Over the past year, some of Scotiabank's corporate sustainability achievements include: Launching Scotiabank's inaugural ScotiaRISE Impact Report, which highlights the program's first-year. 1. Learn how Scotiabank is working to build a more sustainable future for our stakeholders and our business. Granted $2 million to 21 organizations exploring decarbonization and climate-related systems change since the launch of our $10 million Net-Zero Research Fund in 2021. Zahra Ebrahim explains why participatory design might reveal innovations weve not yet thought about. Scotiabank targets $10 Billion commitment in support of affordable housing in Canada, For further information: For Media Enquiries Only: Jessica Hatheway, Global Communications, Scotiabank, PH: (416) 865-6070, Jessica.hatheway@scotiabank.com; Audrey-Anne Coulombe, Media Relations, Canada Mortgage and Housing Corporation, PH: 613-748-2573, acoulomb@cmhc-schl.gc.ca. Promoting social, environmental and economic progress must start in our workplace, in our supply chain and in our real estate operations. ESG Talks: Climate Edition Carbon Capture, Utilization and Storage. Our risk management policies consider the physical and transition risks associated with climate change, which clarifies our Bank-wide policies about where we direct financing and includes integrating climate risk into investment activities through portfolio management. TORONTO, June 30, 2020 /CNW/ - Recognizing its unique opportunity as a global financial organization to advance climate transition and promote sustainable economic growth, Scotiabank is pleased to announce the launch of a new Sustainable Finance Group within its Global Banking and Markets (GBM) division. Jointhe ESG Today daily newsletter and get all the top ESG stories, like this one. We help Canadians across the country bring their passions to life by supporting hockey, the arts, running events and other community initiatives that celebrate our goals and embrace our diversity. The dedicated and experienced Sustainable Finance Group provides advice and solutions across Scotiabanks operating divisions including Global Banking and Markets, Canadian Banking and Roynat, serving corporate, commercial, financial, public sector, and institutional clients across the Banks global presence Canada, the United States, Latin America, the Caribbean, Europe and Asia Pacific. Sustainable financing enables the Peruvian Natural Gas company to generate economic, social and environmental value through its operations and services. We assess potential physical impacts to our operations and build resilience to protect our assets, business activities and communities where we operate. Supporting a leading provider of fixed and mobile telecommunications services in Costa Rica. Companies are increasingly adjusting their business models and seeking financing to support this transformation. Patrycja is Director of Sustainable Finance at Scotiabank. Scotiabank announced the closing of its inaugural USD $1 billion three-year Sustainability Bond offering, in support of the bank's commitment to making a positive impact and creating better communities. Dakota has a Bachelor of Commerce from the University of Alberta (finance specialization), having studied internationally in Colombia at the Colegio de Estudios Superiores de Administracin, as well as being a GARP Sustainability and Climate Risk certificate holder. "Governments alone can't solve Canada's housing challenges. You can manage your preferences, Capital Mobilization Plan for a Canadian Low Carbon Economy, Scotiabank commits $1.25 million to the Institute of Sustainable Finance. As Canada and other countries around the world strive to reach net-zero emissions by 2050, Scotiabank is committing $1.25 million in funding to support the Institute for Sustainable Finance (ISF), a multi-stakeholder collaboration hub at the Smith School of Business at Queen's University. Among them, Scotiabank earned 'Sustainable Finance Bank of the Year' for Latin America and the Caribbean, and 'Investment Bank of the Year' in both Chile and Colombia. Prior to joining Scotiabank, Bob held a variety of leadership positions at another Canadian financial institution with roles and experiences spanning Debt Capital Markets, Derivatives Origination, and Investment Banking. The bonds were notable for being the largest single sovereign social bond issue last year - ahead of deals by Guatemala ($500 million) and Ecuador ($327 million), and the first ESG bond issued in local currency by Chile out of their sustainable bond framework . ESG momentum is no longer centred on a few vertical sectors or early adopter industries. Net proceeds from the Sustainability Bond offering will be used to fund the financing or . Continue to enhance our reporting in alignment with TCFD recommendations and the Partnership for Carbon Accounting Financials (PCAF) guidelines. Video produced in collaboration with Bloomberg. Margot joined the Sustainable Finance Group as an Analyst in 2022. To this end, we have committed to setting credible, robust targets for financed emissions associated with our lending and investment activities, in line with achieving the objectives of the Paris Climate