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Scotiabank is Canada’s most international bank with a presence in thousands of communities across Canada and around the globe. Wherever Scotiabank does business, we are committed to active community involvement and locally-targeted charitable giving. In 2007, Scotiabank contributed more than $43 million to community causes around the globe to support organizations and unique projects that make a difference in many lives.
We focus on local initiatives, usually in the areas of education, health, social service and arts and culture, because it helps us ensure that we are making a positive contribution and a meaningful difference in the community. Our employees are at the heart of our community involvement initiative, and we support their hands-on efforts in fundraising, volunteerism and outreach through a variety of formal employee community programs.
How we allocate our contributions
The majority of our community contributions (approximately $28 million) are centrally administered by our corporate donations and sponsorships group, and these funds are directed to focus areas, shown below, in which we believe we can have a meaningful, direct impact on local communities. In addition, roughly $7 million was spent by our branches and departments to support a wide range of community initiatives.
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