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Last update: 2024-01-09 16:10:51

Active

This profile is actively maintained

Last update: 2024-01-09 16:10:51

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About

Website	http://www.scotiabank.com
Headquarters	44 King St. W. M5H 1H1 Toronto Canada
CEO/chair	Scott Thomson CEO
Supervisor	Superintendent of Financial Institutions (OSFI)
Ownership	listed on NYSE, Toronto Stock Exchange & Trinidad and Tobago Stock Exchange Scotiabank's shareholder structure can be accessed here.

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 capitalisation. The bank was founded in 1832 in Halifax, Nova Scotia. Its primary corporate offices are located in Toronto, Ontario. The Bank's activities include personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets.

Sustainability

Commitments

Policies

Voluntary standards

Scotiabank's most important sustainability commitments can be found at the website sections listed below.

Links

Responsibility and impact

ESG strategy

Anti-Money Laundering/Anti-Terrorist Financing Program

Bank policy

2022-05-20 00:00:00 | Scotiabank

Net Zero pathways report

Bank policy

2022-02-28 00:00:00 | Scotiabank

Global human rights statement

Bank policy

2021-11-02 00:00:00 | Scotiabank

Statement on financing coal

Bank policy

2021-04-30 00:00:00 | Scotiabank

Statement on financing in the Arctic

Bank policy

2020-12-31 00:00:00 | Scotiabank

Climate commitments

Bank policy

2019-11-18 00:00:00 | Scotiabank

Modern Slavery Statement

Bank policy

2019-01-15 00:00:00 | Scotiabank

Code of Conduct

Bank policy

2018-11-01 00:00:00 | Scotiabank

Whistleblower Policy

Bank policy

2018-10-31 00:00:00 | Scotiabank

Environmental policy

Bank policy

2010-04-30 00:00:00 | Scotiabank

Scotiabank has committed itself to the following voluntary standards:

Business for Social ResponsibilityTags: corporate social responsibility

Carbon Disclosure ProjectTags: carbon | climate change | greenhouse gas emissions

Dow Jones Sustainability IndicesTags: sustainable development | transparency

Equator PrinciplesTags: Equator Principles | project finance | corporate social responsibility | sustainable development

Global Reporting InitiativeTags: sustainable development | human rights

Net-Zero Banking Alliance (NZBA)Tags: climate change | corporate social responsibility | energy | energy plants

Partnership for Carbon Accounting Financials (PCAF)Tags: carbon | corporate social responsibility

Principles for Responsible Investment (PRI)Tags: corporate social responsibility | sustainable development | United Nations

Task Force on Climate-related Financial Disclosures (TCFD)Tags: corporate social responsibility | finance

UNEP Finance InitiativeTags: United Nations | sustainable development

United Nations Global CompactTags: United Nations | human rights

Dodgy Deals

Scotiabank is linked to a number of companies and projects that BankTrack considers controversial (so called Dodgy Deals), e.g. as a current or past financier or through an expression of interest. The profiles below provide more details on the nature of Scotiabank's link to these deals.

Projects / Companies

Finance type

Year

News

BankTrack

Partners

Blog

External

BankTrack news BankTrack blog Partner news Partner blog

Commentary: Canada’s Big Five Bank CEOs On Trial

On June 13, 2024, I traveled to Ottawa to watch an unprecedented event.

Active

Active

Links

Responsibility and impact

ESG strategy

Anti-Money Laundering/Anti-Terrorist Financing Program

Net Zero pathways report

Global human rights statement

Statement on financing coal

Statement on financing in the Arctic

Climate commitments

Modern Slavery Statement

Code of Conduct

Whistleblower Policy

Environmental policy

Commentary: Canada’s Big Five Bank CEOs On Trial

BankTrack’s set to publish 2024 Global Human Rights Benchmark in November

Gulf Coast residents and major organizations call on financial institutions to phase out financing of LNG projects in the Rio Grande Valley

Pulp Fiction: the dystopian reality of the origin of your paper

Biggest banks finance more carbon pollution than emissions of Italy, Germany, France and UK combined

Banks financed fossil fuels by $6.9 trillion dollars since the Paris Agreement; $705 billion provided in 2023 alone; JPMorgan Chase, Mizuho, and Bank of America are worst 3 funders

Banks have not quit coal, 8 years after the Paris Agreement

Canada's Big Five Banks: Heading to Net Zero?

