On the World Around us
Responsibility & impact on the world around us
As a leading Bank in the Americas, we recognize that we have an impact on the world around us. We use our influence, knowledge and our partnerships to help address large-scale issues that face our communities and the world at large – advancing greater economic, social and environmental progress for all.
What follows are a few examples of how we are creating impact on the world around us.
Investing in Communities through ScotiaRISE
Healthy, resilient communities are an essential part of a strong economic and social fabric. When communities thrive, individuals, families and businesses – including ours – are better positioned for sustained success.
ScotiaRISE is Scotiabank’s commitment to invest $500 million by 2030 to advance economic resilience in the communities across our global footprint. We leverage impactful community partnerships and programs focused on removing barriers to advancement and increasing access to opportunities. By increasing high school graduation and post-secondary participation, helping newcomers feel at home faster and removing barriers to career advancement for disadvantaged groups, ScotiaRISE is helping communities and our Bank better prepare for every future.
The Global Conversation on Climate Change
Climate change is affecting communities, natural systems and economies around the world. Achieving the goals outlined by the Paris Agreement and advancing economic resilience to climate change will require extensive collaboration between governments, businesses and the financial community.
To facilitate internal and external collaboration, promote information sharing and participate in the global dialogue about climate change, we established the Scotiabank Climate Change Centre of Excellence as part of our Climate Commitments. By hosting conferences, workshops and roundtable events, and publishing research and white papers we intend to contribute to the global dialogue on climate change and encourage collaboration and action.
Scotiabank employees making an impact in our communities
One of the best aspects of Scotiabank’s culture is our collective spirit of giving back. Scotiabankers embody a generosity of spirit and continually strive to make a positive impact in the communities in which we live and work. In an effort to deepen the Bank’s commitment to our clients, partners and communities, we recently introduced Spark, our new community engagement platform, where Scotiabankers across our footprint can engage in a variety of volunteer opportunities, ways to give, and corporate matching efforts. By aligning our community investment efforts to the causes which matter most to our employees, we strengthen our collective resolve in continuing to drive positive social change now, and for every future.
Respecting and Promoting Human Rights
Respect for human rights is fundamental to the way Scotiabank operates, and is part of our core values across all of our business activities. In 2016, we became the first Canadian bank to adopt its own Human Rights Statement at the highest level of our organization. This Statement, and our approach to fulfilling our commitment to respect human rights is uniquely our own.
Since then, we have continued to refine and update the Statement, as we recognize that our commitment to human rights is an evolving process.
Impact stories
Infographic: Year One of ScotiaRISE
A closer look at the impact in the first year of the Bank's initiative which aims to foster economic resilience in disadvantaged groups.
Scotiabank supports program giving newcomers, low-income youth a roadmap to success
A $900,000 donation to Pathways to Education will help more youth access the tools they need to succeed in high school and beyond.
The Scotiabank Women Initiative ups commitment to $10B to help Canadian women access capital
SWI co-chair Sloane Muldoon talks about how this additional infusion of capital will help women-led and -owned businesses and the program’s impact thus far.
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