Scotiabank has been recognized for its Outstanding Global Leadership in Sustainability Transparency in the inaugural Global Finance Sustainable Finance Awards. The Bank was also awarded Outstanding Leadership in Sustainability Transparency, Outstanding Leadership in Sustainable Project Finance, and Financial Leadership in Sustaining Communities in the North American category.
"ESG has become increasingly important to Scotiabank's investors, our customers, our employees, and our communities around the globe and demonstrating action on ESG has become a moral, market and business imperative," said Jake Lawrence, Group Head and CEO, Global Banking and Markets at Scotiabank. "We are committed to supporting our clients with industry-leading advice and expertise to help them achieve strong business growth that is environmentally and socially responsible."
"Our Bank's approach to sustainability is intended to deliver economic, social and environmental value to our customers, our operations and our communities," said Meigan Terry, SVP and Chief Communications and Social Impact Officer. "Transparent and robust ESG disclosure is the very foundation of fostering trust amongst all our stakeholders. We are proud that our Bank's efforts to drive consistency and comparability of ESG data have been recognized as outstanding by Global Finance."
Scotiabank was also recognized by Global Finance for its ScotiaRISE program. Launched in 2021, the Bank has committed $500 million over ten years to promote economic resilience among disadvantaged groups. The program aims to remove barriers to prosperity by targeting investments aimed at increasing high school graduation and post-secondary participation, supporting newcomer integration, and eliminating barriers to career advancement for underrepresented groups.