Automotive Finance and ESG Strategies
Environmental, Social & Governance (ESG)
Environmental
Issued inaugural USD 500 million 3.5-
year Green Bond to support
renewable energy, clean transportation
and green buildings
$8.5 billion in loans and credit facilities
to the renewable energy sector in 2018
Established internal price on carbon,
and on-track to achieve greenhouse
gas reduction target of 10% by 2021
Began integrating recommendations
from the Task Force on Climate-
related Financial Disclosures in 2018
and have reported to the CDP since
2004
New approach to working at our head
office in Toronto, Canada has reduced
square feet per employee by 40%,
and expected to reduce paper use by
86%
.
•
Social
Launched the Scotiabank Women
Initiative to advance women-led
businesses through access to capital,
education and mentorship
~35% of VP+ roles and Executive
positions held by women
$250 million committed over 10 years
to help employees adapt to the digital
economy
Joint Lead Manager on $1 billion World
Bank Sustainable Development
Bond to support women and youth
First Canadian bank to adopt both the
UN Global LGBTI Standards for
Business and the UN Women's
Empowerment Principles
Employees volunteered >370,000
hours in 2018 to local causes
>$80 million donated to communities
in 2018 with 70% directed towards
helping young people in the community
•
Governance
First financial institution in Canada to
establish a Corporate Governance
Office (2014), with a direct reporting
line to the Chair of the Board
Updated our Human Rights
Statement in 2019, signed by our
President and CEO
Approved robust equity ownership
requirements for directors in 2003.
These have been reviewed annually
and now include additional common
share ownership obligations
Established an independent Chair in
2004
Established term limits for directors
in 2011
Established a Board diversity policy in
2013. 38% of directors are female
Adopted strict policies on director
interlocks and overboarding, which
are reviewed annually
Scotiabank® 15View entire presentation