For more information, please visithttp://www.scotiabank.comand follow us on Twitter@ScotiabankViews. 0000002339 00000 n Scotiabank reports on 2021 sustainability performance, announces net-zero strategy and a commitment to mobilize $350 billion in climate related financing. As part of our commitment to sustainability initiatives, we are supporters, signatories or members of the following: See more recognitions for Scotiabank on Our Awards and Accolades for Sustainable Finance. Our dedicated team approach includes Social, Economic, Environmental, and Ethical considerations in our everyday business decisions. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. We provide over 90,000 employees across our footprint with skills, training and opportunities to grow and reach their fullest potential. endobj As a leading Bank in the Americas, Scotiabank plays a crucial role in enabling strong economies wherever we operate. 1 2 . Our dedicated team approach includes Social, Economic, Environmental, and Ethical considerations in our everyday business decisions. 89 0 obj <>stream "How we choose to bank impacts the world around us, particularly in relation to environmental, social, and governance issues. Mobilized $96 billion in climate-related financing since November 1, 2018, towards a target of $350 billion by 2030. Scotiabank is a Leading Bank in the Americas. 0000016256 00000 n Achieved 29% reduction of Scope 1 and 2 GHG emissions within the Bank's operations (from 2016 levels) against our target of 35% reduction by 2030. Scotiabank understands the importance of healthy, vibrant communities, so we strive to work in ways that benefit our communities as well as our customers and stakeholders. For more information, please visit http://www.scotiabank.com and follow us on Twitter @Scotiabank. For media enquiries only: Stephanie Cangelosi, Scotiabank, Stephanie.cangelosi@scotiabank.com, 416-816-5453, Institute of Sustainable Finance at Queen's University, the Dow Jones Sustainability Index North America, How Friendlier Takeout Containers Can Help Cut Down on Plastic Waste, Scotiabank's Net-Zero Research Fund Now Accepting Applications in Celebration of World Environment Day, The Scotiabank Women Initiative Ups Commitment to $10B To Help Canadian Women Access Capital, How a National Program Is Turning Suspension From School Into a Positive Experience, Scotiabank and YMCA Announce $2.15 Million Partnership To Help Increase School Graduation Among Vulnerable Youth, The Scotiabank Women Initiative Launches Accelerator Program and Virtual Conference for Women in the Automotive Industry, Scotiabank Stands in Support of the People of the Ukraine With a $200,000 Donation to the Red Cross, Scotiabank's Efforts to Prioritize Gender and LGBT+ Equality Recognized. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. About Scotiabank Scotiabank is a leading bank in the Americas. stream Copyright 2023 CNW Group Ltd. All Rights Reserved. For more information, please visit http://www.scotiabank.com and follow us on Twitter @ScotiabankViews. Key ESG highlights from the report include: In tandem with its ESG Report, today Scotiabank also released its inaugural Net-Zero Pathways Report, a comprehensive outline of the Bank's 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 Bank's priority high-emitting sectors. xref Corporate Social Responsibility means supporting and strengthening the communities were part of. 0000021183 00000 n Published Data Ethics Principles and launched new tools to enhance the Bank's investments in data and analytics related to new AI and machine learning projects. Examples of our focus on Leadership & Governance from inside our own operation: Inclusive design of products and services. 416-816-5453, Scotiabank Releases Its 2020 Environment, Social and Governance (ESG) Report Highlighting Progress in Diversity and Inclusion, Climate and Sustainable Finance, 2020 Environment, Social and Governance Report, Mobilized over $28 billion of the $100 billion committed to reduce the impacts of climate change by 2025, Served as bookrunner on more than $10 billion of green, social, sustainability and sustainability-linked bonds since 2014, Achieved a 20% reduction in operational greenhouse gas emissions from 2016 levels, Committed to secure 100% of electricity on a global basis from non-emitting sources by 2030; with an interim target of 100% for Canadian operations by 2025, Contributed nearly $85 million to communities through donations, community sponsorships, employee volunteering and other types of community investment, Launched ScotiaRISE a 10-year, $500 million initiative to promote economic resilience among disadvantaged groups, Donated $16.6 million to support people and communities most at risk during the COVID-19 pandemic, including $7.2 million in support of hospitals and healthcare professionals, Launched renewed five-year Diversity and Inclusion Goals, with a focus on people who identify as Black, Indigenous peoples, visible minorities, People with Disabilities and Women, Signed the BlackNorth Initiative CEO pledge, which outlines seven goals for organizations aimed at helping to end anti-Black systemic racism and creating opportunities for all of those in the underrepresented Black, Indigenous and People of Colour (BIPOC) communities, For the third consecutive year, achieved top 1% in Corporate Governance among financial institutions globally according to the Dow Jones Sustainability Index, and awarded a perfect score on Anti-Crime Policies, Strengthened our commitment to