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Scotiabank is a leading bank in the Americas. Please also refer to page 16 in the Bank's Annual Report and our caution regarding forward-looking statements. Scotiabank's Net-Zero Commitments include: Achieving net-zero operations by 2030, including securing 100% non-emitting electricity in Canada by 2025, and globally by 2030 Mobilizing $350 billion in capital for climate-related finance by 2030, replacing our previous goal to mobilize $100 billion by 2025 Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. ea` Enabling economic inclusion for our customers and employees. For more information, please visit http://www.scotiabank.com and follow us on Twitter @ScotiabankViews. While this goal is inherently complex, it is not impossible. The scores, announced January 20, 2020, reflect company performance from November 1, 2017 to October 31, 2018. How we choose to bank impacts the world around us, particularly in relation to environmental, social, and governance issues. change strategy: the Scotiabank Climate Commitments. Financial services support economic progress, allow people to pursue their ambitions and create widespread future opportunities. Reduced our greenhouse gas emissions by 17% from a 2016 baseline, achieving our target of 10% early; established a new target of 25% by 2025. The increase is largely in recognition of the Bank's climate change strategy launched last year which includes commitments to mobilizing capital and reducing its own operational impacts. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. Scotiabank's Climate Commitments At Scotiabank, we recognize that efforts to address climate change will require a significant mobilization of capital from public and private sources worldwide. Opinion: How do we limit the global temperature rise to 1.5 C? It is also an issue that we have and will continue to help combat. governance and oversight of climate-related issues. For a more detailed description of winner submissions, and for more information about the Fund, visit the Scotiabank Climate Change Centre of Excellence. "Banks are drivers of prosperity, partners that enable the success of businesses small and large, a critical part of the social fabric, and engines of economic growth," said Brian Porter, President & CEO Scotiabank. Dedicated significant Board time to cybersecurity, anti-money laundering, conduct and culture issues, keeping the Bank safe. In November 2019, Scotiabank formally released its climate change strategy and announced the Scotiabank Climate Commitments, which include a pledge to enhance the integration of climate change considerations into our lending, financing, and investing activities, and the Bank's operations, and further enhance risk assessment processes. We are here for every future. According to a press release from Scotiabank, this bond is aligned to eligible criteria in the Scotiabank Green Bond Framework, including renewable energy, clean transportation and green buildings. The consistent A- rating reflects the Bank's climate change strategy and Climate Commitments established to address the risks and opportunities of the changing climate and the transition to a low-carbon economy. Scotiabank is a leading bank in the Americas. Scotiabank Announces 2022 Net-Zero Research Fund Winners to Advance Low-Carbon Transition, For further information: Media inquiries contact: fiona.johnston@scotiabank.com, Scotiabank Climate Change Centre of Excellence. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. Important conversations are being had about how the global goal of a net-zero economy by 2050 can avoid the worst impacts of climate change. The Net-Zero Pathways Report builds on the Banks previously statedScotiabank Climate Commitments an enterprise-wide strategy to support the Paris Agreement on Climate Change by identifying and acting on the pathways available to the Bank to achieve net-zero emissions by 2050. The new goals were announced along with the publication of the bank's 2021 Environment, Social and Governance Report, highlighting Scotia's progress towards its ESG . Your email address will not be published. . Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Achieving our goal will take a meaningful commitment and action, which is why I have challenged our Banks senior leadership team to assess and act on the pathways available to be net zero by 2050, which must include concrete plans, interim targets, timelines and transparent reporting. Originally published on Scotiabank Newsroom. Over 2330companies have been scored by CDP according to the comprehensiveness of their disclosure and their actions towards a net-zero emissions economy, resulting in both a North American regional average and a global financial services sector average of 'C.' Global disclosure organization scores Scotiabank higher than global financial services sector average. As a Leading Bank in the Americas, we remain steadfast in our commitment to drive positive change in communities where we bank and around the world, which includes addressing climate change and supporting the transition to a low-carbon economy.. 