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Last update: 2017-09-15 12:42:02
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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, and 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. GBM's products and services are offered to corporate, government and institutional clients in Canada and in select international countries.
At the end of 2015 Scotiabank controlled assets worth CAD856 billion.
44 King St. W.
M5H 1H1 Toronto
Brian J. Porter |
|Annual report||Annual Report 2016|
listed on NYSE Euronext, Toronto Stock Exchange & Trinidad and Tobago Stock Exchange
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Voluntary initiativesScotiabank has committed itself to the following voluntary standards:
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.