Carbon Footprint Reporting
Climate-related risk and the complex environmental, social and economic challenges that come with it are impacting our company, clients and communities. To demonstrate our commitment to climate change mitigation and environmental stewardship, we became carbon neutral equivalent in 2020.
Achieving carbon neutral equivalency in 2020
In 2020, we achieved our target of becoming carbon neutral equivalent. When the target was set in 2010, we initially focused on lowering our emissions in several operational areas, including office space consolidation and improved efficiency, as well as reducing the number of vehicles in our fleet and choosing hybrid models. We purchased renewable-energy certificates (through Bullfrog Power®), and have achieved additional reductions through innovative initiatives, including our Financial Advisor Carbon Neutrality program, and our partnership with Compugen’s CarbonBank™ program.
As a result of the COVID-19 pandemic, we shifted to remote work environments in 2020, and adapted to virtual meetings as we eliminated non-essential air travel to ensure safety. Committed to this positive environmental trend going forward, we will continue to leverage virtual-meeting capabilities and less carbon-intensive modes of interaction. While in 2020 we saw a reduction in operational emissions, there were also emissions outside of our scope as we are not able to track emissions resulting from work from home activities.
Restatements of previously reported historical emissions data result primarily from updates to provincial emission factors.
For more information about our carbon footprint: Operational energy consumption and carbon emission inventory.