Laurentian Bank of Canada 2022 AR2
The report highlights Laurentian Bank's strategic and financial achievements for the fiscal year 2022, marking its first year of executing a three-year strategic plan. The bank exceeded all its financial targets, reporting a net income of $226.6 million and an improved adjusted efficiency ratio of 66.5%. Key accomplishments include launching a mobile app, establishing a hybrid flexible work model, and publishing its first ESG and TCFD reports. Additionally, the bank introduced its first Sustainable Bond Framework and committed to no longer directly finance the exploration, production, or development of coal, oil, and gas.
Company: Laurentian Bank of Canada
Sector: Financials
Country: Canada
Year: 2022
Type: AR2
Pages: 156
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Laurentian Bank of Canada
Annual Report
The report highlights Laurentian Bank's strategic and financial achievements for the fiscal year 2022, marking its first year of executing a three-year strategic plan. The bank exceeded all its financial targets, reporting a net income of $226.6 million and an improved adjusted efficiency ratio of 66.5%. Key accomplishments include launching a mobile app, establishing a hybrid flexible work model, and publishing its first ESG and TCFD reports. Additionally, the bank introduced its first Sustainable Bond Framework and committed to no longer directly finance the exploration, production, or development of coal, oil, and gas.
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Document Details
Report Year
2022
Reporting Period
Nov 1, 2021 - Oct 31, 2022
Fiscal Year
2022
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Assurance Standard
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Employees