Climate Commitments

We are mobilizing $100 billion by 2025 to reduce the impacts of climate change and are decarbonizing our operations as part of our Climate Change Strategy

Addressing Climate Change

We recognize that climate change is one of the most pressing issues of our time. It is significantly impacting natural systems and communities across the globe and poses a significant risk to the global economy and society as a whole – now, and for future generations. Efforts to address climate change will require significant mobilization of capital from public and private sources worldwide.

As an international financial institution, we have both the responsibility and opportunity to act, while also enabling others for every future. We are here to support our clients in navigating the transition to a low-carbon economy. We take responsibility in ensuring we are lowering our environmental footprint in our operations and ensure we are well governed. We understand that assessing and appropriately managing environmental and climate risks is critical to our clients, our long-term operations and our collective business success.

That’s why we have made the following Climate Commitments:

Our Commitments

Read Scotiabank’s full Climate Commitments

In 2019, we made five bold commitments that outline our enterprise-wide climate strategy.

Impact Stories

plant and coins

Scotiabank commits $1.25 million to the Institute of Sustainable Finance

This partnership is part of the Bank’s commitment to advancing sustainable finance in Canada and contributing to the global conversation on climate change.

plant in jar with coins

Pandemic ushers in wave of demand for COVID-related bonds

Demand for social, green bonds 'not a fad' say co-leads of new Scotiabank Sustainable Finance Group.

Hands holding lightbulb and plant

Canada’s transition angle to the Great Taxonomy Debate

Scotiabank's Director of Sustainable Finance Jason Taylor writes that the framework being designed would encourage sectors to angle toward a low-carbon economy.

Download our ESG Report

Learn how Scotiabank is working to build a more sustainable future for our stakeholders and our business.

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