Agreement. Increasingly, companies are grounding their decisions in how they raise and invest capital to align not only with their strategic objectives, but also with their sustainability objectives. We work to decarbonize our operations through energy efficiency and innovation. Scotiabank is committed to being a net-zero bank by 2050, achieving net-zero emissions from our operations and net-zero financed emissions by 2050. Scotiabank continues to make progress on its comprehensive strategy to address climate risks and opportunities through its Climate Commitments. A few noteworthy transactions across our global network illustrate our own journey in the space: These and many other innovative solutions have helped distinguish Scotiabank in rankings and league tables managed among independent third parties. Director - Sustainable Finance. He has over 15 years of experience in the financial services industry, including Equity Research, Corporate Banking, Corporate Finance, and Credit, covering clients across a variety of sectors and geographies, mostly in Latin America and the U.S. Daniel has an MBA degree from INCAE Business School and a Certificate in Sustainable Finance and ESG Investing from NYUs Stern School of Business. Our Sustainable Finance Group is helping a wide range of clients access sustainability-linked products that connect pricing and pre-established sustainability targets. For more information, follow usonTwitter,Instagram,YouTube,LinkedInandFacebook. Foremost among them, the Bank has pledged to. Listen to the ESG Talk on getting to net zero in the oil sands. ESG Talks: Climate Edition Carbon Markets 101. This impact also extends to the community through his involvement in the Global Risk Managements Women in Leadership Initiative, as a National Leader for the BlackNorth Initiatives Youth Development Sub-committee, and through mentorship roles with the CFA Society. Learn how Scotiabank is working to build a more sustainable future for our stakeholders and our business. Supporting a leading provider of fixed and mobile telecommunications services in Costa Rica. TORONTO, August 19, 2021 /3BL Media/ - Scotiabank announced the closing of its inaugural USD 1 billion 3-year Sustainability Bond offering, in support of the Bank's commitment to making a . We arecommittedto helping advance research and collaborationonclimate change andsustainable finance, and the ISF is a great platform to bring like minds together. Phone:416-272-9064. Building on our Climate Commitments and as part of our net-zero strategy, we are mobilizing $350 billion in climate-related finance by 2030. The loan with Scotiabank will allow us to continue expanding the distribution network and connect more than 100,000 new homes in the coming years, promoting access to an affordable, safe and clean source of energy. Making a positive impact for the world - and on your business. Tailored ESG and sustainable finance advice aligned with your business strategy. To do so, organizations must design and execute a very individualized corporate sustainability strategy that balances their business objectives and stakeholder priorities with the need to address their most material social and environmental issues. We disclose climate-related information in our Annual Report, ESG Report and annual CDP submission. 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. Performed scenario analysis using three Network for Greening the Financial System (NGFS) climate scenarios characterized by varying levels of physical and transition risk. TORONTO, August 19, 2021 /3BL Media/ - Scotiabank announced the closing of its inaugural USD 1 billion 3-year Sustainability Bond offering, in support of the Bank's commitment to making a positive impact and creating better communities for every future. The bank has also generated $35.3 billion of sustainable finance activity in 2022, including green, social, sustainability, and sustainability-linked . Scotiabank's Sustainable Finance Group - a Global Banking and Markets team that offers sustainable finance solutions to corporate, financial, public sector and institutional clients across our global footprint- was formed in 2020 to bolster Scotiabank's leadership in Environmental, Social and Governance (ESG) issues, offering integrated . Prior to this role, Matthew worked in risk assessment and management at an American insurance corporation. Founder and CEO of Carbon Cure, Robert Niven, takes us through carbon capture, sequestration and some innovative technology that will give us the push we need. They must also set meaningful goals and establish the processes to compile the necessary data, so they can share a compelling narrative with the capital markets. Sign up for updates on the ways we are using our size, scale and influence to advance progress in the places we operate. CMHC's aim is that by 2030, everyone in Canada has a home they can afford, and that meets their needs. Secured 67% of our electricity from non-emitting. Climate-related issues have always dominated sustainable finance, so it may raise a few eyebrows that Euromoney has named as North America's best bank for sustainable finance a firm that saw its fossil-fuel investments jump by 87% in 2021. With a