ESG Strategy
Scotiabank's ESG Approach
Scotiabank’s approach to Environmental, Social, and Governance (ESG) focuses on four pillars — Environmental Action, Economic Resilience, Inclusive Society and Leadership & Governance. We develop, implement and invest in initiatives across these pillars in order to maximize our positive impact on the world.
Our impact in these areas is greatest when we take action at three different levels — In our Operations, With our Customers, and On the World Around Us. We have the most control and ability to drive positive change in our operations. We also support and enable positive ESG outcomes with our customers through our core business: delivering important financial products, services and advice that help them achieve their goals.
Our diversified geographic footprint, varied business lines, and large customer and employee base give us a responsibility and an opportunity: we can help address important social, environmental, and economic challenges while positioning our Bank for success. By working with stakeholders at all levels across our entire value chain, we are best positioned to build a better future.
Memberships, commitments and agreements
As part of our commitment to sustainability initiatives, we are supporters, signatories or members of the following:
ESG Recognition
See more recognitions for Scotiabank on Our Awards and Accolades for Sustainable Finance.
Impact stories
How Friendlier takeout containers can help cut down on plastic waste
With Canada’s new ban on some single-use plastics, Scotiabank is implementing a pilot project for reusable takeout containers at its downtown headquarters.
Sustainable finance takes note of biodiversity risks and opportunities
Directing much-needed capital to initiatives that put our planet’s biodiversity front and centre.
Infographic: Year One of ScotiaRISE
A closer look at the impact in the first year of the Bank's initiative which aims to foster economic resilience in disadvantaged groups.
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