responsible procurement and supplier diversity by joining the, Surpassed a 30% target of women on our Board of Directors with 42% of our nominated directors as women. "Banks are drivers of prosperity, partners that enable the success of businesses small and large, a critical part of the social fabric, and engines of economic growth," said Brian Porter, President & CEO Scotiabank. xb``e``f T,DEAW#feffkc:A!7fbFl2n6CD mg /CA 1.0 By working to remove barriers to advancement, increasing access to opportunities, combating bias and racism and leveraging impactful community partnerships to advance the diverse communities and cultures we serve, we can create a better, more equitable future for our customers, employees, communities, and our Bank. To read more about Scotiabank's net-zero strategy and climate commitments, visitwww.scotiabank.com/sustainability. Scotiabank's entire Board of Directors was engaged on our bank-wide climate change strategy in late fiscal 2019, when the Climate Change Strategy . . Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. You can manage your preferences, How Friendlier takeout containers can help cut down on plastic waste, How Friendlier can help cut down on plastic waste, Sustainable finance takes note of biodiversity risks and opportunities, Read the full story on biodiversity earning increased attention, A closer look at the numbers of the ScotiaRISE initiative. 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. By working with stakeholders at all levels across our entire value chain, we are best positioned to build a better future. 0000005059 00000 n 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. Scotiabank has also made several sustainable finance commitments, including a commitment to mobilize $350 billion in climate finance and a $10 billion commitment in support of affordable housing in Canada by 2030. %PDF-1.4 /Type /XObject A Cisioncompany. Scotiabanks approach to Environmental, Social, and Governance (ESG) focuses on four pillars Environmental Action, Economic Resilience, Inclusive Society and Leadership & Governance. UqSfW[.q"ZC}}sb$}M0v(Xe=VUfEM,+_w/}=]XE?Z~\)eVYcUp 4?e|W6bEw?5FhY`%(eV.Wp[AlQq "=c.S4eXx g`@ O5Xjqw?G4X+D13+U2Q>d CXacAEt;r71A3+Fe3V, endstream endobj 88 0 obj <>/Size 65/Type/XRef>>stream Scotiabank's commitment to the environment is reflected in its efforts to mobilize $96 billion in climate-related financing since November 1, 2018, towards a target of $350 billion by 2030. Urgent environmental action is needed to protect the planets future. /Type /ExtGState Commitments include joining the Partnership for Carbon Accounting Financials (PCAF) and pursuing a net-zero target in financed emissions. For more information, please visit http://www.scotiabank.com and follow us on Twitter @ScotiabankViews. 0000004518 00000 n << 0000016484 00000 n Discover what we have to offer Financing Best-in-class structuring and execution of sustainable finance transactions. Example of how we are using our influence to advance Environmental Action on the World Around Us: Participation in CSA Transition Taxonomy development, Consultation with IFRS on Sustainability Reporting (via CBA). Scotiabank releases its 2020 Environment, Social and Governance (ESG) Report highlighting progress in Diversity and Inclusion, Climate and Sustainable Finance Commitments include joining the Partnership for Carbon Accounting Financials (PCAF) and pursuing a net-zero target in financed emissions The . 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. +N\,c*r\Hkm3@`]{H~cNnoy`aSmbP!+(F2SW3Wx-;vvCBRY? With a team of approximately 90,000 employees and assets of approximately $1.2 trillion (as of January 31, 2021), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). Through ScotiaRISE, distributed $34 million in 2022, reaching people at more than 400,000 critical moments in time. Scotiabank's approach to Environment, Social and Governance (ESG) focuses on four pillars Environmental Action, Economic Resilience, Inclusive Society, and Leadership & Governance. 0000002801 00000 n /Filter /FlateDecode 0000001495 00000 n Scotiabank's approach to ESG focuses on four pillars - Environmental Action, Economic Resilience, Inclusive Society, and Leadership & Governance. Please visit our Corporate website to find out more about ourglobal CSR activities. Scotiabank's Net-Zero Commitments include: This is an important milestone, marking the start of an iterative and evolving process. Scotiabank should actively scan the political environment to ensure quick adaptation with changing policies and reset the strategic priorities accordingly. TORONTO, March 15, 2022 /CNW/ - Scotiabank today released its 2021 Environment, Social and Governance Report, a comprehensive review of the Bank's progress against its ESG commitments according to four key pillars Environmental Action, Economic Resilience, Inclusive Society, and Leadership & Governance. Generated $35.3 billion of sustainable finance activity in 2022, including green, social, sustainability and sustainability-linked bonds, loans and M&A advisory services. mobilizing over$28 billionin Green and Transition finance (sinceNovember 1, 2018); allocating proceeds from Scotiabank's inauguralUSD$500 million3.5-year Green Bond to green building and clean transportation projects as outlined in our. Annual reporting on the Bank's sustainability activities features progress updates on net-zero targets and support for community investment and economic resilience initiatives. 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