Sustainable Business Strategy Overview

ESG at Scotiabank ◉ 01 SUSTAINABLE BUSINESS AT SCOTIABANK 6 Environmental $8.5 billion in loans and credit facilities to the renewable energy sector in 2018 Part of the UN Environment Program Finance Initiative pilot project addressing the Taskforce on Climate-Related Financial Disclosures (TCFD) Reporting annually to CDP since 2004 Established an internal price on carbon and on track to achieve GHG reduction target of 10% by 2021 (based on 2016) New approach to working at head office has reduced square feet per employee by 40% and expected to reduce paper use by 86% Social Launched the Scotiabank Women Initiative to advance women-led businesses through access to capital, education and mentorship 34% of VP+ roles globally are held by women $250 million commitment over 10 years to help employees adapt to the digital economy $80 million globally to support communities in which we operation in donations, sponsorships and other forms of assistance, with 70% directed towards young people in the community Governance First Canadian financial institution to establish a Corporate Governance Office in 2014, with a direct reporting line to the Chair of the Board 38% of the Board of Directors is female Published a global Human Rights Statement signed by our President and CEO in 2016, and updated in 2019 to reflect our commitment to Indigenous People's rights Ranked top 1% of global financial institutions for corporate governance by the Dow Jones Sustainability Index

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