ScotiaRISE is Scotiabank’s ten-year, $500 million1 commitment and social impact strategy to strengthen economic resilience by removing the barriers that keep disadvantaged groups from fully realizing their potential. Through the Bank’s global network of community partners, ScotiaRISE has supported programs addressing changing workforce demands, increasing living costs, equitable access to healthcare and more. In 2023, ScotiaRISE refreshed its regional strategy in Latin America and the Caribbean by engaging with regional experts, partners and members of our team.
Here’s a closer look at the initiative’s progress:
![Infographic: 200+ community partners have received support since 2021](/content/experience-fragments/scotiabank/ca/en/newsroom/Impact/2024-04-scotiarise-infographic-three-years/master/_jcr_content/root/image.img.png/1714018304667.png)
![Infographic: $102 million in community investment globally (2)](/content/experience-fragments/scotiabank/ca/en/newsroom/Impact/2024-04-scotiarise-infographic-three-years/master/_jcr_content/root/image_copy.img.png/1714018313875.png)
![Infographic: 1.6 million critical moments in time (3) where an individual or group received support, training and/or resources through a program enabled by a ScotiaRISE investment](/content/experience-fragments/scotiabank/ca/en/newsroom/Impact/2024-04-scotiarise-infographic-three-years/master/_jcr_content/root/image_copy_copy.img.png/1714018329539.png)
![Infographic: In 2023, ScotiaRISE funding (to charitable partners) helped deliver support at a critical moment in time3 in the form of: Access to credit 1,237; Mentoring/networking 34,084; Access to food/water 534,026; Financial literacy 11,265; Skilling/tutoring 43,005; Allyship 182,362; Job search 16,980](/content/experience-fragments/scotiabank/ca/en/newsroom/Impact/2024-04-scotiarise-infographic-three-years/master/_jcr_content/root/image_copy_copy_copy.img.png/1714018404321.png)
![ScotiaRISE donations to charitable partners since its launch in 2021: International $23.1M; Canada $71.1M](/content/experience-fragments/scotiabank/ca/en/newsroom/Impact/2024-04-scotiarise-infographic-three-years/master/_jcr_content/root/image_copy_copy_copy_938077766.img.png/1714018421239.png)
![(Partner spotlight) Laboratoria - Helping women succeed in tech: ScotiaRISE developed a partnership with Laboratoria to give women from seven Latin American countries the opportunity to build skills for high-quality jobs in the tech sector.](/content/experience-fragments/scotiabank/ca/en/newsroom/Impact/2024-04-scotiarise-infographic-three-years/master/_jcr_content/root/image_copy_copy_copy_2131656593.img.png/1714018432804.png)
![(Partner spotlight) Second Harvest - Helping to feed the hungry in Canada: Since the COVID-19 pandemic, the number of people experiencing hunger has skyrocketed in Canada. ScotiaRISE’s commitment of $500,000 over three years will enable Second Harvest to support approximately 30,000 individuals annually.](/content/experience-fragments/scotiabank/ca/en/newsroom/Impact/2024-04-scotiarise-infographic-three-years/master/_jcr_content/root/image_copy_copy_copy_1653632351.img.png/1714018445071.png)
![(Partner spotlight) Windmill Microlending - Helping women immigrants obtain meaningful work: In addition to systemic barriers facing all newcomers, women immigrants also face challenges accessing child and elder care support. ScotiaRISE’s $2.5 million commitment over three years will support over 3,000 newcomer women in Canada with accreditation, education and professional development.](/content/experience-fragments/scotiabank/ca/en/newsroom/Impact/2024-04-scotiarise-infographic-three-years/master/_jcr_content/root/image_copy_copy_copy_952707593.img.png/1714018460772.png)
1 All currency in this infographic is stated in Canadian dollars.
2 Years 1-3 of ScotiaRISE investments reflect efforts to reposition community investment portfolio in alignment with ScotiaRISE and establish new partnerships which support ScotiaRISE’s key focus areas.
3 Critical moments in time are instances where an individual or group received support, training and/or resources through a program enabled by a ScotiaRISE investment. Critical moments are reported proportionate to the funding provided by ScotiaRISE for the specified period of time, program or total investment received to date, as applicable.
4 In 2023, ScotiaRISE saw increased reporting in this program theme category, as our support of global disaster relief efforts and food rescue programs resulted in significant impact.
5 Program interventions supported under this category include anti-bias or inclusion classroom programs, culturally relevant curriculum, and workplace inclusion training