Laurentian Bank Publishes First Sustainable Bond Framework, The Canadian Business Journal

Not intended for distribution to US news wire services or for distribution in the US

MONTREAL, October 31, 2022 (GLOBE NEWSWIRE) — Laurentian Bank of Canada (TSX: LB) (Laurentian Bank) today launched its first Sustainable Bond Framework (“Framework”) is part of our ongoing commitment to driving new ESG initiatives that have a positive impact on our customers, investors, employees and communities.

Sustainalytics – a global leader in independent ESG and corporate governance research, ratings and analysis – has completed a Second Party Opinion on the Framework, deeming it credible, influential and recognized by the International Capital Markets Association. (ICMA) Green Bond Principles 2021. , Social Bond Principles 2021, Sustainability Bond Guidelines 2021.

Under the Framework, Laurentian Bank can issue Green Bonds, Social Bonds and Sustainability Bonds, collectively referred to as Sustainable Bonds. In either case, the proceeds from the issuance will be used to finance or refinance eligible projects, loans and investments that have a positive impact on climate change and social inequality. Categories covered include renewable energy, green buildings, energy efficiency, low-carbon transport, affordable housing, access to essential services, majority-women-owned SME lending, and diversity and inclusion leadership. included.

“At Laurentian Bank, we believe we can change banking for the better by helping our clients make better choices regarding environmental, social and governance (ESG) best practices. The implementation of Work is an important step in the development of the bank’s strategic plan and builds on our commitment to embedding ESG into all our operations and activities.”

– Rania Llewellyn, President and CEO, Laurentian Bank

copy of Framework, Second Party Opinion from Sustainalyticsand the latest ESG Reportavailable on our public Sustainable Bond page website.

This press release does not constitute an offer to sell or a solicitation of an offer to buy securities in any jurisdiction.

About Laurentian Bank

At Laurentian Bank, we believe that by looking beyond the numbers, we can change banking for the better.

Founded in Montreal in 1846, Laurentian Bank helps families, businesses and communities thrive. Today, approximately 3,000 employees work together as one team to provide clients in Canada and the United States with a wide range of financial services and advice-based solutions. We protect, manage and grow $49.8 billion of balance sheet assets and $27.8 billion of assets under administration.

We drive results by putting our customers first, making better choices, acting with courage and believing that everyone belongs.

information:

Cautionary Note Regarding Forward-Looking Statements:

Laurentian Bank (the “Bank”) makes forward-looking statements from time to time within the meaning of applicable Canadian and United States (US) securities laws, including those described herein. These forward-looking statements are made pursuant to the “safe harbor” provisions of applicable Canadian and United States securities laws (including the United States) and are intended to be forward-looking statements. Private Securities Litigation Reform Act These include, but are not limited to, statements regarding our vision, strategic goals, business plans and strategies, priorities and financial performance targets. Forward-looking statements, by their nature, require the Bank to make assumptions and are subject to inherent risks and uncertainties of a general and specific nature. It may turn out to be inaccurate. The bank’s assumptions may be wrong (in whole or in part). and the possibility that we may not achieve our financial performance targets, vision and strategic objectives. Forward-looking statements are not guarantees of future performance or results, nor do they indicate whether actual results will be obtained. The Bank cautions readers not to place undue reliance on forward-looking statements. Many risk factors, many of which are beyond the Bank’s control, can affect, individually or collectively, the impact of which is difficult to predict or measure. This could impair the accuracy of the forward-looking statements and could cause our actual future results to differ materially from the goals, expectations, estimates or intentions expressed in the forward-looking statements. We undertake no obligation to update any forward-looking statements made by us, whether as a result of new information, future events or otherwise, except to the extent required by applicable securities regulation laws. Information about the assumptions and risks associated with the Bank’s forward-looking statements is available in the Bank’s Management Discussion and Analysis for the fiscal year ended October 31, 2021, as updated, available at www.sedar.com.

CBJ Newsmaker