Measuring energy consumption
The Bank measures energy consumption and determines its greenhouse gas (GHG) emissions (carbon footprint). The data is also used to identify energy-saving opportunities.
In 2007, the Bank began 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 in Chile, Mexico, Peru, Costa Rica. In 2010 El Salvador and Jamaica were added. In line with the Bank's commitment to increase international reporting, this year's data includes information from the Dominican Republic and Trinidad and Tobago for the first time. Along with Canada, Scotiabank's reporting covers more than 84% of our multinational operations.
Energy consumption charts
Energy conservation initiatives
Learn about Scotiabank's efforts to improve energy efficiency across our operations.
Canada — Energy conservation initiatives:
- In 2010, the Bank completed 15 full energy studies and 100 site visits to identify strategies to reduce utility consumption. The necessary repair and maintenance items were addressed in early 2011. In 2012, the Bank began a five-year program, visiting approximately 200 sites annually, to identify and implement repair and maintenance items to reduce energy consumption throughout the branch network.
- The Information Technology & Solutions (IT&S) Work from Home (WFH) program was piloted over the last eighteen months with 85 full-time employees working from home half the time. Employee benefits include improved work-life balance and reductions in commuting time and cost. Benefits to the Bank include workspace and utilities optimization and an estimated reduction of the Bank's carbon footprint of two metric tonnes of CO2 per employee per year.
Canada — 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.
- Scotiabank, in partnership with IBM, is "greening" the data centre facilities, which consume considerable energy, since they typically operate hundreds of servers. IBM has helped Scotiabank by "virtualizing" servers, allowing the Bank to spread systems needs among fewer, larger servers and introduce additional energy-conserving measures, including improved lighting controls, heat reclaim chillers and airstops to improve air flow. These projects have produced a total annual energy savings of 2,413.2 MWh.
- An ongoing global server virtualization program allows the Bank to spread systems needs among fewer, larger servers, optimizing utilization and reducing physical hardware and energy consumption. As of fiscal year 2012 this program has virtualized 4,650 servers globally. This brings our global server virtualization up to 39%. Technology continues to advance this important program throughout all countries and technology teams.
- Scotiabank, in partnership with IBM, continues to participate in additional hardware infrastructure programs, which contribute to the Bank's overall power reduction. These programs increase the capacity delivered by various hardware equipment without expanding the physical footprint or electrical draw, reducing total power consumption.
- The Bank decommissioned many of its 32-bit servers used across the branch network and replaced them with 64-bit servers, which handle larger amounts of information more effectively, while also being more energy efficient.
- All Canadian retail branch workstations, with the exception of special locations, such as Central Accounting Units (CAUs) and Dealer Finance Centers (DFCs), are being placed into standby mode from 11 p.m. to 4:30 a.m. EST. The Bank is able to remotely turn power management off or on for branches, when required. Since January 2012, the estimated total power savings is CAD$35 thousand. This figure is based on how many kilowatt hours are saved in each region multiplied by the estimated hydro rate for that region. Capturing metrics and advancing our Green Information Technology (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. We have made great strides and continue to more effectively identify how the smallest changes to our technical asset base can have a positive effect on our environment and how, through diligence, innovation and education, we will continue to increase these benefits each year.
International — General energy consumption initiatives:
- Scotiabank is rolling out its energy tracking system throughout its international portfolio, including Mexico, Chile, Peru and Costa Rica. In 2012, Trinidad and Tobago and the Dominican Republic were added to the totals.
- In Costa Rica, the Banco Verde program helps educate employees in reducing their environmental impact, including their use of energy.
- In Peru, Scotiabank has been working on campaigns to promote environmental action across the organization by creating informational material and posters. These range from recycling information to promoting the use of reusable coffee mugs.
- During 2012, Scotiabank's Real Estate department in El Salvador began reviewing monthly energy consumption data for various different units across the Bank and implementing metrics that would help reduce the consumption of energy, for example, turning off signs at night, turning off the air conditioning units and promoting the use of more energy-efficient equipment.
International — IT-specific energy conservation initiatives:
Capturing metrics and advancing the Green Information Technology (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 we continue 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.
The following are some examples:
- The Bank continues to expand its video conferencing capabilities with 181 facilities now installed in 26 countries. Video conferencing increases productivity and saves money, as well as harmful greenhouse gas (GHG) emissions from air travel. During 2012, Bank employees participated in over 3,300 scheduled video conferencing meetings and 13,000 ad hoc calls, enabling the Bank to avoid a significant amount of business air travel while reducing our impact on the environment.
- The deployment of Microsoft Lync as a unified communications strategy has expanded its reach to over 3,500 Scotiabank employees. This tool provides users with a single interface that combines voice communications, instant messaging (IM), as well as audio, video and desktop sharing regardless of geographic location. Since December 2011, CAD$636,000 have been realized in call and conference call savings through Lync, with CAD$260,000 in long-distance cost savings. The video conferencing capabilities provided by this tool have reduced costs by CAD$386,000. Scotiabank continues to deploy this technology in North America, Mexico, Latin America, Caribbean and Asia Pacific.
- In the Caribbean, the Bank has recently replaced most of its ABMs with new, more sophisticated and environmentally friendly models that have faster processing speeds, enhanced security features, and thermal vs. ink printers. These ABMs require less energy to run and will reduce greenhouse gas emissions by at least 15% over five years.
- Scotiabank Costa Rica created a system to measure the Bank's impact of the use of electricity, paper and ink on the environment. With this measurement system in place, the Bank can take action to reduce energy use and paper consumption. Seen as a best practice, the Bank is looking to expand this measurement system to Scotiabank El Salvador.