List of 2022 Net-Zero Research Fund Winners with Grants of $100,000 each: Scotiabank is a leading bank in the Americas. Scotiabank's Net-Zero Commitments include: Achieving net-zero operations by 2030, including securing 100% non-emitting electricity in Canada by 2025, and globally by 2030 Mobilizing $350. "Banks are drivers of prosperity, partners that enable the success of businesses small and large, a critical part . implementing a Climate Change Risk Assessment to further integrate the considerations of climate change into risk management and credit adjudication; creating an enterprise-wide Climate Action and Environmental Employee Resource Group. Key ESG highlights from the report include: In tandem with its ESG Report, today Scotiabank also released itsinaugural Net-Zero Pathways Report, a comprehensive outline of the Banks commitment to achieve net-zero emissions from our operations by 2030 and net-zero financed emissions by 2050, including interim financed emissions targets and actions for the Banks priority high-emitting sectors. Scotiabank today released its2021 Environment, Social and Governance Report, a comprehensive review of the Banks progress against its ESG commitments according to four key pillars Environmental Action, Economic Resilience, Inclusive Society, and Leadership & Governance. Scotiabank receives A- grade for strong climate-related disclosure and management. The Scotiabank Climate Commitments also include a commitment to governance and transparency in disclosure, something that CDP also recognizes. Save my name, email, and website in this browser for the next time I comment. Building on our Climate Commitments and as part of our net-zero strategy, we are mobilizing $350 billion in climate-related finance by 2030. Scotiabank is a leading bank in the Americas. We implemented an internal carbon price of CAD$15 per tonne of CO2. Scotiabank's five commitments, detailed in a public position statement on the Bank's website, are: Mobilize $100 billion by 2025 to reduce the impacts of climate change. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. This is an important milestone, marking the start of an iterative and evolving process. Last week, Scotiabank announced it will support its clients in the transition to a low-carbon economy as well as decarbonize its own operations as part of its Climate Commitments. The new goals were announced along with the publication of the bank's 2021 Environment, Social and Governance Report, highlighting Scotia's progress towards its ESG . Scotiabank has also made several sustainable finance commitments, including a commitment to mobilize $350 billion in climate finance and a $10 billion commitment in support of affordable housing in Canada by 2030. To read more about Scotiabank's sustainability strategy and Climate Commitments visit www.scotiabank.com/sustainability. Supporting the transition to a low-carbon economy. This is very meaningful to me and helps provide purpose showing the difference we can and have made with climate change, social impact and governance. Karen Birss on LinkedIn: Scotiabank releases its 2022 ESG Report, highlighting efforts to advance One of this year's winners from Latin America is Con Vida Foundation, a Colombian NGO focused on promoting sustainable, green avocado farming across the tropical Andes. Scotiabank's Climate Commitments At Scotiabank, we recognize that efforts to address climate change will require a significant mobilization of capital from public and private sources worldwide. endstream endobj startxref 0 The CDP, a not-for-profit charity, provides a global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. With a team of approximately 90,000 employees and assets of approximately $1.2 trillion (as at January 31, 2022), Scotiabank trades on the Toronto Stock Exchange BNS and New York Stock Exchange BNS. initiatives to reduce greenhouse gas emissions from the Bank's operations, and robust third-party verification of operational data; integration of climate-related risk management in lending; and. The Net-Zero Pathways Report builds on the Bank's previously stated Scotiabank Climate Commitments an enterprise-wide strategy to support the Paris Agreement on Climate Change by identifying and acting on the pathways available to the Bank to achieve net-zero emissions by 2050. In 2020, Scotiabank enhanced our lending policies to be explicit about our support for the ANWR and its protection. change strategy: the Scotiabank Climate Commitments. Important conversations are being had about how the global goal of a net-zero economy by 2050 can avoid the worst impacts of climate change. ea` Markham On Energy columns policy and politics, Video interviews with Canadian energy experts, Energi Talks podcast with global energy experts, Deep analysis of energy issues and trends. Signed the UN Womens Empowerment Principles and UN LGBTI Codes for Business Conduct. Read about the top ESG trends for 2023 and what communicators can expect. Download the report Current publications Im proud of our Banks progress to decarbonize towards net-zero for our own operations, while also being united in supporting the goal for the global economy. ESG News