sustainable development scenario: IEA SDS; IPCC SSP1-2.6; RCP 2.6 Net zero emissions by 2050 scenario: IEA NZE2050; SSP1-1.9