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Building on our Climate Commitments and as part of our net-zero strategy, we are mobilizing $350 billion in climate-related finance by 2030. Scotiabanks Loretta Marcocciarecognized by Report on Business Best Executive Award, BAND helps Jamaican-born artist Owen Gordon find recognition, We use cookies & other technologies to analyze website traffic, personalize content & provide relevant advertising on other websites. This year's winners are from across Canada and Latin America and are focused on developing research in the areas of sustainable agriculture and carbon emissions measurement, capture and reduction. One of this year's winners from Latin America is Con Vida Foundation, a Colombian NGO focused on promoting sustainable, green avocado farming across the tropical Andes. The Fund was established in 2021 as part of Scotiabank's commitment to becoming a net-zero bank by 2050, including achieving net-zero operations by 2030; mobilizing $350 billionin capital for climate-related finance by 2030; and committing $25 millionover 10 years in community investments to support non-profit and charitable partnerships that As a Leading Bank in the Americas, we remain steadfast in our commitment to drive positive change in communities where we bank and around the world, which includes addressing climate change and supporting the transition to a low-carbon economy.". 0
The Bank has also established an ambitious set ofScotiabank Climate Commitments, which represent our comprehensive strategy to address climate risks and opportunities for our customers, shareholders, employees, and our operations. Read more Commitment to Corporate Sustainability Its not climate change that needs to be tackled. Scotiabank has made significant progress towards meeting its Climate Commitments since launching them in November 2019, including: Mobilizing $58 billion in capital toward our goal of mobilising $100 billion by 2025 to address the causes and impacts of climate change Scotiabank is proud to have been recognized for our strong ESG performance through awards, inclusion on global indices, and other recognitions. The Fund was established in 2021 as part of Scotiabank's commitment to becoming a net-zero bank by 2050, including achieving net-zero operations by 2030; mobilizing $350 billion in capital for climate-related finance by 2030; and committing $25 million over 10 years in community investments to support non-profit and charitable partnerships that enable systems change and decarbonization. Last week, Scotiabank announced it will support its clients in the transition to a low-carbon economy as well as decarbonize its own operations as part of its Climate Commitments. Scotiabank reports on 2021 sustainability performance, announces net-zero strategy and a commitment to mobilize $350 billion in climate related financing. In 2020, Scotiabank enhanced our lending policies to be explicit about our support for the ANWR and its protection. The full list of the 2022 winners is below. Scotiabank today released its2021 Environment, Social and Governance Report, a comprehensive review of the Banks progress against its ESG commitments according to four key pillars Environmental Action, Economic Resilience, Inclusive Society, and Leadership & Governance. Scotiabank will continue to support our clients, and their progress against their own low-carbon transition plans, by providing dedicated financing, expertise and thought-leadership. | December 18, 2022 Scotiabank has made significant progress towards meeting its Climate Commitments since launching them in November 2019, including: This latest recognition from CDP builds on Scotiabank's track record of excellence in corporate sustainability, including recent inclusion in the Dow Jones Sustainability Index North America for the fourth consecutive year. With a team of over 90,000 employees and assets of approximately $1.1 trillion (as at October 31, 2020), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). Committed $3 billion in funding over the first three years of The Scotiabank Women Initiative to advance women-led businesses in Canada. The agreement supports Scotiabank's Climate Commitments - the Bank's comprehensive approach to addressing climate change including decarbonizing its own operations and supporting clients in the transition to a low-carbon economy. 2021 ESG News Corp. All rights reserved. Staying on track to meet our target to secure 100% of electricity for our operations from non-emitting sources by 2030 on a global basis; with an interim target of 100% for Canadian operations by 2025. The Net-Zero Pathways Report builds on the Bank's previously stated Scotiabank Climate Commitments an enterprise-wide strategy to support the Paris Agreement on Climate Change by identifying and acting on the pathways available to the Bank to achieve net-zero emissions by 2050. Scotiabank reports on 2021 sustainability performance, announces net-zero strategy and a commitment to mobilize $350 billion in climate related financing TORONTO, March 15, 2022 /CNW/ - Scotiabank. 218 0 obj
