Proceeds from Climate Awareness Bonds are allocated to EIB’s lending to activities contributing substantially to climate change mitigation in line with evolving EU sustainable finance legislation. The so-called EU Taxonomy Regulation, aiming to ‘establish the criteria for determining whether an economic activity is environmentally sustainable’, entered into force in July 2020.
The COVID-19 pandemic over the past 10 months has brought into sharp relief issues that have hindered Canada’s economic competitiveness and left some communities at a disadvantage in trying to achieve their full potential. For Canada to prosper in a rapidly changing world, we must ensure everyone has the opportunity to contribute.
TORONTO, January 18, 2021 /3BL Media/ - Scotiabank announced the launch of the Scotiabank Economic Resilience Research Fund in collaboration with Mitacs, a Canadian not-for-profit organization that operates research and training programs in partnership with academia, private industry and government.
Over the next three years, the Scotiabank Economic Resilience Research Fund will aim to increase the understanding of the factors that drive economic resilience in communities across Canada by underwriting graduate, doctorate, and post-doctorate research internships for students.
The pandemic’s uneven economic toll has highlighted the need to remove barriers that persist for some groups while increasing opportunities for all to participate in, and strengthen, the economy going forward.
With the goal of fostering economic inclusion and resiliency among disadvantaged groups, Scotiabank has launched ScotiaRISE, a 10-year initiative with a $500-million commitment.
Scotiabank receives A- grade for strong climate-related disclosure and management
TORONTO, Dec. 18, 2020 /3BL Media/ - Scotiabank is pleased to announce it has been awarded a grade of A- from the CDP (formerly known as the Carbon Disclosure Project) in recognition of its strong management of climate-related issues and transparency in its disclosures. This score is above the Global Financial Services average, and an increase over the organization's "B" grade last year.
Yesterday, Tent Partnership for Refugees and the Human Rights Campaign Foundation held the first North American Business Summit for LGBTQ Refugees, where they announced that multiple organizations including Scotiabank have
TORONTO, Dec. 8, 2020 /3BL Media/ - In celebration of its two-year anniversary, The Scotiabank Women Initiative ™ has launched a new Digital Hub, in collaboration with Shopify, Google Canada, LinkedIn, Facebook and HubSpot focused on delivering key resources to help women entrepreneurs adapt to uncertain economic times.
Scotiabank's Climate Commitments enhanced scores in Sustainable Finance and Climate Strategy
TORONTO, December 1, 2020 /3BL Media/ - Scotiabank is pleased to announce it has been named to the Dow Jones Sustainability Index (DJSI) North America for the third consecutive year and is now ranked in the top 15 percent of participating financial institutions from around the world. The Dow Jones Sustainability Index is considered the industry-standard for measuring environmental, social and governance practices.