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Company Response

Scotiabank's response

[Full response attached]

...We recognize that climate change is one of the most pressing issues of our time. It is significantly impacting natural systems and communities across the globe and poses a significant risk to the global economy and society as a whole...As an international financial institution, we have both the responsibility and opportunity to act...In November 2019, Scotiabank published our Climate Commitments outlining the Bank's approach to managing the risks and opportunities presented by the changing climate...
1. Mobilize $100 billion by 2025 to reduce the impacts of climate change.
2. Ensure robust climate-related governance and transparency in our reporting.
3. Enhance integration of climate risk assessments in our lending, financing and investing activities.
4. Decarbonize our own operations and find innovative solutions to reduce the Bank's impact on
the changing climate.
5. Establish a Climate Change Centre of Excellence to mobilize internal and external collaboration,
dialogue and information sharing and contribute to the global conversation on climate change.

...respect for human rights is fundamental to the way we carry out our business activities and is part of our core values...in 2016 we published the Scotiabank Human Rights Statement signed by our President and CEO, consistent with the UN Guiding Principles on Business and Human Rights. This Statement was updated in February 2019 to include our commitment to respect the rights of Indigenous Peoples, and can be accessed online here...Scotiabank is a signatory to the Equator Principles (EP) and reports on project finance transactions assessed using the EP framework to determine, assess, and manage social and environmental risks...

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