Financiers warned of huge risks to communities and biodiversity as Rio Tinto approves world’s biggest mining project

67 organisations call on banks to cease financing metallurgical coal

Decarbonization: steel not making the cut

New report: Canadian bank RBC the #1 financier of fossil fuels, world’s biggest banks continued to pour billions into fossil fuel expansion

Throwing fuel on the fire: GFANZ members provide billions in finance for fossil fuel expansion

New human rights assessment of banks shows slow progress and lack of action to address key gaps on reporting and remedy

Canadian banks will get kicked out of UN net zero club unless they up their game: Report

Banks’ Net-Zero lending ambitions hit snags in oil-rich Canada

Scotiabank’s climate plan and fossil fuel financing key focus at AGM

Canadian banks keep financing fossil fuels

Investors ask banks to rethink funding fossil fuel projects, including Line 3

New report: Despite ‘net zero’ rhetoric, world’s biggest banks continued to pour billions into fossil fuel expansion in 2021

Wet’suwet’en hereditary chief takes fight against Coastal GasLink all the way to the banks

Banks failing to address severe human rights impacts transparently, finds BankTrack research

Equator Banks involved in financing at least 200 fossil fuel projects since Paris

Wet'suwet'en chiefs demand investors and financiers of Coastal Gaslink to divest from this and all future pipeline projects

‘Wreckers of the Earth’: 300 London-based companies destroying the planet

As extreme weather rages, RBC extends "sustainability" loan to Enbridge, actively expanding gas and tar sands pipelines

Fossil Banks No Thanks demands banks commit to end fossil fuel finance before Glasgow Climate Summit

Forests & Finance Coalition warns foreign investors about the risk of the anti-environment agenda in the Brazilian Congress

Canada is burning, and our banks are fanning the flames

World’s 50 largest banks and investors driving deforestation through weak policies and major investments, new study finds

Banks called upon to take action to protect biodiversity ahead of UN Biodiversity Conference in Kunming

Revealed: Businesses and banks behind global plastic waste crisis

Banking on Climate Chaos 2021: World’s 60 largest banks have poured USD 3.8 trillion into fossil fuels since Paris Agreement

Enbridge’s “sustainable” credit: tar sands and rights violations

Scotiabank becomes fifth major Canadian bank to refuse to fund oil drilling in Arctic refuge

The battle to stop Line 3 is heating up on the ground and across the US

Major banks in Canada stand with the Gwich'in

The Big Banks’ Green Bafflegab

Equator Banks fail communities on consultation and grievance mechanisms, new study finds

Barclays, HSBC and Credit Suisse among worst offenders on oil sands finance

New BankTrack Equator Principles reporting tracking tool launched

Major blow to Keystone XL pipeline as judge revokes key permit

Reckless Keystone XL decision by TC Energy endorsed by JPMorgan Chase, Citi and Canadian peers

Global finance sector failing to apply conservation criteria to pulp and paper funding

Banking on Climate Change – Fossil Fuel Finance Report Card 2020

Pobladores/as se toman terrenos de Forestal Arauco en Laraquete

Canadian banks going green still boost loans to the oil industry

Davos financial players pump US$1.4 trillion into fossil fuels: new Greenpeace report

4 out of 5 banks failing on human rights, new BankTrack Human Rights Benchmark shows

Noted fossil-fuel backer Scotiabank announces $100B climate investment

BankTrack 2019 Human Rights Benchmark: criteria and scope announced

Global Banks, Led by JPMorgan Chase, Invested $1.9 Trillion in Fossil Fuels Since Paris Climate Pact

Banking on Climate Change – Fossil Fuel Finance Report Card 2019

Banks massively financing fossil fuels unclear about future of ... fossil fuels

Report finds major banks ramped up fossil fuel financing to $115 billion in 2017

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

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

Equator Principles goes beyond project finance, improves transparency

While BankTrack criticizes Equator Principles, IFC celebrates Community of Learning