FY22 Financial Overview
Social
Environmental
•
Sustainable
Finance
ESG Highlights
.
.
Issued a USD$1 billion 3-year sustainability bond, Scotiabank's first, and the
largest sustainability bond by a Canadian financial or corporate entity in 2021
Acted as a bookrunner for a cumulative $22 billion in green, social, sustainability
and sustainability-linked bonds since 2014
Deployed a total of $5.6 billion since 2018 through the Scotiabank Women
InitiativeⓇ, which provides capital to women-owned and women-led businesses
Mobilized a total of $96 billion in climate-related finance since November 1, 2018,
toward a raised target of $350 billion by 2030
A member of the Net-Zero Banking Alliance, Scotiabank will be a net-zero bank
by 2050. Our Net-Zero Pathways Report established interim financed emissions
targets and actions for the Bank's priority high-emitting sectors
Achieved the 25% target reduction for GHG emissions four years ahead of our
2025 target, in alignment with our goal for net-zero emissions in our operations
by 2030
Aim to secure 100% non-emitting electricity in Canada by 2025 and globally by
20301
Metric
Green, social, sustainable &
sustainability-linked bonds
underwritten2 (billions)
Capital mobilized for climate-related
finance (cumulative since 2018, billions)
Reduction of GHG emissions
(Global, scope 1 & 2, 2016)
Electricity from non-emitting sources
Women (VP+, global)
People of Colour (VP+, Canada) 3
Economic value distributed (billions) 4
Dow Jones Sustainability Index
(DJSI) North American Index
CDP climate change score
Target
2021
2020
2019
$13.0
$5.0
$350 billion
by 2030
$58
$28
$16
25% by 2025
25%
19.9%
17.4%
100% by
2030
63%
61%
61%
40% by 2025
37%
36%
35%
30% by 2025
29%
28%
20%
$21.0
$20.9
$21.2
Maintain
inclusion
Achieved
Achieved
Achieved
A-
A-
B
Scotiabank renewed diversity goals in November 2020, including a goal to have
women represent greater than 40% of the global VP+ leadership team by 2025
2021 Community investment of $77 million in donations, community
sponsorships, academic partnership, and employee volunteering
Since launch, more than $60 million has been distributed to 200+organizations
over the past two years under Scotia RISE, a 10-year, $500 million initiative to
promote economic resilience among disadvantaged groups
Mobilizing
$96 billion
Capital for
climate-related
finance since
November 1,
2018
Financing a Sustainable Future
Underwriting
$22 billion
Apportioned value of
total green, social,
sustainability &
sustainability-linked
bonds underwritten
Investing
$2.9 billion
Green and sustainable
bonds purchased for
the Bank's liquid asset
investment portfolio
Issuance
$1.5 billion
Proceeds fund green
and social assets,
including the
advancement of
women-led businesses
Governance
Included in the Dow Jones Sustainability Index (4th year)
S&P Global ESG score places Scotiabank in the top 5% of global financial
institutions with industry-leading scores for governance, anti-crime policy and
risk and crisis management
A Corporate ESG committee, ultimately reporting to the Board, oversees the
Bank's ESG strategy implementation
Awarded Outstanding Global Leadership in Sustainability Transparency
(2022 Global Finance Awards) & Best Corporate Sustainability Strategy (ESG
Investing Awards 2022)
environment
programme
MSCI
ESG RATINGS
UN
AAA
CCC B BB
BBB
AA AAA
finance
initiative
Bloomberg
Gender-Equality
Index
2022
CDP
DRIVING SUSTAINABLE ECONOMIES
A-Rating
Corporate ESG
Performance
RATED BY
ISS ESG▷
Prime
Details and definitions more fulsomely provided in Scotiabank's 2021 ESG Report. 1. Includes renewable (hydro, solar, wind, geothermal, tidal) and nuclear sources, and may include the use of renewable energy
certificates (RECs); 2. Scotiabank's apportioned value of total bonds underwritten (bookrunner only) November 1 - October 31. 3. Refer to details in footnote 15, page 14 of the 2021 ESG report; 4. Per GRI
methodology 201-1 Direct economic value generated and distributed (2016), see footnote 3 page 2 of the 2021 ESG report.
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