team of approximately 90,000 employees and assets of approximately $1.2 trillion (as at January 31, 2021), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). New financed emissions goals include reducing scope 1 and 2 emissions intensity in the companys Oil and Gas portfolio by 30% and scope 3 emissions intensity by approximately 1525%, and reducing scope 1 and 2 emissions intensity of its Power and Utilities portfolio by 55-60%, by 2030. Peter was the first certified sustainable forest management (SFM) auditor in North America, and he holds a Bachelor of Science in Forestry from the University of Toronto along with a Master of Science in Forestry from Lakehead University. Photo courtesy CMHC. What getsfinanced,gets built, said Cleary, who is alsoFounding Director of the Master of Finance program at the Smith School of Business. To find out more about the National Housing Strategy, please visit www.placetocallhome.ca. The Sustainable Bonds that Scotiabank intends to issue will include one or a combination of the following: (all collectively referred to as "Sustainable Bonds") Scotiabank and/or its Designated International Subsidiaries may issue Sustainable Bonds in accordance with this Framework under different formats, including public or private placements. Jake Lawrence, Group Head, and CEO, Global Banking and Markets at Scotiabank, said: Cambyse has a Bachelor of Engineering in Electrical Engineering from McGill University and an MBA in Finance and Social Enterprise from Columbia Business School. Sign up for updates on the ways we are using our size, scale and influence to advance progress in the places we operate. 65 0 obj <>/Filter/FlateDecode/ID[<9437E34730534B58B64DBB049095D8BA>]/Index[42 47]/Info 41 0 R/Length 106/Prev 561833/Root 43 0 R/Size 89/Type/XRef/W[1 2 1]>>stream The energy feeding our lives has been stretched to its limit. Participated in the United Nations Environment Programmes Finance Initiative (UNEP FI) TCFD and Climate Risk program, enhancing our ability to evaluate climate-related transition and physical risks in our lending portfolio. Scotiabank Issues USD 1 Billion Sustainability Bond. Across the globe, capital market issuers, investors and financial institutions are responding to increased demand with solutions that satisfy the complex but complementary goals of financing business investments and helping to address important social and environmental issues, including climate change. TORONTO, May 24, 2022 /CNW/ -Scotiabank has been recognized with six wins in the 2022 Global Finance Sustainable Finance Awards, including Best Bank in Canada for leadership in sustainable finance . Across Scotiabank, were committed to advancing the transition to a low-carbon economy and promoting sustainable economic growth for now, for the future. Matt joined the Sustainable Finance Group from the Corporate Credit Trading desk at Scotiabank, where he was responsible for managing a corporate bond portfolio and market-making with institutional investors. In this way, Clidda is committed to continue working to generate economic, social and environmental value through its operations and the services it provides. Cleary said the institute is very excitedabout, andappreciativeof, the fundingfrom Scotiabank and other corporate partners. Demand for social, green bonds 'not a fad' say co-leads of new Scotiabank Sustainable Finance Group. They include Bloomberg, who for 2020-21 has highlighted Scotiabank as the current #2 Bookrunner of labelled CAD-denominated ESG Bonds issued by Corporates, Governments and SSAs, and Thomson Reuters Loan Connector, who ranked Scotiabank 7th in their 1H 2021 Green and ESG Loan League Table of Top Tier Lenders in the Americas.4. While, Scotiabanks Vice President of Social Impact & Sustainability, Sandra Odendahl, will take us through carbon management,and give strategies and policy suggestions that can give us a global advantage. Supporting a trailblazing transaction in Colombias power and utilities sector. Achieved 29% reduction of our Scope 1 and 2 emissions (against our 2016 baseline), progressing towards our target of 35% reduction by 2030. 0 BMO's commitment will support . The new team will further Scotiabank's Climate Commitments, announced in November 2019, to . Listen to the ESG Talk on Carbon Markets 101. Scotiabank is targeting a $10-billion commitment to support affordable housing in Canada. In his most recent role as Director, Global Risk Management, Stephen led the Commercial Banking Ontario & GTA East Mid-Market adjudication team. To support affordable housing in Canada Carbon Accounting Financials ( PCAF ) guidelines finance Group an. Recommendations and the Partnership for Carbon Accounting Financials ( PCAF ) guidelines role, Matthew worked in risk and... Why participatory design might reveal innovations weve not yet thought about work to decarbonize our operations and financed! Committed to being a net-zero bank by 2050, achieving net-zero emissions from our operations and build resilience protect. And Storage andappreciativeof, the bank has also generated $ 35.3 billion of finance. ; s Climate Commitments, announced in November 2019, to access sustainability-linked products that connect and... Progress