Created before Nov 2016
Last update: 2018-04-18 11:20:41
Share this page:
The Bank of Nova Scotia (commonly called Scotiabank in English and Banque Scotia in French) is the third largest bank in Canada by deposits and market capitalization. The bank was founded in 1832 in Halifax, Nova Scotia. Its primary corporate offices are located in Toronto, Ontario. Bank activities are organised around three lines: Canadian Banking: retail, wealth management, corporate banking, International Banking: retail banking in the Caribbean and Central America, Mexico, Latin America and Asia and Global Banking and Markets which provides clients with corporate banking, investment banking and capital markets solutions.
44 King St. W.
M5H 1H1 Toronto
Brian J. Porter |
2017 CSR Report|
Annual Report 2017
listed on NYSE Euronext, Toronto Stock Exchange & Trinidad and Tobago Stock Exchange
Related Dodgy Deals
Enbridge Northern Gateway pipelines Canada
Keystone XL pipeline United States
Trans Mountain Pipeline Expansion project (TMEP) Canada
Drummond United States
TransCanada Corporation Canada
Anglo American United Kingdom
BHP Billiton Australia
Lockheed Martin United States
Rio Tinto Australia
Textron United States
Vedanta Resources United Kingdom
Dodgy Deals map
Big banks complicit in massive tar sands destruction and pollution through hundreds of billions in financing
Financiers of pulp and paper industry projects will cause environmental and social harm, says new report
28 major banks warned not to finance Trans Mountain pipeline expansion
Banks provide billions for Dirty Diesel traders while failing to act on human rights, says new briefing
- Of 26 banks contacted, not one has pressured companies over toxic fuel exports to Africa
Indigenous leaders launch new campaign to defund all four proposed tar sands pipelines
Energy Transfer: Which banks continue to support the company behind DAPL?
Who's bankrolling TransCanada?
New report finds banks betting on climate change
While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning
BankTrack to Equator Principles banks; ‘get the Outside Job done’
New rules for Equator Principles, but no new commitments from banks
BankTrack calls upon banks to Close the Gap on investment policies
Equator Principles: Action, not words needed
Civil society groups call for bold steps forward with Equator Principles
Top financial institutions still invest US$20 billion in cluster bombs
Rainforest Action Network study ranks financed emissions of Canadian banks
Letter from RAN and 13 others to 14 banks that underwrote Kinder Morgan Canada IPO on warning to finance the IPO
Voluntary initiativesScotiabank has committed itself to the following voluntary standards:
ScotiaBank's Corporate Social Responsibility webpage can be accessed here.
Scotiabank and the Equator Principles
The Equator Principles are a voluntary commitment of banks to try to avoid or minimise the social, environmental and human rights impact of projects they finance. For more information on the Equator Principles see their website here and the campaign page of BankTrack here.
The Equator Principles exist already since 2003. Scotiabank adopted the Equator Principles in 2006.
Reporting on the Equator Principles
Scotiabank must report annually on its implementation of the Equator Principles. All information is supposed to be found here.
Scotiabank is involved in financing the following Equator Principles projects that BankTrack considers controversial.
True leader Front runner Follower Laggard
BankTrack has assessed Scotiabank on its implementation of the UN Guiding Principles on Business and Human Rights in June 2016. Scotiabank is assessed as a Laggard, with a total score of 1.5/12.
Implementation and reporting
Scotiabank is reporting on the implementation here.