Global Wealth Management and Banking Overview
ESG Spotlight - Retail Banking
Key focus areas
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Housing
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Green Vehicles
ESG Investing
Leadership in
ESG Education
Leadership in
ESG Funds
Leadership in
EV Incentives
Leadership in
EV Financing
Leadership in
Aboriginal Banking
Leadership in
Newcomers Banking
Recent achievements
Introduced Canada's first sustainable investing tools through Scotiabank's iTrade. Over 20,000
users interacted with the sustainable investing tool in 2020.
iTrade continues to deliver online learning modules to customers interested in learning more
about ESG issues.
Launched four ESG focused funds in 2020, the Scotia Low Carbon Funds (Global Equity, Global
Balanced, & Canadian Fixed Income) & the Dynamic Energy Evolution Fund.
These funds add to other ESG investing offerings, the ESG Equity Guided Portfolio, the Jarislowsky
Fraser Fossil Fuel Free Funds and the MD Fossil Fuel Free Funds.
Scotiabank in Mexico has offered customers since 2019 an incentivized credit plan to purchase an
electric or hybrid vehicle through CrediAuto's Green Credit Program. The program offers benefits
like a preferential interest rate and an "environmentally friendly bonus" to make cleaner-running
vehicles more accessible.
Scotiabank is a market leader in financing electric vehicles, having financed 43% of EVs in Canada
in 2020.1 Scotiabank EV units financed in Canada have grown ~800% from 2015 to 2020.
We have an exclusive relationship with Polestar as well as a semi-exclusive relationship with Tesla.
Units financed in Canada for Teslas have grown 2,650% since 2015.
Scotiabank operates 27 Aboriginal Banking Centres in Canada providing communities with our full
range of banking services.
The First Nations Leasehold program provides financing options for leasehold interests on First
Nations land being developed with residential housing.
Scotiabank's StartRightⓇ program addresses the unique banking needs of newcomers in Canada.
The Scotiabank Start RightⓇ permanent resident mortgage program and the Scotiabank
StartRightⓇ temporary resident mortgage program help facilitate newcomers' financing of home
purchases.
Represents bookings from Scotiabank subvented partners only.
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