TORONTO, June 27,
2022 /CNW/ - Today, Scotiabank announced a community
investment of $900,000 to Pathways to
Education, a national charitable organization breaking the cycle of
poverty through education by helping youth who are facing amplified
barriers graduate from high school.
Approximately nine per cent of youth in Canada do not earn a high school diploma. That
number can be as high as 50 per cent in some low-income
communities. Newcomers and immigrant youth are particularly
vulnerable to adjusting to new education systems and an academic
curriculum, while learning a new language and integrating into
social activities.
Through well-established partnerships, Pathways to Education
works alongside schools to deliver effective programming in
vulnerable communities to help more students achieve the milestone
of graduation, which in the long run increases employment
prospects, life opportunities, and the likelihood of financial
success. The Pathways to Education Program™ focuses on students in
high school, a critical period when youth form lifelong study,
work, and interpersonal habits.
"Helping youth access the support needed to unlock their
potential in high school continues to be a key factor to
establishing success as adults," says Meigan Terry, Senior Vice President and Chief
Social Impact, Sustainability and Communications Officer at
Scotiabank. "We are proud to partner with Pathways to Education to
help remove barriers to graduation and provide critical support so
students can access opportunities and successfully plan for their
futures."
The Pathways to Education Program™ provides students with a
holistic combination of financial, social, and one-on-one supports
that are tailored to their unique needs. This includes tutoring and
social development activities to expand learning, digital literacy
development, language skills, financial literacy basics, and
guidance and mentorship on navigating the world around them.
Empowering new Canadians with education and access to employment
opportunities will ensure they are able to continue contributing to
the economic, social, and cultural fabric of Canada and its future growth.
"Scotiabank's long-term partnership with Pathways to Education
has helped to support thousands of youths to graduate from high
school and successfully transition to post-secondary education,
training, and employment. Developing our future leaders and
contributing to a stronger Canadian workforce inclusive of newcomer
youth is critical to our economy," says Quinn Bingham, Vice-President, Pathways to
Education Canada.
Scotiabank's partnership with Pathways to Education is a
signature program within ScotiaRISE, the Bank's
10-year $500 million initiative to promote economic
resilience among disadvantaged groups. ScotiaRISE has supported
nearly 200 charities, deployed $26 million in community
investments globally in its first year, and continues to invest in
community initiatives that are making a difference.
As a key enabler of the Bank's purpose to deliver for every
future, ScotiaRISE is fostering sustainable change by partnering
with programs and 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.
Click here for more information on ScotiaRISE and Scotiabank's
commitment to diversity and inclusion.
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 $1.3 trillion (as
at April 30, 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.
Stephanie Cangelosi, Global
Communications, stephanie.cangelosi@scotiabank.com
SOURCE Scotiabank