Measuring Energy Consumption

The Bank measures energy consumption and determines its greenhouse gas (GHG) emissions (carbon footprint). This data is also used to identify energy-saving opportunities.

Since 2007, the Bank has been reporting its energy usage within Canadian operations (see charts below). In 2009, the Bank began working with international locations to identify and implement local energy-tracking systems and now, in 2013, this data includes Chile, Costa Rica, Dominican Republic ,El Salvador, Jamaica, Mexico, Trinidad and Tobago, Peru, and, for the first time, Puerto Rico. Scotiabankʼs reporting now covers more than 86% of our global operations.

Energy Conservation Initiatives

Scotiabank makes efforts across its operations to improve energy efficiency.

Canada — General Energy Conservation Initiatives

  • As the result of a 2010 energy study, Scotiabank implemented a five-year program, known as The Handyman Initiative, visiting approximately 200 sites annually across Canada, to identify and implement repairs and maintenance work to reduce energy consumption throughout the branch network. Through the program, the Bank undertakes ongoing maintenance of such items as window seals, caulking, weather stripping, and insulation of hot water pipes, all of which contribute to the overall operating efficiency of the network.

  • The Information Technology & Solutions (IT&S) Work from Home program has 138 full-time employees working from home half the time, a 62% participation rate increase since 2012. Employee benefits include improved work–life balance and reductions in commuting times and costs. Benefits to the Bank include workspace and utilities optimization and an estimated carbon footprint reduction of two tonnes of CO2 per employee per year.

  • The Bank is currently piloting a remote monitoring initiative in five branches across Ontario, allowing lighting, signage, security and HVAC systems to be remotely controlled from a centralized location.

Canada — Information Technology (IT) Specific Energy Conservation Initiatives

  • Scotiabank has started to build energy reports and define appropriate metrics related to the usage of IT assets across the country. This reporting will lead to power-consumption measurements on a device-by-device basis.

  • In partnership with IBM, Scotiabank continues to make its data centre facilities environmentally friendlier. These facilities consume considerable energy through the operation’s thousands of servers and related infrastructure. IBM has helped Scotiabank achieve measurable improvements through energy conservation initiatives such as server virtualization, improved lighting and air conditioner controls, heat reclaim chillers and air stops to improve air flow.

  • Also with IBM, Scotiabank participates in additional hardware infrastructure programs that contribute to the Bankʼs overall power reduction. These programs increase the capacity delivered by various hardware equipment without expanding the physical footprint or electrical draw, resulting in reduced total power consumption.

  • An ongoing global server virtualization program allows the Bank to spread systems needs among fewer, larger servers, which optimizes usage and reduces physical hardware and energy consumption. In 2013, the Bank increased the number of virtual servers by almost 2,000, bringing the global total to 6,520 servers or 79%, a 40% improvement over 2012. Scotiabank’s Global Technology Services team continues to advance this important program throughout all countries.

  • With the exception of locations that offer extended hours of service to our customers, all Canadian retail branch workstations are placed into an energy conservative standby mode from 11 p.m. to 4:30 a.m. EST. Through more advanced management capabilities focused on optimizing energy consumption and other considerations, the Bank’s operations team is able to remotely manage power use during off-hours in our branches. Total estimated savings in 2013 was over CAD $62,000 based on reduced consumption at local hydro rates.

International — General Energy Consumption Initiatives

  • In Costa Rica, the Banco Verde program continues to help educate employees in reducing their environmental impact, including their use of energy.

  • Scotiabank in Peru installed water conservation devices for toilets in branches nationwide; introduced Ecodato, an environmental newsletter to promote environmental action and awareness across the organization; and, acquired carbon offsets within the REDD scheme (Reducing Emissions from Deforestation and Forest Degradation in Developing Countries) in the Madre de Dios zone in Peru to neutralize its carbon footprint.  Scotiabank Peru was carbon neutral from 2009 to 2011 and is currently evaluating a new purchase to neutralize 2012 and 2013

  • A Scotiabank environmental awareness campaign in Chile, called VIVE, provides ongoing employee communications about energy consumption and its environmental impact, which has led to energy consumption reduction of 1.27% in 2013 (compared to 2012).

  • Scotiabank in Trinidad and Tobago now provides employees with containers for water and hot drinks in order to discourage purchase of these beverages in containers that contribute waste to landfills. Similarly, branches in the Cayman Islands have eliminated the use of foam cups in their branches.

  • Scotiabankʼs Real Estate department in El Salvador continues to review monthly energy consumption data across various business units within the Bank, and to implement metrics and initiatives that help reduce the consumption of energy, such as turning off signs at night, turning off the air conditioning units and promoting the use of more energy-efficient equipment. Over the next three years, air conditioners will be replaced with more efficient equipment and centralized controls.

International — Information Technology (IT) Specific Energy Conservation Initiatives

Capturing metrics and advancing the Green Information Technology (Green IT) programs in each country remains an important initiative for the Bank, with established programs and reporting in a growing number of IT support teams and countries. Much progress has been made as the Bank continues to identify how small changes to the technical asset base can have a positive effect on the environment and how, through diligence, innovation and education, these benefits will increase each year. Here are some examples:

  • The Bank continues to expand its video conferencing capabilities, with 200 facilities now installed in 26 countries. Video conferencing increases productivity and saves money, and also reduces harmful GHG emissions from air travel. During 2013, employees participated in over 3,800 scheduled video conferencing meetings and 10,000 ad hoc calls, enabling the Bank to avoid a significant amount of business air travel while reducing the impact on the environment.

  • The deployment of Microsoft Lync as a unified communications strategy expanded its reach to over 8,000 employees globally in 2013. Since December 2011, over CAD$4.2 million in call and conference call savings has been realized through Lync, with CAD$925,210 in long-distance cost savings. The video conferencing capabilities provided by this tool have further reduced costs by over CAD$3 million.

  • In the Caribbean, the Bank has recently replaced most of its ABMs with new, more sophisticated and environmentally friendly models with faster processing speeds, enhanced security features, and thermal vs. ink printers. These ABMs require less energy to run and will reduce GHG emissions by at least 15% over a five-year period.