Americas Wholesale Banking Growth and M&A Advisory
•
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.
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