Bank of Nova Scotia 2022 SR
The report outlines Scotiabank's progress toward its 2022 ESG goals, highlighting the mobilization of $96 billion in climate-related finance since 2018. The bank achieved a 29% reduction in Scope 1 and 2 greenhouse gas emissions from its 2016 baseline and increased its 2030 climate-related finance target to $350 billion. Social initiatives included distributing $60 million through the ScotiaRISE program to bolster economic resilience and expanding The Scotiabank Women Initiative to international markets like Jamaica and Chile. Additionally, the bank integrated ESG performance metrics into executive compensation and published its inaugural Net-Zero Pathways Report to detail its decarbonization strategy.
Company: Bank of Nova Scotia
Sector: Financials
Country: Canada
Year: 2022
Type: SR
Pages: 108
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Bank of Nova Scotia
ESG Report
The report outlines Scotiabank's progress toward its 2022 ESG goals, highlighting the mobilization of $96 billion in climate-related finance since 2018. The bank achieved a 29% reduction in Scope 1 and 2 greenhouse gas emissions from its 2016 baseline and increased its 2030 climate-related finance target to $350 billion. Social initiatives included distributing $60 million through the ScotiaRISE program to bolster economic resilience and expanding The Scotiabank Women Initiative to international markets like Jamaica and Chile. Additionally, the bank integrated ESG performance metrics into executive compensation and published its inaugural Net-Zero Pathways Report to detail its decarbonization strategy.
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Document Details
Report Year
2022
Reporting Period
Nov 1, 2021 - Oct 31, 2022
Fiscal Year
2022
Type
Sustainability Report
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
Assurance
Assurance Provider
Sustainable Development Goals
Other Standards
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
Emissions
Scope 1:
Scope 2:
Renewable Energy
Women on Board
Women in Management
Net Zero Target
Employees