Canadian Banking and Residential Mortgages Overview

1 • • ESG Highlights Environmental Mobilized $58 billion¹ since November 1, 2018, toward our commitment of $100 billion by 2025 to reduce the impacts of climate change Joined the United-Nations-convened Net-Zero Banking Alliance (NZBA), to accelerate efforts of the financial sector globally to address climate change Our pathways to net-zero project with interim targets and timelines is largely complete and will be released shortly Established a $10 million Net Zero Research Fund to advance research supporting global decarbonization. Granted $1 million to ten organisations for 2021 Our operations will be carbon neutral by 2030 Joined Circular Economy Leadership Canada Updated Bank-wide policies and statements restricting direct financing or advisory services related to exploration, development or production of oil and gas within the Arctic Circle, and will not finance standalone projects for thermal coal mining or coal-fired power CDP DRIVING SUSTAINABLE ECONOMIES As at October 31, 2021. EQUATOR PRINCIPLES UN environment programme finance initiative • • Social Issued the largest Sustainability Bond by a Canadian Financial or Corporate to date, a USD$1 billion 3-year bond to fund green and social assets, including the advancement of women-led businesses Committed $10 billion over 10 years to support Canada Mortgage and Housing Corporation's Affordable Housing Strategy through sustainable finance and community investment solutions Celebrated the third successful year of the Scotiabank Women Initiative, which has deployed over $3 billion in capital to women-owned and women-led businesses in Canada since its launch in 2018 Supported more than 200 organizations in the first year of Scotia RISE, a 10-year, $500 million initiative to promote economic resilience among disadvantaged groups Introduced a training module titled Building Indigenous Cultural Competency to help employees better understand and serve our Indigenous customers in Canada 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 PRI RATED BY ISS ESG▷ 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 to improve its alignment with best practice and the UN Guiding Principles Reporting Framework A corporate ESG committee, ultimately reporting to the Board, oversees the Bank's ESG strategy implementation In 2021, an ESG Update by Senior Management was added as a standing item to the Board agenda Guided by the principles of our data ethics program, implemented an internal assessment tool to ensure the use of data in projects adheres to high standards for acceptable use Supported the groundbreaking work of Project Shadow and Project Umbra to improve financial intelligence to combat human trafficking and online exploitation. Recognized for Outstanding Leadership in Sustainability Transparency by the Global Finance Sustainable Finance Awards Prime MSCI ESG RATINGS CCC B BB BBB AAA AA AAA Bloomberg Gender Equality Index 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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