Digital Banking Strength and Strategic Funding
•
Environment, Social & Governance (ESG)
Highlights from 2019/2020
Environment
Social
Governance
$100 billion mobilization commitment by 2025
to reduce the impacts of climate change
Issued inaugural Green Bond (US$500MM).
Proceeds to fund assets under the Scotiabank
Green Bond Framework
Sustainable Finance Group launched within
Global Banking and Markets (GBM)
Greenhouse gas (GHG) reduction target of -10%
achieved two years early (from 2016 baseline); set
new target of 25% reduction by 2025
Climate Change Risk Assessment tool
implemented in corporate & commercial lending
to assess clients' physical & transition climate
risks
MEMBER OF
REFINITIV Dow Jones
TOP 100 COMPANY 2020
Diversity and Inclusion Index
Sustainability Indices
In Collaboration with RobecoSAM
INGLOVAL
COMPACT
•
Comprehensive COVID-19 response: Customer
relief measures, added personal days and
wellness benefits for employees. Committed $15
million to support communities most at-risk,
including ongoing support of hospitals and
healthcare professionals
Social Initiatives: Signed the BlackNorth Initiative
CEO Pledge, UN Women's Empowerment
Principles and UN LGBTI Codes for Business
Conduct
Women's Initiatives: $3 billion in funding
committed over the first three years of The
Scotiabank Women Initiative TM to advance
women-led businesses in Canada
Philanthropy: $100 million invested as part of
our global philanthropy program
United Nations
.
•
.
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CUN CDP TCFD
Global Compact WOMEN
DRIVING SUSTAINABLE ECONOMIES
Top 1% of global financial institutions for
Corporate Governance in Dow Jones
Sustainability Index
46% of our directors are female. We first
established a Board diversity policy in 2013
Separate CEO and Chair roles since 2004.
Appointed third independent Chair in 2019
Board focus on cybersecurity, anti-money
laundering, conduct and culture issues, keeping
the Bank safe
Best Bank in North America for Innovation in
Digital Banking by The Banker Magazine
TASK FORCE ON
CLIMATE-RELATED
FINANCIAL
DISCLOSURES
EQUATOR
PRINCIPLES
PRI
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