National Bank of Canada is a leading financial institution in Canada, providing a wide range of banking and financial services to individuals, businesses, and institutions. The bank operates in the Banks sector and is committed to sustainability and decarbonisation, with a focus on reducing its carbon footprint and supporting the transition to a low-carbon economy.

As part of its sustainability strategy, National Bank of Canada has set ambitious targets to reduce its greenhouse gas emissions and increase its use of renewable energy. The bank is committed to achieving net-zero emissions by 2050 and has set a target to reduce its emissions by 25% by 2025, compared to its 2019 baseline.

To achieve these targets, National Bank of Canada is implementing a range of initiatives, including energy efficiency measures, renewable energy investments, and the use of corporate power purchase agreements (PPAs). The bank has also established a Corporate Energy Management Program to help reduce its energy consumption and improve its energy efficiency.

One of the key initiatives that National Bank of Canada is pursuing to reduce its carbon footprint is the use of renewable energy. The bank has invested in a range of renewable energy projects, including wind, solar, and hydroelectric power, to help reduce its reliance on fossil fuels and support the transition to a low-carbon economy.

In addition to investing in renewable energy, National Bank of Canada is also using corporate PPAs to help support the development of new renewable energy projects. These agreements allow the bank to purchase renewable energy directly from a project developer, providing a stable revenue stream for the project and helping to drive the development of new renewable energy capacity.

National Bank of Canada has also implemented a range of energy efficiency measures to reduce its energy consumption and improve its energy efficiency. These measures include the installation of energy-efficient lighting, heating, and cooling systems, as well as the implementation of energy management systems to monitor and control energy use.

As part of its sustainability strategy, National Bank of Canada is also committed to reducing its greenhouse gas emissions from its operations. The bank has set a target to reduce its emissions from its buildings and operations by 25% by 2025, compared to its 2019 baseline.

To achieve this target, National Bank of Canada is implementing a range of energy efficiency measures, including the use of energy-efficient lighting and HVAC systems, the installation of building automation systems, and the implementation of energy management systems. The bank is also exploring the use of renewable energy to power its operations, including the installation of solar panels on its buildings.

In addition to reducing its own emissions, National Bank of Canada is also working with its clients to help them reduce their carbon footprint. The bank has established a range of sustainability-focused products and services, including green loans, green bonds, and sustainable investment funds, to help its clients finance and invest in sustainable projects.

Overall, National Bank of Canada is committed to sustainability and decarbonisation, and is taking a range of initiatives to reduce its carbon footprint and support the transition to a low-carbon economy. The bank's focus on renewable energy, energy efficiency, and corporate PPAs is helping to drive the development of new renewable energy capacity and reduce greenhouse gas emissions from its operations.