Climate Action and Net-Zero

Climate Action and Net-Zero

Climate change is one of the most pressing issues of our time, requiring global mobilization, collaboration and action. The pathway to a net-zero future is narrow. If we are to succeed, it will require every one of us to play a role. Through our Climate Commitments and net-zero plan, we are focused on actions towards a lower-carbon economy.

Efforts to address climate change will require significant mobilization of climate-related finance from public and private sources worldwide. We are here to support our clients as they navigate the transition to a low-carbon economy. 

Becoming a Net-Zero Bank

Scotiabank is committed to become a net-zero bank in our operational and financed emissions by 2050. Our approach to financed emissions targets is outlined in our Net-Zero Pathways report. Scotiabank has:

Net-Zero Targets

Own Operations

 

Reduce Scope 1 + 2 GHG emissions 35% and net-zero by 2030.

Sector Target

 

2030 targets set for Oil & Gas, Power & Utilities & auto sector, with more to come.

Net-Zero Bank

 

Become net-zero in operations and financed emissions by 2050.

Our Climate Commitments

We believe we have a key role to play in the transition to a net-zero future and that is why we have made the following climate commitments:

Impact Stories

How banks and institutional investment funds are driving the road to net-zero

Fanncy Doucet, Head of Sustainable Finance, shares her insights on meeting climate targets, achieving investment returns and satisfying stakeholder needs.

On Earth Day, one scientist makes the case for hope

With advances in renewable energy, new economic drivers and shifting social attitudes, climate change solutions are within reach, says Dr. Thomas Wagne.

Mexican NGO looks to slow the loss of coral reefs

A grant from Scotiabank’s Net Zero Research Fund is helping Reef Aquaculture Conservancy conserve and restore the Mesoamerican reef system.

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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