"The Bank of Canada’s Annual Report for 2023 was tabled in the House of Commons yesterday. The report evaluates how the physical effects of climate change and potential disruptions from the transition to a low-carbon economy could impact the Bank’s ability to deliver on its core functions. It outlines what the Bank is doing to manage these risks, including risks to its balance sheet and pension fund, and to reduce the carbon footprint of its operations. For more information, please contact Media Relations."
The Bank of Canada released its 2023 Annual Report and Report on Climate Risks on May 2, 2024. The Annual Report outlines the Bank’s activities and achievements in 2023, including financial statements and a message from Governor Tiff Macklem. Additionally, the Bank of Canada's second annual report focuses on the risks that climate change poses to its mandate and operations. This report lays out elements of the Bank’s strategy related to climate change and details how the issue will be managed holistically across the organization, following the recommendations of the Financial Stability Board’s Task Force on Climate-related Financial Disclosures.