$500 Million
commitment will further Education, Inclusion and Employment
among those who need it most
TORONTO, Jan. 12, 2021 /CNW/ - Scotiabank today
launched ScotiaRISE, a 10-year, $500
million initiative to promote economic resilience among
disadvantaged groups. Through ScotiaRISE, Scotiabank will support
programs and partner with organizations across its footprint that
provide the tools people need to improve their education and
employment prospects, adapt to changing circumstances, and increase
the likelihood of financial success.
"As a Leading Bank in the Americas, we are committed to making
investments that strengthen our communities today, and for
generations to come," says Brian
Porter, President and CEO, Scotiabank. "ScotiaRISE is
designed to give greater access to opportunities that help more
people, households, and communities across our footprint
participate more fully in the economy."
To help foster economic resilience, ScotiaRISE will invest in
three important focus areas across the geographies where Scotiabank
operates:
- Education: Increase high school graduation rates
and post-secondary enrollment, in order to increase
employment prospects, life opportunities, and full
participation in the economy.
- Inclusion: Help newcomers to feel at home faster
and secure meaningful employment, in order to support their
contribution to the prosperity and social fabric of their
communities.
- Employment: Remove barriers to career
advancement for underrepresented groups, to help enable their
financial success.
Whether it's helping an internationally trained doctor to
practice medicine in Toronto, or a
high school student graduate in Santiago, Scotiabank understands the value in
helping everyone achieve their potential. By investing in our
communities, ScotiaRISE aims to increase economic inclusion,
stability and mobility for everyone.
"We know that we can only be as successful as the societies in
which we operate, and when there are individuals and communities
that feel left out, we cannot be strong," says Porter. "Over
the next decade, ScotiaRISE aims to increase access to
opportunities for people in geographies across the Americas, to
create more inclusive, resilient communities for every future."
Please visit www.scotiabank.com/community for more
information on ScotiaRISE.
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 approximately
$1.1 trillion (as at October 31, 2020), 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
@ScotiabankViews.
SOURCE Scotiabank