TORONTO, March 28, 2019 /CNW/ - Scotiabank's 2018
Sustainable Business Report, is now available online and includes
the Bank's new strategy on Sustainable Business focusing on four
core priorities where the Bank can help make the biggest impact:
Trust, Climate Change, Economic Inclusion and Young
People.
"We are very proud to launch the Bank's new Sustainable Business
Strategy," says Scotiabank's President and CEO Brian Porter. "Our Strategy is focused on the
four areas – Trust, Economic Inclusion, Young People and Climate
Change – where we believe we can make a significant and positive
impact across our footprint. We are confident that our refocused
Strategy will benefit our customers, communities and society, over
the longer-term."
Highlights found in the 2018
report include:
Trust - Building and enhancing trust by acting
with integrity in everything that we do.
- Scotiabank was the only Canadian Bank to be recognized on the
2018 global Top 25 World's Best Workplaces list.
- Recognized as the global 'Industry Mover' by RobecoSAM for Dow
Jones Sustainability Index North America inclusion in 2018, and
highest year-over-year point gain across our industry.
Economic Inclusion - Enabling economic inclusion for
our customers and employees.
- Recognized by Thomson Reuters 2018 Diversity & Inclusion
Index and the 2019 Bloomberg Gender Equality Index for our work on
Diversity & Inclusion
- We launched the Scotiabank Women Initiative to advance
women-led businesses in Canada
through access to capital, education and membership.
Climate Change - Supporting the transition to a
low-carbon economy.
- Provided more than $8.5 billion
in financing in 2018 to the renewable energy sector, an increase
from $4.7 billion in 2017.
- Scotiabank has started to implement the recommendations from
the Task Force for Climate-Related Financial Disclosures (TCFD),
and a full report on our work can be found in the 2018 Annual
Report and 2018 Sustainable Business Report.
Young People - Supporting young people in
the community with resources to shape their future.
- In 2018, Scotiabank contributed more than $80 million to help our communities around the
world, through donations, sponsorships and other forms of
assistance, with a focus on supporting organizations that are
committed to helping young people reach their infinite
potential.
Scotiabank utilized the Global Reporting Initiative (GRI)
Standards framework, fulfilling the requirements of a Core report.
Scotiabank also published a 2018 Public Accountability Statement as
required by the Financial Consumer Agency of Canada. In 2018 Scotiabank evolved its
Corporate Social Responsibility strategy to Sustainable Business.
The 2018 Sustainable Business Report highlights the important work
the Bank is doing in the areas of Trust, Climate Change, Economic
Inclusion and in support of Young People.
To view Scotiabank's full 2018 Sustainable Business report,
please visit: www.scotiabank.com/sustainability.
About Scotiabank
Financial services support economic progress, allow people to
pursue ambitions and create more widespread future opportunities.
Scotiabank will deliver on this through our focus on Sustainable
Business. By paying careful attention to the areas where we feel we
can have the biggest impact, we create economic, social and
environmental value for our customers, employees, communities and
our planet, while also delivering returns for our shareholders.
Scotiabank's Sustainable Business strategy highlights four areas
where the Bank can make the biggest difference: Trust, Climate
Change, Economic Inclusion and Young People. To read more about our
Sustainable Business strategy visit
www.scotiabank.com/sustainability.
Scotiabank is Canada's
international bank and a leading financial services provider in the
Americas. We are dedicated to helping our more than 25 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 98,000
employees and assets of over $1
trillion (as at January 31,
2019), Scotiabank trades on the Toronto Stock Exchange (TSX:
BNS) and New York Stock Exchange (NYSE: BNS). For more information,
please visit www.scotiabank.com and follow us on Twitter
@ScotiabankViews.
SOURCE Scotiabank