ESG Strategy
Scotiabank's ESG Approach
Scotiabank’s approach to Environmental, Social, and Governance (ESG) focuses on four pillars — Environmental Action, Economic Resilience, Inclusive Society and Leadership & Governance. We develop, implement and invest in initiatives across these pillars in order to maximize our positive impact on the world.
Our impact in these areas is greatest when we take action at three different levels — In our Operations, With our Customers, and On the World Around Us. We have the most control and ability to drive positive change in our operations. We also support and enable positive ESG outcomes with our customers through our core business: delivering important financial products, services and advice that help them achieve their goals. And we affect progress on the world around us by using our partnerships and influence to address global concerns that affect everyone.
Our diversified geographic footprint, varied business lines, and large customer and employee base give us a responsibility and an opportunity: we can help address important social, environmental, and economic challenges while positioning our Bank for success. By working with stakeholders at all levels across our entire value chain, we are best positioned to build a better future.
Responsibility & impact

Environmental action
Enabling sustainable development and the transition to a low-carbon economy.
Urgent environmental action is needed to protect the planet’s future. As a global financial institution, we believe that long-term economic growth must co-exist with strong environmental action. We demonstrate our commitment to sustainable development and the transition to a low-carbon economy by reducing our own environmental footprint, financing sustainable solutions, and sharing knowledge and helping drive the global conversation about climate change. By leveraging our influence to uphold the health of our planet, we lay strong foundations that will endure for decades to come.
In Our Operations
Examples of Environmental Action from inside our own operation:
Internal Carbon Price
GHG Emissions Reduction
LEED building Certification
Read our operations examples here
With Our Customers
Examples of Environmental Action in our business relationships with customers:
Mobilizing $350 Billion Climate Commitment
ESG Equity Research
Environmental Risk Management in Lending
On the World Around Us
Example of how we are using our influence to advance Environmental Action on the World Around Us:
Climate Change Centre of Excellence
Scotiabank Environmental Policy
Participation in CSA Transition Taxonomy development
Consultation with IFRS on Sustainability Reporting (via CBA)
Impact stories

Meigan Terry believes in purpose-led work — here’s how she’s leading Scotiabank’s major social impact programs
Meigan Terry believes in purpose-led work — here’s how she’s leading Scotiabank’s major social impact programs

Sustainable finance is accelerating in Latin America
Issuers across Latin America are on track to benefit from this growing market and support the region’s environmental and social development.

One year in and ScotiaRISE is already making an impact in times of need
A look at how Scotiabank realigned its commitment to support economic resilience in disadvantaged communities and drove impact through its partnerships
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