Metrics and Targets

Climate-Related Targets

As a fraternal benefit society with a strong Catholic identity, the Society’s senior management is primarily focused on the Society’s mission, which includes business, fraternal, charitable, and evangelical dimensions. Given the Society’s strategic priorities and the limited impact of climate-related risks and opportunities on them, the Society’s senior management has not established qualitative or quantitative climate-related targets. Accordingly, the Society has not engaged in the development of metrics to specifically monitor climate-related risks or opportunities.

Should the Society identify or become aware of a climate-related risk that could reasonably be expected to impact its mission or financials, appropriate action will be taken to evaluate and, where appropriate, mitigate its impact to the Society and take commensurate measures to address these risks in accordance with OSFI requirements. To the extent that it becomes aware of climate risks rising to the level of materiality, the Society will implement relevant tools and models, including those used for climate scenario analysis to measure and assess its climate-related risks. Where these tools and models are developed by external third parties, the Society will ensure that it understands sufficiently the embedded data, methodology, assumptions, and their limitations.

Scope 1 and Scope 2 Greenhouse Gas Emissions

The Society reviewed the respective reporting requirements for the Greenhouse Gas Reporting Programs (“GHGRP”) in Canada and the United States⁴. Based on this review, the Society has observed and determined that (1) these GHGRP programs are focused on facilities that produce significant amounts of GHG emissions annually (e.g., power plants) and (2) the Society does not have to report its GHG emissions for the following reasons:

Canadian GHGRP – The Society does not have any physical facilities located in Canada.
United States GHGRP – Based on a limited scope calculation, the Society’s headquarters emitted approximately 550 metric tons of carbon dioxide equivalent emissions for the 2025 reporting period, which is considerably below the annual 25,000 metric tons of carbon dioxide equivalent emissions threshold enforced by the U.S. Environmental Protection Agency under the GHGRP.

To confirm that the Society is not approaching the 25,000 metric ton threshold for Scope 1 and Scope 2 GHG emissions in the United States, the Society conducted a limited, preliminary calculation⁵ of its GHG emissions. The results of the calculation showed that the Society’s GHG emissions related to stationary combustion (i.e., natural gas) and electricity produced a total of approximately 550 metric tons of carbon dioxide equivalent emissions for the 2025 reporting period. This affirmed the Society’s finding that it is emitting considerably below required reporting thresholds and that its footprint is modest to low.

Climate-Related Targets

Scope 1 and Scope 2 Greenhouse Gas Emissions

Climate-related financial disclosures