Economic Forecasts and Performance Review
Environmental, Social & Governance (ESG)
Highlights from 2019
E
Environmental
TRUST
S
Social
We are here for every future
G
Governance
Announced our commitment to mobilize $100
billion by 2025 to reduce the impacts of
climate change
Issued inaugural USD 500 million Green Bond of
which proceeds were used to fund assets under
the Scotiabank Green Bond Framework. Includes
the categories of renewable energy, clean
transportation and green buildings
Directed proceeds of internal fee on carbon into
renewable energy & efficiency initiatives, and are
on track to achieve a greenhouse gas reduction
target of 10% by 2021 compared to 2016
Launched our new, more efficient workspace
model at our head office in Toronto, Canada,
which has to date reduced greenhouse gas
emissions by 741 tonnes and is expected to
reduce paper use by 86%
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Invested nearly $100 million globally in
communities where we operate as part of our
global philanthropy program
Committed $3 billion in funding over the first
three years of The Scotiabank Women Initiative
to advance women-led businesses in Canada
Signed the UN Women's Empowerment
Principles and UN LGBTI Codes for Business
Conduct
Continued to deliver on our commitment of $250
million over 10 years to help employees adapt to
the digital economy
Served as the lead bank in Canada in the Finance
Against Slavery and Trafficking initiative, the
Financial Access project, to open accounts for
survivors of modern slavery
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For the second consecutive year, ranked by the
Dow Jones Sustainability Index as among
the top 1% of global financial institutions for
Corporate Governance
38% of our directors are female. We first
established a Board diversity policy in 2013
Appointed Mr. Aaron Regent as Chairman of the
Board. Mr. Regent is Scotiabank's third
independent Chairman, as we have separated
the CEO and Chairman roles since 2004
Dedicated significant Board time to
cybersecurity, anti-money laundering, conduct
and culture issues, keeping the Bank safeView entire presentation