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OurSustainable Finance Groupwithin our Global Banking and Markets business is a best-in-class team of experts who work with our public and private sector clients to advance climate transition and promote sustainable economic growth. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. Infrastructure Canada helps address complex challenges that Canadians face every dayranging from the rapid growth of our cities, to climate change, and environmental threats to our water and land. api}n&w&3bRS>c3"cM|S9g1g1j7`Pa+W{* 0 3?X'.v-kEa'. As well as Climate Commitments, Scotiabank also issued inaugural USD$500 million Green Bond this past summer. We provide our employees with the tools and knowledge to empower "We are also proud to have exceeded financial industry average scores in every category, including scoring an 'A' in categories of Governance, Emissions Reduction Initiatives and GHG Emissions Disclosure, which we credit to our strong internal governance processes and management approach to climate change issues.". Wenn Sie Ihre Auswahl anpassen mchten, klicken Sie auf Datenschutzeinstellungen verwalten. CDP - a not-for-profit organization known for its global disclosure system for environmental reporting - awarded Scotiabank high marks for its transparency and actions taken in the following categories: Scotiabank Peru carried out a campaign called The Price of Equality to address the gender wage gap inPeru. The recognition from CDP reaffirms that we are on the right track in managing and reporting on these important matters.". We are here for every future. All rights reserved. TORONTO, Oct. 20, 2022 /CNW/ - Scotiabank is proud to announce the 10 winners of its global 2022 Net-Zero Research Fund. Download our 2019 Environment, Social and Governance (ESG) Report to learn about how Scotiabank is working to build a more sustainable business and create a more sustainable future for our customers, employees, communities and the natural environment. Getting to the global goal of net zero will not be easy. At Scotiabank, we recognize that efforts to address climate change will require a significant mobilization of capital from public and private sources worldwide. By paying careful attention to the areas where we feel we can have the biggest impact, Scotiabank creates economic, social and environmental value for our customers, employees and communities, while also delivering returns for our shareholders. The Commitments were publicly launched in November of 2019 (early fiscal 2020) and . 2021 Environment, Social and Governance Report, Joined the United-Nations-convened Net-Zero Banking Alliance, http://www.newswire.ca/en/releases/archive/March2022/15/c6876.html, Do Not Sell My Personal Data/Privacy Policy, Achieved 25% reduction of Scope 1 and 2 GHG emissions (from 2016 levels), four years ahead of our 2025 target; on track to meet our target of 100% non-emitting electricity for Canadian operations by 2025 and 100% for our global footprint by 2030, Improved employee benefits coverage including providing gender affirmation healthcare benefits and significantly increasing coverage related to mental health, Named to Bloomberg's Gender-Equality Index and ranked in the top 20 of the Top 100 Most Diverse and Inclusive Companies by Refinitiv, Listed on the Dow Jones Sustainability Index North America for the fourth consecutive year with top marks for Corporate Governance and perfect scores for Anti-crime Policy, Environmental Reporting, and Risk & Crisis Management, Enhanced our global Human Rights Statement, improving its alignment with best practices and the UN Guiding Principles Reporting Framework, Achieving net-zero operations by 2030, including securing 100% non-emitting electricity in, Reducing Scope 1 and 2 emissions intensity of our Oil and Gas portfolio by 30% and reduce Scope 3 emissions intensity by approximately 1525% by 2030, Reduce Scope 1 and 2 emissions intensity of our Power and Utilities portfolio by 55-60%, by 2030. This score is above the Global Financial Services average, and an increase over the organization's "B" grade last year. Scotiabank reports on 2021 sustainability performance, announces net-zero strategy and a commitment to mobilize $350 billion in climate related financing TORONTO, March 15, 2022 /CNW/ - Scotiabank . Scotiabank will not provide direct financing or project-specific financial and advisory services for activities that are directly related to the exploration, development or production of oil and gas within the Arctic Circle, including the Arctic National Wildlife Refuge. Signed the UN Womens Empowerment Principles and UN LGBTI Codes for Business Conduct. Finally, Scotiabank says it is adopting a new approach to its head office in Toronto, including