Q1 2023 Financial Results

• ESG Highlights • • . • Environment Mobilized $96 billion since November 1, 2018, towards our target of $350 billion in climate- related finance by 2030. Outlined the efforts undertaken in addressing our net-zero objectives and the Bank's net-zero transition plan activities. Achieved 29% reduction of Scope 1 and 2 greenhouse gas (GHG) emissions in our own operations (from 2016 levels) against our target of 35% reduction by 2030. $35.3 billion of sustainable finance activity, including green, social, sustainability and sustainability-linked bonds, loans and M&A advisory services. Invested $73.5 million since 2018 in initiatives to reduce energy consumption and improve energy efficiency across the Bank's footprint. • • Social Contributed $91 million to communities through donations, community sponsorships, employee volunteering and other community investments. $60 million of our community spend was distributed through Scotia RISE in the first two years across 200 organizations globally to support economic resilience, progressing towards our goal of $500 million over 10 years. Scotiabank ranked one of the top 25 World's Best Workplaces by Great Place to Work® - the only Bank and the only Canadian headquartered company to make the list. Introduced a new goal to increase representation in Canada of employees who identify as lesbian, gay, bisexual or another diverse sexual orientation to 7% or greater by 2025. Deployed $5.6 billion in capital through The Scotiabank Women InitiativeⓇ in Canada and expanded the program to Jamaica, Costa Rica and Chile. Governance Employee engagement continues to be strong at 87%, ahead of financial sector industry averages. Ninety-two percent of employees report they take pride in working for Scotiabank. Enhanced our enterprise-wide Risk Management Framework, expanding our principal risk definition from environmental risk to ESG risk and established an ESG performance metric as a risk appetite metric. Linked ESG performance, including progress on our climate commitments, to all Bank performance pay. Recognized for Outstanding Global Leadership in Sustainability Transparency by Global Finance for the second year in a row. Launched our Ethics Assistant - Trusted Al tool to enhance the Bank's investments in data and analytics related to new Al and machine learning projects, and published our Data Ethics Principles. Q1 2023 Scotiabank hosted the second annual Affordable Housing Summit to bring together leading experts in the fields of public sector, builders, corporations, and other key stakeholders, to share ideas on how to solve the housing affordability crisis in Canada The Banker magazine names Scotiabank Canada's Bank of the Year and gives global recognition to Scotia RISE with the 2022 Banking in the Community Award Scotiabank included in 2023 Bloomberg Gender-Equality Index for sixth consecutive year 20 $2 NET-ZERO 2022 ESG Report, including Net-Zero Pathways (to be released March 2023) 2021 Inaugural Net-Zero Pathways Report MSCI ESG RATINGS AAA II Bloomberg Gender-Equality Index CCC B BB BBB A AA AAA 2022 CDP DRIVING SUSTAINABLE ECONOMIES B Rating Bombank Sustainability Yearbook Member S&P Global ESG Score 2022 76/100 Pan stad w STATE S&P Global Sustainable 1 Corporate ESG Performance Prime RATED BY ISS ESG▷ 18

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