Timbercreek Financial Corp.
Climate Impact & Sustainability Data (2024-01-01 to 2024-06-30)
Reporting Period: 2024-01-01 to 2024-06-30
Environmental Metrics
Climate Goals & Targets
Environmental Challenges
- Portfolio balance decreased after two quarters of significant repayments.
- Resolution of Stage 2 and 3 loans.
- Higher rates impacting borrower liquidity.
Mitigation Strategies
- Active asset management efforts to resolve Stage 2 and 3 loans.
- Successful redeployment of capital, growing the portfolio.
- Working with borrowers to develop plans for asset sales or refinancing.