cutting the square feet per employee by 40 per cent and reducing paper use by 86 per cent. UN LGBTI (lesbian, gay, bisexual, transgender and intersex) Standards for Business. This is very meaningful to me and helps provide purpose showing the difference we can and have made with climate change, social impact and governance. To read more about Scotiabank's sustainability strategy and Climate Commitments visit www.scotiabank.com/sustainability. As Scotiabankers, we believe climate change is a critically important issue, impacting all people in all countries around the world. We help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. It's an honour to share this year's ESG Report, which highlights the positive and meaningful role that Scotiabank plays in addressing some of the biggest Scott Thomson on LinkedIn: Scotiabank releases its 2022 ESG Report, highlighting efforts to advance Important conversations are being had about how the global goal of a net-zero economy by 2050 can avoid the worst impacts of climate change. Invested nearly $100 million globally in communities where we operate as part of our global philanthropy program. Considered "Leadership level" for implementing current best practices, the A- score is above the Financial Services Average of B and the North American Average of C and distinguishes Scotiabank for its leadership in the evolving ESG landscape. It is also an issue that we have and will continue to help combat. Banks are drivers of prosperity, partners that enable the success of businesses small and large, a critical part of the social fabric, and engines of economic growth, saidBrian Porter, President & CEO Scotiabank. Enhance integration of climate risk assessments in lending, financing and investing activities. TORONTO, March 15, 2022 /CNW/ - Scotiabank today released its 2021 Environment, Social and Governance Report, a comprehensive review of the Bank's progress against its ESG commitments according. The bank also established an internal price on carbon in 2017 and it says it is on track to reach its greenhouse gas reduction target of 10 per cent by 2021. The CDP, a not-for-profit charity, provides a global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts. Joining the Partnership for Carbon Accounting Financials (PCAF) to support and enable the development of measurement methodologies to track and report financed emissions. "How we choose to bank impacts the world around us, particularly in relation to environmental, social, and governance issues. "Scotiabank's CDP score demonstrates that we are on the right track with our efforts to help build a sustainable economy through our climate change strategy. Required fields are marked *. "Banks are drivers of prosperity, partners that enable the success of businesses small and large, a critical part . hb```e|\ eapYEuV_RBt`tQ,
f`|>]LsN:j5@j h6nzCMYX9ks[8yhRq>m1gY- rg ox~6MG5cm6}@oWtt0Hv8"KB0TA2BhH9 - We promise to be honest, accurate, and insightful. "The Scotiabank Climate Commitments are our response to addressing this challenge, including a commitment to robust governance and transparency in disclosure. TORONTO, Jan. 24, 2020 /CNW/ - The CDP has recognized Scotiabank with a climate change score of 'B,' for its strong results in the areas of climate change governance; climate change risk management; and greenhouse gas emissions reduction initiatives. ESG-related policies 2022 ESG Report Download our 2022 Environment, Social and Governance (ESG) Report to learn how Scotiabank is working to build a more sustainable business and create a more sustainable future for our customers, employees, communities and the natural environment. The Scotiabank Climate Commitments also include a commitment to governance and transparency in disclosure, something that CDP also recognizes. document.getElementById( "ak_js_2" ).setAttribute( "value", ( new Date() ).getTime() ); @2020 Energi Media Ltd., | Covering Energys Tommorrow. This year's report provides updates on the Bank's enhanced climate reporting, net-zero activities, commitment Scotiabank's five commitments, detailed in a public position statement on the Bank's website, are: Mobilize $100 billion by 2025 to reduce the impacts of climate change. Supporting young people in the community with resources to share their future. Karen Birss on LinkedIn: Scotiabank releases its 2022 ESG Report, highlighting efforts to advance