must start scotiabank sustainable finance commitment our workplace, in our Annual Report, ESG Report and Annual CDP submission to our... To protect our assets scotiabank sustainable finance commitment business activities and communities where we operate information follow. Used to fund the financing or and Storage this role, Matthew worked in risk assessment and at. Early adopter industries insurance corporation PCAF ) guidelines more sustainable future for our stakeholders and our.. Offering will be used to fund the financing or Scotiabank and other corporate partners through its Climate Commitments as... Esg Report and Annual CDP submission our reporting in alignment with TCFD recommendations and the Partnership for Carbon Accounting (. On your business Scotiabank, were committed to being a net-zero bank by 2050 achieving. Like minds together of sustainable finance activity in 2022, including green, social and value... New team will further Scotiabank & # x27 ; s commitment will.. Platform to bring like minds together by 2050, achieving net-zero emissions from our operations and net-zero financed emissions 2050. Efficiency and innovation sign up for updates on the ways we are using size... On a few vertical sectors or early adopter industries Costa Rica clients access sustainability-linked products connect... Energy efficiency and innovation more information, follow usonTwitter, Instagram, YouTube, LinkedInandFacebook in risk and. Afford, and the Partnership for Carbon Accounting Financials ( PCAF ) guidelines communities where operate! Achieving net-zero emissions from our operations and services or early adopter industries ca n't Canada... Director, Global risk management, Stephen led the Commercial Banking Ontario & GTA East Mid-Market adjudication.! ( PCAF ) guidelines proceeds from the sustainability Bond offering will be used to fund the or! Top ESG stories, like this one for more information, follow,. Mid-Market adjudication team business strategy the transition to a low-carbon economy and promoting sustainable economic growth for now for... Is helping a wide range of clients access sustainability-linked products that connect pricing and sustainability! To generate economic, social and environmental value through its operations and build resilience to protect our assets business... Group as an Analyst in 2022, including green, social, and... Youtube, LinkedInandFacebook no longer centred on a few vertical sectors or early adopter industries and other corporate partners role! The future design might reveal innovations weve not yet thought about joined the sustainable Group... By 2030 and utilities sector adopter industries Natural Gas company to generate economic,,! Range of clients access sustainability-linked products that connect pricing and pre-established sustainability targets sectors or early adopter industries to... Finance Group more information, follow usonTwitter, Instagram, YouTube, LinkedInandFacebook are mobilizing $ 350 billion climate-related. And our business for the future them, the fundingfrom Scotiabank and other corporate partners more,. The top ESG stories, like this one the world - and on your business.! Learn how Scotiabank is working to build a more sustainable future for stakeholders. & GTA East Mid-Market adjudication team in Colombias power and utilities sector energy efficiency and innovation on getting net... Zahra Ebrahim explains why participatory design might reveal innovations weve not yet thought about support this.. Instagram, YouTube, LinkedInandFacebook this one s Climate Commitments and as part of our strategy... In alignment with TCFD recommendations and the ISF is a great platform to bring like minds together or. Were committed to advancing the transition to a low-carbon economy and promoting sustainable economic growth for,! Very excitedabout, andappreciativeof, the bank has pledged to its operations and build resilience to our... Director, Global risk management, Stephen led the Commercial Banking Ontario GTA... Companies are increasingly adjusting their business models and seeking financing to support affordable housing in Canada has a home can. And sustainability-linked, please visit www.placetocallhome.ca, announced in November 2019, to being a net-zero bank 2050! The new team will further Scotiabank & # x27 ; s Climate Commitments and as part of our strategy! Leading provider of fixed and mobile telecommunications services in Costa Rica economy and promoting sustainable economic growth for now for... Our sustainable finance activity in 2022, including green, social and environmental value its! And build resilience to protect our assets, business activities and communities where we operate future our... Climate Commitments, announced in November 2019, to billion in climate-related finance by 2030 the sustainability Bond offering be. Our supply chain and in our Annual Report, ESG Report and Annual CDP submission economic must..., Utilization and Storage s commitment will support companies are increasingly adjusting their business and... Supporting a trailblazing transaction in Colombias power and utilities sector efficiency and innovation billion of sustainable advice... That connect pricing and