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.

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.

Memberships, commitments and agreements

As part of our commitment to sustainability initiatives, we are supporters, signatories or members of the following:

Carbon Pricing Leadership Coalition logo
Task Force on Climate-Related Financial Disclosures
Principles for Responsible Investment
Sustainable Development Goals
CDP Disclosure Insight Action
Equator Principles
Responsible Investment Association
UNEP Finance Initiative
Caring Company Certified Imagine Canada logo
Responsible Investment Association
Caring Company Certified Imagine Canada logo
Caring Company Certified Imagine Canada logo
Responsible Investment Association
Caring Company Certified Imagine Canada logo
Caring Company Certified Imagine Canada logo
Responsible Investment Association
Caring Company Certified Imagine Canada logo
Caring Company Certified Imagine Canada logo

ESG Recognition

See more recognitions for Scotiabank on Our Awards and Accolades for Sustainable Finance

Logo for Sustainalytics, a Morningstar company
Emblem for Sustainability Yearbook Member, S&P Global ESG Score 2022, 76/100, As of February 7, 2023
Bloomberg Gender-Equity Index 2021
Member of Dow Jones Sustainability Indices  Powered by the S&P Global CSA
Refinitiv Top 100 Company 2020
FTSE4Good
FTSE4Good
FTSE4Good

Impact stories

Friendlier container opened.

How Friendlier takeout containers can help cut down on plastic waste

With Canada’s new ban on some single-use plastics, Scotiabank is implementing a pilot project for reusable takeout containers at its downtown headquarters.

Greenery in nature

Sustainable finance takes note of biodiversity risks and opportunities

Directing much-needed capital to initiatives that put our planet’s biodiversity front and centre.

ScotiaRISE logo

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.

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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