TORONTO, March 24,
2023 /CNW/ - Scotiabank is pleased to announce it has
been included on The Globe and Mail's 2023 Report on Business
magazine's Women Lead Here list. This annual editorial benchmark
identifies top-notch Canadian businesses with the highest executive
gender diversity.
This benchmark was established in 2020 by Report on Business
magazine and applies a proprietary research methodology to
determine Canadian corporations with the highest degree of gender
diversity among executive ranks. The ranking companies have made
tangible and organizational progress related to executive gender
parity.
"At Scotiabank, we are committed to removing barriers,
increasing opportunities and improving representation for all
women. We are proud to be recognized for our gender diversity on
the Women Lead Here list for the third consecutive year," says
Barb Mason, Group Head and Chief
Human Resources Officer, Scotiabank. "Women represent more than 54
per cent of our global workforce, and by incorporating initiatives
across our Bank including inclusive hiring practices, pay equity,
market leading and flexible benefits, and more rigour around
succession planning to ensure our talent pools are more diverse, we
will continue to reduce barriers, creating a workplace culture
where everyone feels empowered to reach their fullest
potential."
"Recognizing businesses that are successfully tackling issues
around executive gender parity is a crucial step in moving the
dial," says Dawn Calleja, editor of
Report on Business magazine. "While more work is needed across the
board, the companies highlighted in this list are examples to
others in corporate Canada looking
to move toward gender parity and, ultimately, build better
businesses."
For the 2023 ranking, Report on Business conducted a
journalistic analysis of approximately 500 large publicly-traded
Canadian companies based on revenue, evaluating the ratio of
female-identifying to male-identifying executives in the top three
tiers of executive leadership. The resultant data was applied to a
weighted formula that also factored in company performance,
diversity and year-to-year change.
In total, 90 companies earned the 2023 Women Lead Here seal,
with a combined average of 46% of executive roles held by
female-identifying individuals.
The 2023 Women Lead Here list is in the April 2023 issue of Report on Business magazine,
distributed with The Globe and Mail on Saturday March 25th, 2023 and online
at tgam.ca/WomenLeadHere
About Scotiabank
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.
About The Globe and Mail
The Globe and Mail is Canada's
foremost news media company, leading the national discussion and
causing policy change through brave and independent journalism
since 1844. With our award-winning coverage of business, politics
and national affairs, The Globe and Mail newspaper reaches 6.1
million readers every week in our print or digital formats, and
Report on Business magazine reaches 2.5 million readers in print
and digital every issue. Our investment in innovative data science
means that as the world continues to change, so does The Globe. The
Globe and Mail is owned by Woodbridge, the investment arm of the Thomson
family.
SOURCE Scotiabank