Post by nurnobisorker02 on Feb 28, 2024 8:32:56 GMT
Social, sustainable and sustainability-linked bonds since 2014. A 20% reduction in greenhouse gas emissions was achieved in the Bank's operations compared to 2016 levels. The goal was set to achieve 100% of electricity consumption from zero-emission sources by 2030 in the company's global operations. Society Nearly CAD $85 million was allocated to the community through donations, sponsorships, employee volunteerism and other types of community investments. ScotiaINSPIRA was launched, an initiative to invest CAD $500 million over 10 years with the objective of promoting economic resilience among vulnerable groups. CAD $16.6 million was donated to support people and communities most at risk during the COVID-19 pandemic, including CAD $7.2 million in support for hospitals and healthcare professionals.
Corporate governance For the third consecutive year, Scotiabank was ranked among the top 1% of global financial institutions for corporate governance by the Dow Jones Sustainability Index, with a perfect score for financial crime prevention policies. ยท The goal of female participation of 30% of the Bank's global Board of Directors was exceeded and women make up 42% of its nominated members. Scotiabank Anhui Mobile Number List continues to demonstrate its commitment to environmental action through other related initiatives and programs: Establishment of Climate Change Center of Excellence: Scotiabank recently created its Climate Change Center of Excellence to promote internal and external collaboration and contribute to the global conversation on the topic. This online hub brings together thought leadership, alliances and collaborations in an effort to have a relevant impact on the climate change discourse.
Participation in the Partnership for Carbon Accounting Financials (PCAF): Scotiabank has committed to measuring and reporting financed emissions (the carbon emissions of its client portfolio) by joining the PCAF to support the development of the main emissions accounting methodologies . Commitment to goals and alternatives to reach net zero emissions: Scotiabank is committed to establishing quantitative, time-bound institutional objectives to reduce greenhouse gas (GHG) emissions in its lending and underwriting activities. The plans include a quantitative analysis of the GHG intensity of the Bank's loan portfolio and underwriting activities, research on strategies to achieve net zero emissions, development of alternatives to achieve the objectives and preparation of a report on the plans, goals and deadlines for reducing GHG emissions. Once these elements are in place, the Bank will announce when and how it will achieve net zero emissions and will regularly report on its progress.
Corporate governance For the third consecutive year, Scotiabank was ranked among the top 1% of global financial institutions for corporate governance by the Dow Jones Sustainability Index, with a perfect score for financial crime prevention policies. ยท The goal of female participation of 30% of the Bank's global Board of Directors was exceeded and women make up 42% of its nominated members. Scotiabank Anhui Mobile Number List continues to demonstrate its commitment to environmental action through other related initiatives and programs: Establishment of Climate Change Center of Excellence: Scotiabank recently created its Climate Change Center of Excellence to promote internal and external collaboration and contribute to the global conversation on the topic. This online hub brings together thought leadership, alliances and collaborations in an effort to have a relevant impact on the climate change discourse.
Participation in the Partnership for Carbon Accounting Financials (PCAF): Scotiabank has committed to measuring and reporting financed emissions (the carbon emissions of its client portfolio) by joining the PCAF to support the development of the main emissions accounting methodologies . Commitment to goals and alternatives to reach net zero emissions: Scotiabank is committed to establishing quantitative, time-bound institutional objectives to reduce greenhouse gas (GHG) emissions in its lending and underwriting activities. The plans include a quantitative analysis of the GHG intensity of the Bank's loan portfolio and underwriting activities, research on strategies to achieve net zero emissions, development of alternatives to achieve the objectives and preparation of a report on the plans, goals and deadlines for reducing GHG emissions. Once these elements are in place, the Bank will announce when and how it will achieve net zero emissions and will regularly report on its progress.