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Equitable Bank Becomes Carbon Neutral
Equitable Bank Becomes Carbon Neutral Canada NewsWire Canada's ...
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[{"type":"text","content":"\n \n \n \n Equitable Bank Becomes Carbon Neutral\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n \n Canada's\n \n Challenger Bank™ Provides Essential Financing to Darkwoods Forest Conservation\n \n \n \n \n \n TORONTO\n \n ,\n \n Nov. 2, 2021\n \n /CNW/ - Equitable Group Inc. (TSX: EQB) (TSX: EQB.PR.C) (\"Equitable\" or the \"Bank\") today announced that it has become carbon neutral in its Scope 1 and 2 greenhouse gas (GHG) emissions, reflecting its commitments to sustainability and the environmental advantages of its digital banking capabilities.\n \n \n \n \n \n \n \n \n \n The Bank's Scope 1 and Scope 2 GHG emissions resulting from operations were equal to 553 tonnes of carbon dioxide equivalent (tCO\n \n 2\n \n e) in 2020, an amount that the bank has fully offset through the purchase of Verified Carbon Standard (VCS) emission reduction credits for Darkwoods Forest Conservation in collaboration with Natural Capital Partners, a leading provider of carbon neutrality and climate finance solutions.\n \n \n \"We believe that our purpose of enriching the lives of Canadians can and should be accomplished simultaneously alongside a low carbon transition,\" said\n \n Andrew Moor\n \n , President and Chief Executive Officer.  \"As today's announcement attests, we are achieving this alignment through our digital banking capabilities, energy efficient, cloud-based architecture, focused real estate footprint and the essential financing we are providing to the Darkwoods Forest Conservation in\n \n Western Canada\n \n .  As a result of our inherent business model advantages and careful management of resources, we generate Scope 1 and 2 emissions per dollar of revenue that are far below branch-based banks in\n \n Canada\n \n . Going forward, we will continue to step up to make real and lasting change for the environment as\n \n Canada's\n \n Challenger Bank.\"\n \n \n \n Looking Ahead: Scope 3 Emissions and Target-Setting\n \n \n With carbon neutrality across Scope 1 and 2 GHG emissions...