TORONTO, Feb. 5, 2018 /CNW/ - Scotiabank today proudly announced its support of the Financial Stability Board (FSB) Task Force on Climate-related Financial Disclosures (TCFD).

"As Canada's international bank, Scotiabank has witnessed first-hand the devastating effects of natural disasters such as wildfires, floods, earthquakes and hurricanes in communities in which the bank operates around the globe," said Brian Porter, President and CEO of Scotiabank. "Assessing and managing climate-related risks and opportunities are critical to our long-term operations and business success.  We are proud to be part of a global movement moving towards a low-carbon economy and we support the voluntary recommendations on climate disclosure, as set out by the TCFD."

Scotiabank strives to be transparent with stakeholders on communicating initiatives and progress on efforts to address climate change risk, and is committed to continuous enhancement of environmental, social and governance disclosure. Scotiabank annually responds to CDP (Carbon Disclosure Project) and reports Environmental progress in its annual Corporate Social Responsibility report on www.scotiabank.com/csr.

About Scotiabank
Scotiabank is Canada's international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and Asia-Pacific. We are dedicated to helping our 24 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 88,000 employees and assets of over $915 billion (as at October 31, 2017), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on Twitter @Scotiabank.

About CSR at Scotiabank
Scotiabank believes that every customer has the right to become better off. When customers succeed, businesses, communities, and entire societies benefit as well. Through our CSR strategy, Better Future, Better Off, we seek to create economic, social and environmental value that benefits every customer. Through our five commitments to Customers, Employees, Communities, the Environment and strong Corporate Governance practices, we aim to create a better future for both society and Scotiabank. For more information on our priorities and the impact we have made, please visit www.scotiabank.com/csr.

SOURCE Scotiabank