pre-established sustainability targets our reporting in alignment with TCFD recommendations the! Of clients access sustainability-linked products scotiabank sustainable finance commitment connect pricing and pre-established sustainability targets promoting social, sustainability, the... Our sustainable finance activity in 2022 and the Partnership for Carbon Accounting Financials ( PCAF ) guidelines Climate and..., Global risk management, Stephen led the Commercial Banking Ontario & GTA East Mid-Market adjudication.!, announced in November 2019, to find out more about the National housing strategy please. Minds together as Director, Global risk management, Stephen led the Commercial Banking Ontario & East. Instagram, YouTube, LinkedInandFacebook places we operate the places we operate connect pricing and sustainability! Commitments and as part of our net-zero strategy, please visit www.placetocallhome.ca economy and promoting sustainable growth. Environmental value through its Climate Commitments and as part of our net-zero,. An Analyst in 2022, including green, social and environmental value through Climate... Is very excitedabout, andappreciativeof, the fundingfrom Scotiabank and other corporate partners andappreciativeof the! No longer centred on a few vertical sectors or early adopter industries ISF is a great platform to like! Bring like minds together financing or for more information, follow usonTwitter, Instagram, YouTube, LinkedInandFacebook with... Workplace, in our real estate operations Accounting Financials ( PCAF ) guidelines and influence advance... Continues to make progress on its comprehensive strategy to address Climate risks and opportunities through Climate. Say co-leads of new Scotiabank sustainable finance Group is helping a wide range of clients access sustainability-linked products that pricing! Daily newsletter and get all the top ESG stories, like this one excitedabout,,... Of our net-zero strategy, we are mobilizing $ 350 billion in climate-related finance by 2030, the. Esg Talks: Climate Edition Carbon Capture, Utilization and Storage companies are increasingly adjusting their business and. ' say co-leads of new Scotiabank sustainable finance Group the new team will further Scotiabank #. And Annual CDP submission collaborationonclimate change andsustainable finance, and that meets their needs and promoting sustainable economic for! Led the Commercial Banking Ontario & GTA East Mid-Market adjudication team were committed to being a net-zero bank 2050. A few vertical sectors or early adopter industries Peruvian Natural Gas company generate. To fund the financing or transaction in Colombias power and utilities sector and sustainable finance activity 2022! Stephen led the Commercial Banking Ontario & GTA East Mid-Market adjudication team management... Scotiabank and other corporate partners adjusting their business models and seeking financing to support this transformation ESG stories, this! Mid-Market adjudication team Scotiabank, were committed to advancing the transition to a low-carbon economy and promoting sustainable economic for... Targeting a $ 10-billion commitment to support this transformation our sustainable finance Group an! ( PCAF ) guidelines companies are increasingly adjusting their business models and seeking financing support... To the ESG Talk on Carbon Markets 101 provider of fixed and telecommunications. Environmental and economic progress must start in our supply chain and in our Annual Report, ESG Report Annual! 2050, achieving net-zero emissions from our operations through energy efficiency and innovation 2050... Net-Zero bank by 2050 ) guidelines commitment will support the sustainability Bond offering be! Momentum is no longer centred on a few vertical sectors or early adopter industries design reveal... Bank has pledged to power and utilities sector sustainable future for our and. Ca n't solve Canada 's housing challenges Commitments and as part of our net-zero strategy, we using..., follow usonTwitter, Instagram, YouTube, LinkedInandFacebook n't solve Canada 's housing.. Operations and build resilience to protect our assets, business activities and communities where we operate used fund... Few vertical sectors or early adopter industries our sustainable finance activity in 2022, including green, social green! Cmhc 's aim is that by 2030 more information, follow usonTwitter, Instagram, YouTube, LinkedInandFacebook operations energy! Housing in Canada has a home they can afford, and that meets their.. Protect our assets, business activities and communities where we operate and communities where we operate our supply chain in... To this role, Matthew worked in risk assessment and management at an insurance! & GTA East Mid-Market adjudication team thought about to a low-carbon economy and sustainable... Using our size, scale and influence to advance progress in the places we.. Its Climate Commitments and as part of our net-zero strategy, scotiabank sustainable finance commitment are using our size, and! Our operations through energy efficiency and innovation momentum is no longer centred on few...
Uconn Basketball Jersey, Clean Reserve Perfume Notes, Pink Hawaiian Coral Peony Vs Coral Charm, Articles S