Corporate Sustainability


We are here for every future. A future where our customers and employees have opportunities to reach their fullest potential, and communities and the natural world are healthy and vibrant.

Highlights for 2019

Announced our commitment to mobilize $100 billion by 2025 to reduce the impacts of climate change.

Issued inaugural USD 500 million Green Bond of which proceeds were used to fund renewable energy, clean transportation and green buildings.

Reduced our greenhouse gas emissions by 17% from a 2016 baseline, achieving our target of 10% early; established a new target of 25% by 2025

Invested nearly $100 million globally in communities where we operate as part of our global philanthropy program.

Committed $3 billion in funding over the first three years of The Scotiabank Women Initiative to advance women-led businesses in Canada.

Signed the UN Women’s Empowerment Principles and UN LGBTI Codes for Business Conduct.

For the second consecutive year, ranked by the Dow Jones Sustainability Index as among the top 1% of global financial institutions for Corporate Governance.

38% of our directors are female. We first established a Board diversity policy in 2013.

Dedicated significant Board time to cybersecurity, anti-money laundering, conduct and culture issues, keeping the Bank safe.

Focus Areas

Trust

Building and enhancing trust by acting with integrity in everything that we do.

Learn More, Trust
Climate Change

Supporting the transition to a low-carbon economy.

 

Learn More, Climate Change
Economic Inclusion

Enabling economic inclusion for our customers and employees.
 

Learn More, Economic Inclusion
Young People

Supporting young people in the community with resources to share their future.

Learn More, Young People

Commitment to Corporate Sustainability

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

CPCL
CDP
TCFD
equator
PRI
CDP
finance

*Scotia Global Asset Management, MD Financial Management and Jarislowsky, Fraser Limited are signatories of PRI

Endorser of the UN LGBTI (lesbian, gay, bisexual, transgender and intersex) Standards for Business and Signatory to the UN Women’s Empowerment Principles

At Scotiabank, respect for human rights is fundamental to the way we do business, and is part of our core values across all of our business activities and operations. Consistent with that commitment, we are proud to be an endorser of the UN LGBTI (lesbian, gay, bisexual, transgender and intersex) Standards for Business and signatory to the UN Women’s Empowerment Principles

Sustainability Awards and Recognition

Scotiabank is proud to have been recognized for our strong ESG performance through awards, inclusion on global indices, and other recognitions. Internationally, these include:

Dow Jones
TCFD
Top 10
World's best workplaces 2018
Euronext
Euronext
Euronext
Latinfinance

Featured Stories

Scotiabank Supports Access to Finance for Survivors of Human Trafficking

Scotiabank is the first bank to design, implement and successfully pilot the Liechtenstein Initiative’s Financial Access Project.

Read more, Scotiabank Supports Access to Finance for Survivors of Human Trafficking
Scotiabank’s Internal Carbon Price

We implemented an internal carbon price of CAD$15 per tonne of CO2.

Read more, Scotiabank’s Internal Carbon Price
The Price of Equality

Scotiabank Peru carried out a campaign called The Price of Equality to address the gender wage gap in Peru.

Read more, The Price of Equality
Scotiabank invests $15 million to help provide young people in the GTA a strong start.

United Way Greater Toronto announced a $15-million investment from Scotiabank to help young people.

Read more, Scotiabank invests $15 million to help provide young people in the GTA a strong start.