Canadian Bank EQB announced the company decreased its overall emissions profile by 6% year-over-year, excluding managed client invested emissions from ACM Advisors.

The company also announced the launch of the Equitable Bank’s inaugural Sustainable Bond Framework, which outlines the Bank’s focus on raising funds through issuance of green, social or sustainable bonds.

As detailed in its latest Responsibility Report, EQB continued its commitment to achieving carbon neutrality of Scope 1 and Scope 2 through retirement of 995 tCO2e Verified Emissions Reductions.

The bank is additionally committed to investing in its alternative asset manager ACM Advisors’ new social and climate fund, which is set to launch in 2025 and will provide institutional investors with access to commercial lending assets aligned with social and climate initiatives

“Our role as Canada’s Challenger Bank includes a clear responsibility to operate with transparency, accountability and care for Canada’s communities and environment, in tandem with our efforts to grow, innovate and advocate for a better banking system for Canadians,” said Andrew Moor, president and CEO of EQB, in a statement. “We’ve made meaningful progress across our priorities this year, including advancing affordable housing, helping more Canadians access financial tools that provide better value, maintaining robust governance standards and operating with a thoughtful approach to climate responsibility — all while continuing to grow with purpose.”