Tag: Scotiabank

Scotiabank Launches National Scholarship Program to Support Next Generation of Anti-racism Advocates in the Legal Profession

Stuart Mitchell

As part of Scotiabank‘s commitment to inclusion for every future, the bank has developed a first-in-Canada scholarship program to increase the number of students pursuing a career in the legal profession with the intent to become advocates for anti-racism. Scholarship recipients will be selected based on several factors including their demonstrated experience in anti-racism advocacy and a clear articulation of how they will leverage their legal careers to tackle systemic discrimination. “Like banking, the legal profession benefits enormously from the diverse perspectives of its members,” says Brian Porter, President and CEO, Scotiabank.…

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Scotiabank Makes 10-year, $500m Commitment to Foster Economic Resilience Among Disadvantaged Groups

Stuart Mitchell

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.  This program seeks to make a meaningful impact in communities throughout the Bank’s footprint by making investments that help people improve their education and employment prospects, adapt to changing circumstances, and increase the likelihood of financial success.  “We know that we can only be as successful as the societies in which we operate, and when there are individuals and communities that…

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Scotiabank Backs Efforts to Support Black-Led Businesses

Stuart Mitchell

In the latest in a series of efforts to support Black-led businesses and Black communities, Scotiabank is proud to support the Government of Canada’s Black Entrepreneurship Program announced on recently. The partnership between the Federal Government, Scotiabank and other Canadian financial institutions will ultimately collectively commit up to $128 million in lending capital for the program’s Black Entrepreneurship Fund.  “The actions we take today can have a long-lasting impact on the communities we serve and represent,” said Dan Rees, Group Head, Canadian Banking, Scotiabank. “This is one important step we will be taking of…

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Wunderman Thompson Peru Launches Gender Wage Gap Campaign for Scotiabank’s Bank on Equality

Stuart Mitchell

As Peru has one of the highest rates of the gender wage gap in Latin America (29.6%), Scotiabank, one of the largest banks in Peru, made a public commitment to change this. With the help of Wunderman Thompson Peru, and on the occasion of International Women’s Day, Scotiabank surprised all its female clients who opened a Payroll Account on March 9 with an equal salary, generating an immediate buzz. Each female client received an additional 29.6% salary, equivalent to the gender wage gap in the country, with the bank’s currency,…

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Scotiabank to Mobilize $100 Billion by 2025 to Support the Transition to a Lower-carbon and More Resilient Economy

Stuart Mitchell

Recognizing the critical role that the financial services sector plays in the transition to a low-carbon, more resilient and prosperous future, Scotiabank has announced its Climate Commitments to support clients in the transition to a low-carbon economy and decarbonize its own operations. Scotiabank’s five commitments, detailed in a public position statement on the Bank’s website, are: Mobilize $100 billion by 2025 to reduce the impacts of climate change. Ensure robust climate-related governance and reporting. Enhance integration of climate risk assessments in lending, financing and investing activities. Deploy innovative solutions to…

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