Here are some of the ways in which Scotiabank engages environmental stakeholders:
- Scotiabank is a longstanding member of the United Nations Environment Programme Finance Initiative (UNEP FI), and participates in its North American Task Force (NATF), as well as the Latin American Task Force.
- Each year, the Carbon Disclosure Project (CDP), the world’s largest investor coalition, solicits carbon disclosure data from 3,000 companies worldwide, including 200 Canadian companies. Scotiabank is a signatory of and participant in the CDP.
- Scotiabank participates in the Leadership Council of the Greening Greater Toronto Initiative of the Toronto City Summit Alliance. This group focuses on promoting the business case for commercial building energy efficiencies and disseminating best practices.
- Scotiabank in Mexico participates in and coordinates the Sustainability Committee of the Bank Association of Mexico, an association that brings together over 41 financial institutions operating in Mexico. The Sustainability Committee provides a forum for discussion and the sharing of best practices related to sustainability. This committee also produces a CSR report, which is unique to banking associations in Latin America.
- Scotiabank is a signatory to the UN Global Compact. In Canada, as well as across Latin America and the Caribbean, Scotiabank participates in local networks of the UN Global Compact to share best practices and engage in common activities around the compact’s 10 principles, many of which are environmentally focused.