Scotiabank: Colombian Market and Financial Overview
Environment, Social & Governance (ESG)
Highlights from 2020
Environment
Over $28 billion mobilized to reduce the
impacts of climate change out of $100 billion
target by 20251
Established a dedicated ESG Equity Research
Team and launched a Sustainable Finance
Group within Global Banking and Markets
Published inaugural Green Bond Report
outlining the impact and use of proceeds
from Scotiabank's US $500 million 3.5 year
Green Bond issued in 2019
Implemented a Climate Change Risk Rating
tool for all business banking loans as a
mandatory part of credit due diligence
Established multi-year partnership with the
Institute for Sustainable Finance at Queen's
University as part of Climate Change Centre
of Excellence
Social
Invested almost $85 million in communities
in which we operate, through donations,
community sponsorships, employee
volunteering, and other types of community
investment
Contributed over $16 million to support
people and communities most at risk during
the pandemic, including direct contributions
for COVID-19 relief, as well as support of
hospitals and healthcare professionals
Advanced commitment to UN LGBTI
Standards of Conduct for Business as a
founding member of the Partnership for
Global LGBTI Equality (PGLE)
Opened our third Gord Downie & Chanie
Wenjack Fund (DWF) Legacy Space,
demonstrating our commitment to
promoting education and discussion around
indigenous reconciliation
Governance
Ranked in the top 1% of global financial
institutions for Corporate Governance by the
Dow Jones Sustainability Index
Strengthened approach to responsible
procurement and supplier diversity by joining
Canadian Aboriginal and Minority Supplier
Council
46% of Board Directors are women². We first
established a Board Diversity Policy in 2013
In collaboration with Smith School of
Business at Queen's University, and the IEEE,
Scotiabank launched the first Trusted Data &
Al for Canadian Business certification in
Canada, designed for employees to develop
foundational knowledge of ethical principles
in business decision making, Al applications
and processes
Member of
REFINITIV Dow Jones
TOP 100 COMPANY 2020
Diversity and Inclusion Index
Sustainability Indices
Powered by the S&P Global CSA
1 Since November 1, 2018; 2 As of October 31, 2020
T
APACT
United Nations
OUNTH
Global Compact WOMEN
CDP TCFD
DRIVING SUSTAINABLE ECONOMIES
TASK FORCE ON
CLIMATE-RELATED
FINANCIAL
DISCLOSURES
EQUATOR
PRINCIPLES
PRI
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