Annual reporting on the Bank's sustainability activities features progress updates on net-zero targets and support for community investment and economic resilience initiatives
TORONTO, March 10, 2023 /CNW/ - Today, Scotiabank released its 2022 Environment, Social and Governance (ESG) Report. Annually, the ESG report provides key updates and insights into Scotiabank's progress on its environmental, social and governance initiatives in its operations, with its customers and in communities across its footprint.
"Purpose is embedded in Scotiabank's DNA—we're here for every future, to help our customers, colleagues, shareholders, and communities thrive," said Scott Thomson, President & CEO of Scotiabank. "Through our role as a global financial services company, our position as a world-class employer, and the impactful investments that we make in the communities in which we operate, Scotiabank plays a positive and meaningful role in addressing some of the biggest challenges facing society and the world today."
"This report reflects the pivotal year we had in 2022, as we accelerated our ESG efforts across the Bank and made meaningful progress against our stated commitments," said Meigan Terry, SVP and Chief Sustainability, Social Impact and Communications Officer at Scotiabank. "We reached a number of important milestones, including launching our inaugural Net-Zero Pathways Report, ScotiaRISE Impact Report, and Allyship Summit, amongst other achievements. These accomplishments are a demonstration of the positive and meaningful impact that the Bank and our team continue to have on the world around us."
This year's report provides updates on the Bank's enhanced climate reporting, net-zero transition activities, and progress on its ScotiaRISE program, and integrates the Bank's Canadian Public Accountability Statement. Scotiabank's 2022 ESG Report demonstrates the Bank's ongoing commitment to transparency, reporting on key ESG topics across its four-pillars— Environmental Action, Economic Resilience, Inclusive Society and Leadership and Governance.
Key highlights from the report include:
Reporting on ESG topics and Scotiabank's efforts is provided through the 2022 ESG Report and companion ESG Data Pack and Indices, providing multi-year performance data in excel format and references to recognized ESG reporting frameworks. Please refer to the About This Report, Forward-Looking Statements sections and data considerations provided in the 2022 ESG Report. Visit our Responsibility & Impact page to access other sustainability-related publications, commitments and initiatives.
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 January 31, 2023), 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.