Canadian Housing Market: Engineering a Soft Landing

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 • бра 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® 15

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