Economic Empowerment CSR News

Ottawa's Spending Spree Was the Right Thing to Do, Economists Say

Blog

The federal government’s massive increase in spending in response to the COVID-19 pandemic is contributing to “substantially better” economic outcomes than would have been the case without those measures, while raising net debt levels only marginally over what they would have been, a new Scotiabank Economics report says.

The economic impact of the pandemic on households and businesses would also have been worse without the stimulus, with unemployment reaching 15% as opposed to the anticipated 13%, the report says.

Scotiabank Launches New Sustainable Finance Group Within its Global Banking and Markets Division

Press Release

TORONTO, July 2, 2020 /3BL Media/ - Recognizing its unique opportunity as a global financial organization to advance climate transition and promote sustainable economic growth, Scotiabank is pleased to announce the launch of a new Sustainable Finance Group within its Global Banking and Markets (GBM) division. The new team will further Scotiabank's Climate Commitments, announced in November 2019, to support clients in the transition to a low-carbon economy, decarbonize its own operations and contribute to the global conversation on climate change. 

National Indigenous History Month - Shawn Hunt and 'Flipping the Bird'

Article

For many people, the term "Flipping the Bird" refers to a very specific hand gesture.

But Vancouver-based artist Shawn Hunt hopes that, with a little luck, perhaps that phrase could carry a new meaning while sparking an important conversation about Truth and Reconciliation in Canada.

Flipping the Bird is the title of Hunt's provocative sculpture currently on display at TD Wealth Management in the Bank's Vancouver head office.

$1.2 Million Awarded to Hitzke Development and Bridge Housing Partners to Build Affordable Housing for Veterans

Press Release

SAN DIEGO, June 25, 2020 /3BL Media/– LISC San Diego announced today that $1.2 million has been awarded to Hitzke Development and BRIDGE Housing Partners for pre-development on the Tranquility at Post 310 new construction project.

Tranquility at Post 310 is a 43-unit veterans development located at the site of the current American Legion Hall Post 310 in the emerging neighborhood of Southeastern San Diego.

Whole Planet Foundation Partners with Hope for Haiti in Power Your Purpose Virtual 5K

Whole Planet Foundation is grateful to our partners and participants who are mobilizing to support microentrepreneurs around the world on June 27th!
Blog

Pivoting from a physical 5K Run in Austin, Texas to an online event due to COVID-19 has meant partners like Hope for Haiti are joining Whole Planet Foundation from a safe distance to alleviate poverty through microcredit around the globe.  On average, microcredit loans are less than $200 and enable low-income entrepreneurs, mostly women, to start or develop their own small businesses to support their families.  For the past 5 years, Hope for Haiti has been investing in Haitian economy by making nearly $1 million in grants and loans to support Haitian entrepreneurs and social businesses. 

You Have to Combine Pocketbook and Presence to Grow Diversity and Inclusion: Shundrawn Thomas

Article

Shundrawn Thomas, Northern Trust Asset Management, joins ‘Power Lunch’ to discuss which efforts are lasting towards driving diversity and inclusion.

Watch here

PNC Commits More Than $1 Billion To Help End Systemic Racism and Support Economic Empowerment of African Americans and Low- And Moderate-Income Communities

Press Release

PITTSBURGH, June 18, 2020 /3BL Media/ - The PNC Financial Services Group, Inc. (NYSE: PNC) today announced a commitment of more than $1 billion to help end systemic racism and support economic empowerment of African Americans and low- and moderate-income communities.

Northern Trust Commits US$20 Million to Reduce Opportunity Gap

New Global Philanthropic Focus Unveiled
Press Release

CHICAGO, June 16, 2020 /3BL Media/- Northern Trust announced on June 15, 2020 it would provide US$20 million over 5 years to expand access to resources that address essential human needs—food, housing, healthcare and education—to bridge the gap that threatens the broader prosperity of our society.

Land Betterment Corp Secures $450,000 in Economic Incentives

Company receives up to $450,000 in EDGE Credits from the State of Indiana to bring economic diversity and revitalization to the region
Press Release

FISHERS, Ind., June 15, 2020 /3BL Media/ - Land Betterment Corporation (“Land Betterment” or the “Company”), an environmental solutions company fostering positive impact through upcycling former coal mining sites to create sustainable community development and job creation, is proud and dedicated to work with all stakeholders to grow economic diversity and opportunity in areas that have been adversely affected from the decline in thermal coal as our society transitions away from coal-based fuels.  Due to its continued commitment to invest in Greene County, Indiana to grow and scale Coal Cra

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