Investor Presentation

1 • ESG Highlights Environmental Mobilized $58 billion¹ since November 1, 2018, toward our increased commitment of $350 billion by 2030 to reduce the impacts of climate change Released the Net-Zero Pathways Report that outlines our approach to become a net-zero bank by 2050, including quantitative, time-bound targets for reducing GHG emissions in the Bank's own operations and lending activities Achieved 25% reduction of Scope 1 and 2 GHG emissions (from 2016 levels), four years ahead of our 2025 target Committed to achieve net-zero emissions in our operations by 2030, including securing 100% non- emitting electricity in Canada by 2025 and globally by 2030 A member of the Partnership for Carbon Accounting Financials (PCAF) and the United- Nations-convened Net-Zero Banking Alliance (NZBA), participating in the global efforts of the financial sector to address climate change Pledged $25 million in investment community partnerships to enable climate-related systems change and sector decarbonization, including a dedicated $10 million Net Zero Research Fund Joined Climate Engagement Canada and Circular Economy Leadership Canada CDP DRIVING SUSTAINABLE ECONONIES As at November 2021. UN EQUATOR PRINCIPLES environment programme finance initiative • • • Social Issued the largest Sustainability Bond by a Canadian Financial or Corporate in 2021, a USD$1 billion 3-year bond to fund green and social assets, including the advancement of women-led businesses Celebrated the third successful year of the Scotiabank Women Initiative, which has deployed $3.8 billion in capital to women-owned and women-led businesses in Canada since its launch in 2018 Supported Chile, the world's largest sovereign social bond issuer, to issue social bonds totaling USD$12.8 billion Invested $26 million, supporting 200+ organizations in the first year of Scotia RISE, a 10- year, $500 million initiative to promote economic resilience among disadvantaged groups within our $77 million community investment program Improved employee benefits coverage for mental health, gender affirmation healthcare and improved maternity and parental leave top-up pay Included in Bloomberg's Gender-Equality Index (GEI) for the 4th straight year, and ranked 14th in Refinitiv's Diversity and Inclusion Global Index Member of Dow Jones Sustainability Indices Powered by the S&P Global CSA Corporate ESG Performance • Governance For the fourth 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 Updated our global Human Rights Statement, improving alignment with best practices and the UN Guiding Principles Reporting Framework A corporate ESG committee, ultimately reporting to the Board, oversees the Bank's ESG strategy implementation 38% of Board directors are women. An ESG update by Senior Management is a standing item on the Board agenda Implemented a suite of processes and assessment tools to ensure the Bank's use of data and analytics adheres to good governance, responsible Al practices and ethical expectations Support the groundbreaking work of Project Shadow and Project Umbra to improve financial intelligence to combat human trafficking and online exploitation Awarded Best Corporate Sustainability Strategy at the ESG Investing Awards 2022 PRI MSCI AAA Prime RATED BY ESG RATINGS ISS ESG▷ ссс B BB BBB AA AAA Bloomberg Gender-Equality 2021 REFINITIV TOP 100 COMPANY 2020 Diversity and Inclusion Index TCFD TASK FORCE ON CLIMATE-RELATED FINANCIAL DISCLOSURES 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. 19

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