TORONTO, Dec. 14, 2022 /CNW/ - Scotiabank is pleased to announce it has been named to the Dow Jones™ Sustainability North America Index (DJSI) for the fifth consecutive year. The DJSI is considered the industry standard for measuring corporate environmental, social and governance (ESG) practices.
The DJSI is compiled annually based on S&P Global's Corporate Sustainability Assessment (CSA), which evaluates the ESG performance of participating companies over the preceding year. The DJSI North America Index recognizes the top 20% of sustainability performers among the 600 largest companies in the U.S. and Canada based on long-term economic, environmental and social criteria.
This year the Bank scored in the top 5 per cent of participating financial institutions, with perfect scores in the categories of Anti-Crime Policy & Measures and Risk & Crisis Management. Scotiabank ranked in the 99th percentile among global financial institutions in Corporate Governance and Corporate Citizenship & Philanthropy, and also received top scores in areas of Privacy Protection, Climate Strategy, and Talent Attraction and Retention.
"We are proud of Scotiabank's strong performance in this year's Dow Jones Sustainability Index," says Meigan Terry, SVP & Chief Sustainability, Social Impact, and Communications Officer at Scotiabank. "Scotiabank continues to invest in initiatives that have the greatest impact on the people and communities we serve with pride and provide support for every future. This recognition from DJSI further validates our commitment to operate at the highest ESG standards across our global footprint."
Over the past year, some of Scotiabank's corporate sustainability achievements include:
To read more about Scotiabank's sustainability strategy and Climate Commitments visit www.scotiabank.com/sustainability.
Scotiabank is a leading bank in the Americas. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success 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 over 90,000 employees and assets of over $1.3 trillion (as at October 31, 2022), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit http://www.scotiabank.com and follow us on Twitter @Scotiabank.