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

Climate change is one of the most pressing issues of our time, and urgent action is needed to mitigate and adapt to its impacts. Scotiabank focuses on three goals:

  • Financing climate solutions by providing climate-related financing to clients in all sectors, including certain carbon intensive sectors.
  • Advancing to net-zero by working with clients to achieve net-zero financed emissions by 2050.
  • And reducing our own emissions.

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.

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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