Climate Change Centre of Excellence
Climate change is one of the most pressing issues of our time. This website aims to contribute to the global dialogue, and to help build a better world for every future.
Becoming a net-zero bank by 2050
Scotiabank intends to become a net-zero bank by 2050 and to help drive a net-zero future in the countries and communities where we operate.
As part of this, Scotiabank has committed to:
- achieving net-zero emissions in our global operations by 2030
- mobilizing $350 billion CAD for climate-related finance by 2030 and working with our clients across key sectors to support and finance their decarbonization efforts
- setting and continuing to develop targets to achieve net-zero financed emissions by 2050 consistent with our membership in the UN-convened Net-Zero Banking Alliance
- contributing $25 million (including our $10 million Net-Zero Research Fund) by 2030 to help advance research and technology development
Our $10 Million Net-Zero Research Fund provides grants to leading think-tanks and academic institutions that are supporting key sectors in their efforts to decarbonize.
Please see below for the 2023 winners of Net-Zero Research Funds.
If you are interested in being on our email list for the 2024 call for submissions, please send an email to firstname.lastname@example.org