Why Invest in Scotiabank?

• ESG Highlights Environmental Mobilized over $28 billion since November 1, 2018, toward our commitment of $100 billion by 2025 to reduce the impacts of climate change Commitment to establish bank-wide, quantitative, time-bound targets for reducing GHG emissions associated with our underwriting and lending activities Established a dedicated ESG Equity Research Team and launched a Sustainable Finance Group within Global Banking and Markets Implemented a Climate Change Risk Assessment tool for all business banking loans as a mandatory part of credit due diligence Updated Bank-wide credit policies published statements on our position to not finance oil and gas activities within the Arctic Circle, and thermal coal mining or coal power generation Established a target to secure 100% of electricity on a global basis from non-emitting sources1 by 2030, with an interim 2025 target of 100% for Canadian operations Social Launched Scotia RISE in January 2021, a 10-year, $500 million initiative to promote economic resilience among disadvantaged groups 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 Launched renewed five-year Diversity and Inclusion Goals, with a focus on people who identify as Black, Indigenous Peoples, Visible Minorities, People with Disabilities and Women Introduced a training module titled Building Indigenous Cultural Competency to help employees better understand and serve our Indigenous customers in Canada • • Governance For the third consecutive year, achieved top 1% in Corporate Governance among financial institutions globally according to the Dow Jones Sustainability Index, and awarded a perfect score on Anti-Crime Policies Strengthened approach to responsible procurement and supplier diversity by joining Canadian Aboriginal and Minority Supplier Council 42% of Board Directors are women². We first established a Board Diversity Policy in 2013 Spearheaded the development of Project Shadow, a public-private partnership designed to combat online child sexual exploitation by enhancing methods to detect, report and disrupt suspicious financial transactions Developed new internal training on ethics in artificial intelligence (AI) and delivered a data ethics workshop for executives TCFD TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES CDP DRIVING SUSTAINABLE ECONOMIES UN EQUATOR PRINCIPLES environment programme finance initiative Member of Dow Jones Sustainability Indices PRI Corporate ESG Performance MSCI ESG RATINGS AAA Bloomberg Gender-Equality Index Prime RATED BY Powered by the S&P Global CSA CCC B BB BBB AA AAA 2021 ISS ESG▷ REFINITIV TOP 100 COMPANY 2020 Diversity and Inclusion Index Includes renewable (hydro, solar, wind, geothermal, tidal) and nuclear sources, and may include the use of renewable energy certificates (RECs). 1 2 As at April 30, 2021. Note: The use by Scotiabank of any MSCI ESG Research LLC or its affiliates ("MSCI") data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute a sponsorship, endorsement, recommendation, or promotion of Scotiabank by MSCI. MSCI services and data are the property of MSCI or its information providers, and are provided 'as-is' and without warranty. MSCI names and logos are trademarks or service marks of MSCI. 17

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