provides full-length coverage of ESG events, trends, policies and thought-leaders shaping business today. Scotiabank receives A- grade for strong climate-related disclosure and management TORONTO, Dec. 17, 2020 /CNW/ - Scotiabank is pleased to announc. United Way Greater Toronto announced a $15-million investment from Scotiabank to help young people. Recent policy changes have opened part of the ANWR to oil and gas exploration, and local Indigenous communities are concerned that development could threaten the fragility of the ecosystem and negatively impact their well-being. The Scotiabank Climate Commitments also include a commitment to governance and transparency in disclosure, something that CDP also recognizes. By paying careful attention to the areas where we feel we can have the biggest impact, Scotiabank creates economic, social and environmental value for our customers, employees and communities, while also delivering returns for our shareholders. For more information, please visit http://www.scotiabank.com and follow us on Twitter @ScotiabankViews. endstream endobj 219 0 obj <>>> endobj 220 0 obj <. We provide our employees with the tools and knowledge to empower This is very meaningful to me and helps provide purpose showing the difference we can and have made with climate change, social impact and governance. "Climate change continues to be a major priority for Scotiabank as we deepen our approach to sustainability and leverage our capabilities to help drive positive environmental action," says Meigan Terry, SVP and Chief Communications and Social Impact Officer at Scotiabank. As data improves and advancements in emission-reducing policies, strategies and technologies are realized, the Bank will refine the interim targets and continue to report transparently on progress. Committed $3 billion in funding over the first three years of The Scotiabank Women Initiative to advance women-led businesses in Canada. The full list of the 2022 winners is below. Climate change considerations are also integrated into credit applications and industry reviews, and we continue to aggressively reduce our Banks operational footprint through the procurement of emission free and renewable electricity. Karen Birss LinkedIn: Scotiabank releases its 2022 ESG Report, highlighting efforts to advance 218 0 obj <> endobj CDP a not-for-profit organization known for its global disclosure system for environmental reporting awarded Scotiabank high marks for its transparency and actions taken in the following categories: Scotiabank has made significant progress towards meeting its Climate Commitments, first announced in 2019, including: This latest recognition from CDP builds on Scotiabank's track record of environmental excellence including recent inclusion in the Dow Jones Sustainability Index North Americafor the third consecutive year. As a Leading Bank in the Americas, we remain steadfast in our commitment to drive positive change in communities where we bank and around the world, which includes addressing climate change and supporting the transition to a low-carbon economy.. Amplify your organizations ESG communications with unlimited distribution to a global audience, Share your brands purpose through a sponsored editorial series combining original content and distribution, Talk to our team about maximizing your ESG communications with 3BL Media, Elevate your next CSR report, event or sustainable bond in just a few clicks, Experience the latest ESG and sustainability news reported by veteran journalists, Celebrate your companys placement on this prestigious ranking, Catch up on the latest ESG news shared over 3BL Medias distribution network, We help organizations share their ESG communications with audiences around the world. This commitment includes lending, investing, financing and advisory services, as well as expenditures in the Bank's direct operations and communities where it operates to reduce the impacts of climate change. Canada-based financial services company Scotiabank announced today a new series of sustainable finance and climate commitments, including a goal to mobilize $350 billion in capital for climate-related finance by 2030. The recognition from CDP reaffirms that we are on the right track in managing and reporting on these important matters.". Through its Climate Commitments, Porter says Scotiabank is building on our past efforts to capitalize on these opportunities and effectively manage risks across our business. He adds that Scotiabank plays a unique role through our core business activities in supporting our clients in the transition to a low-carbon economy.. For more information, please visit http://www.scotiabank.com and follow us on Twitter @ScotiabankViews. We are here for every future. The next call-for-submissions for 2023 research will be held in the spring of 2023. The increase is largely in recognition of the Bank's climate change strategy launched last year which includes commitments to mobilizing capital and reducing its own operational impacts. To read more about Scotiabanks net-zero strategy and climate commitments, visitwww.scotiabank.com/sustainability.
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