Scotiabank wins six awards, including
Outstanding Global Leadership in Sustainability Transparency for
the second consecutive year
TORONTO, May 24, 2022
/CNW/ -Scotiabank has been recognized with six wins in the 2022
Global Finance Sustainable Finance Awards, including Best
Bank in Canada for leadership in
sustainable finance. For the second year in a row, the Bank has
also been recognized for Outstanding Global
Leadership in Sustainability Transparency, making
Scotiabank the only major Canadian bank to receive a global award
from Global Finance.
The full list of recognitions for Scotiabank by Global
Finance include:
- Outstanding Leadership in Sustainability Transparency (Global
Award)
- Best in Canada (Country
Award)
- Outstanding Leadership in Social Bonds (Regional Award –
North America)
- Outstanding Leadership in Sustainable Bonds (Regional Award –
North America)
- Outstanding Leadership in Transition/Sustainability Linked
Loans (Regional Award – North
America)
- Outstanding Leadership in Sustainability Transparency (Regional
Award – North America)
"These recognitions reinforce Scotiabank's commitment to
supporting our clients every step of the way as we advance the
climate transition and promote sustainable economic growth,"
said Jake Lawrence, Group Head and CEO, Global Banking and
Markets at Scotiabank. "Through our industry-leading Sustainable
Finance Group, we help our clients across our footprint realize
their environmental, social and governance goals."
Scotiabank's Sustainable Finance Group has grown significantly
since its inception in 2020 and is an industry leader in developing
innovative sustainable financing and ESG advisory solutions to
support the Bank's diversified global presence. The team produces
leading edge thought leadership and market insights for clients and
engages at various local and international sustainable finance
events and working groups to further the discourse and raise
awareness with a range of stakeholders.
"We are proud to be recognized by Global Finance as the global
leader for transparent reporting on our sustainability efforts,"
said Meigan Terry, Senior Vice
President and Chief Social Impact, Sustainability and
Communications Officer at Scotiabank. "As key to our purpose – for
every future – there is nothing more important than the trust we
build with our stakeholders, and this includes how we showcase and
report on our environmental, social and governance commitments,
progress and achievements."
Scotiabank recently released its inaugural Net-Zero
Pathways Report, a comprehensive outline of the Bank's commitment
to achieve net-zero emissions from our operations by 2030 and
net-zero financed emissions by 2050, including interim financed
emissions targets and actions for the Bank's priority high-emitting
sectors. The commitments include mobilizing $350
billion in capital for climate-related finance by 2030 as the
Bank works to reduce the emissions intensity of its lending
portfolio, and providing $25 million
in community investment over 10 years to support partnerships that
enable climate-related systems change and sector decarbonization.
To read more about Scotiabank's net-zero strategy and climate
commitments, visit www.scotiabank.com/sustainability.
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
approximately 90,000 employees and assets of
approximately $1.2 trillion (as at January 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 @ScotiabankViews.
SOURCE Scotiabank