Mr. Alexandre Guay reports

NATIONAL BANK OF CANADA RELEASES ITS LATEST SUSTAINABILITY REPORTS FOR 2024

National Bank of Canada has released several sustainability reports which cover the year 2024. These are the sustainability report, the climate report and the report on responsible investment advances of National Bank Investments. These reports can be viewed in the codes and commitments section of the bank's website.

Sustainability report

The sustainability report provides an overview of the commitments the bank and its main subsidiaries made to various stakeholders in 2024. It presents the bank's achievements, initiatives and approaches, as well as its environmental, social and governance advances. This year's report also sets out the bank's initiatives and indicators in terms of inclusion, diversity and equity, which were previously published in a separate booklet.

Climate report

National Bank is determined to achieve its ambitious objectives in the fight against climate change. The bank's climate report underscores the bank's pragmatic approach, its advances and its commitment to supporting clients in their own decarbonization efforts. In line with its ambitions, the bank has established a new objective that aims to increase its financing for the renewable energy sector to a total of $20-billion by 2030.

Report on responsible investment advances of National Bank Investments

This report presents NBI's responsible investment advances in 2024. The bank is committed to maintaining attentive service tailored to its clients' needs so it can find solutions that support their transition to a sustainable economy while helping them achieve their financial goals.

These reports contain a wealth of useful information, and stakeholders are encouraged to review them to continue the constructive conversations they have had with the bank over a number of years.

About National Bank of Canada

With $484-billion in assets as at Jan. 31, 2025, National Bank is one of Canada's six systemically important banks. It has approximately 30,000 employees in knowledge-intensive positions and operates through three business segments in Canada: personal and commercial banking, wealth management, and financial markets. A fourth segment, U.S. specialty finance and international, complements the growth of the bank's Canadian operations. Its securities are listed on the Toronto Stock Exchange.

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