We first established a Board diversity policy in 2013. As a Leading Bank in the Americas, we will continue to do our part to reduce the impacts of climate change and in the process build a stronger, more resilient economy for all. Scotiabank today released its 2021 Environment, Social and Governance Report, a comprehensive review of the Bank's progress against its ESG commitments according to four key pillars Environmental Action, Economic Resilience, Inclusive Society, and Leadership & Governance. Why are BP, Shell, and Exxon suddenly backing off their climate promises? According to a press release from Scotiabank, this bond is aligned to eligible criteria in the Scotiabank Green Bond Framework, including renewable energy, clean transportation and green buildings. Canadian winners include Circular Opportunity Innovation Launchpad (for research into regenerative farming practices) and Pollution Probe (supporting the first electric school bus pilot project in the City of Calgary). 2023 Benzinga.com. "Through our Net-Zero Research Fund, we are proud to support organizations across our footprint that are pioneering new and innovative approaches to tackle climate changeand look forward to seeing their future impact.". Read about the top ESG trends for 2023 and what communicators can expect. Thats why we have committed to mobilize $100 billion by 2025 to reduce the impacts of climate change. Scotiabank will continue to support our clients, and their progress against their own low-carbon transition plans, by providing dedicated financing, expertise and thought-leadership. Internationally, these include: Scotiabank is the first bank to design, implement and successfully pilot the Liechtenstein Initiatives Financial Access Project. The Scotiabank Climate Commitments also include a commitment to governance and transparency in disclosure, priorities that CDP also . With a team of approximately 90,000 employees and assets of approximately $1.2 trillion (as at January 31, 2022), Scotiabank trades on the Toronto Stock Exchange BNS and New York Stock Exchange BNS. "Scotiabank is committed to addressing climate change in our business activities and our operations, and demonstrating our commitment to customers, employees and shareholders," says Sandra Odendahl, Scotiabank's Vice President of Social Impact & Sustainability. For the second consecutive year, ranked by the Dow Jones Sustainability Index as among the top 1% of global financial institutions for Corporate Governance. For more information, please visit http://www.scotiabank.com and follow us on Twitter @ScotiabankViews. Recent policy changes have opened part of the ANWR to oil and gas exploration, and local Indigenous communities are concerned that development could threaten the fragility of the ecosystem and negatively impact their well-being. allocating proceeds from Scotiabank's inauguralUSD$500 million3.5-year Green Bond to green building and clean transportation projects as outlined in our. The Scotiabank Climate Commitments also include a commitment to governance and transparency in disclosure, something that CDP also recognizes. A message from Brian Porter, Scotiabank President and CEO. With a team of more than 100,000 employees and assets of over $1 trillion (as at October 31, 2019), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). Scotiabank's Climate Commitments also include a commitment to mobilize CDN $100 billion by 2025 to reduce the impacts of climate change. Announced our commitment to mobilize $100 billion by 2025 to reduce the impacts of climate change. CDP - a not-for-profit organization known for its global disclosure system for environmental reporting - awarded Scotiabank high marks for its transparency and actions taken in the following . , Scotiabank Supports Access to Finance for Survivors of Human Trafficking. Amplify your organizations ESG communications with unlimited distribution to a global audience, Share your brands purpose through a sponsored editorial series combining original content and distribution, Talk to our team about maximizing your ESG communications with 3BL Media, Elevate your next CSR report, event or sustainable bond in just a few clicks, Experience the latest ESG and sustainability news reported by veteran journalists, Celebrate your companys placement on this prestigious ranking, Catch up on the latest ESG news shared over 3BL Medias distribution network, We help organizations share their ESG communications with audiences around the world. We implemented an internal carbon price of CAD$15 per tonne of CO2. As data improves and advancements in emission-reducing policies, strategies and technologies are realized, the Bank will refine the interim targets and continue to report transparently on progress. Human-induced climate change dates back much further than we think: study. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); A new advisory panel will develop a long-term vision for Albertas energy future and recommend steps the province should take to ensure the industry [emphasis added] continues to thrive for decades to come. Premier Danielle. Not be easy launched in November of 2019 ( early fiscal 2020 ) and than we think study. Building and clean transportation projects as outlined in our support economic progress allow! Important conversations are being had about how the global goal of a net-zero by. Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie and. The 2022 winners is below UN LGBTI ( lesbian, gay,,! Transgender and intersex ) Standards for Business President and CEO have and will continue to combat. 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