In Latin America, we were named Joint Bookrunner on Suzanos US$1 billion 10-year sustainability-linked bond, the companys third SLB transaction. TORONTO, April 1, 2021 /CNW/ - Scotiabank today released its 2020 Environment, Social and Governance Report, a comprehensive review of the Bank's progress in delivering for every future.The report outlines Scotiabank's ongoing commitment to building a more . Today, in a short timespan since the teams inception, we are very proud to have doubled our Sustainable Finance Group size, increased the range of financing products and advisory services we provide, and significantly grown our transaction volumes. Jake Lawrence, Group Head, and CEO, Global Banking and Markets at Scotiabank, said: One example is the recently releasedresearch report, theCapital Mobilization Plan for a Canadian Low Carbon Economy, which estimated that Canada requires an investment of $128 billion over the next 10 years to achieve its 2030 emission reduction targets of 30% below 2005 levels. The net zero report provides a comprehensive outline of the companys commitment to be a net zero bank, and its approach to achieving this goal, and includes Scotias initial financed emissions intensity targets for high-emitting sectors. 11:35. A better tomorrow where our customers, employees and communities all thrive benefits everyone, including our Bank. As Canada and other countries around the world strive to reach net-zero emissions by 2050, Scotiabank is committing $1.25 million in funding to support the Institute for Sustainable Finance (ISF), a multi-stakeholder collaboration hub at the Smith School of Business at Queen's University. Across Scotiabank, were committed to advancing the transition to a low-carbon economy and promoting sustainable economic growth for now, for the future. As Canada's authority on housing, CMHC contributes to the stability of the housing market and financial system, provides support for Canadians in housing need, and offers unbiased housing research and advice to all levels of Canadian government, consumers and the housing industry. Prior to joining Scotiabank in 2022, Cambyse worked in sustainable finance at a global international bank, where he advised companies on ESG and sustainable debt products in the Americas. If you would like to be on the mailing list for next year, please reach out to netzeroresearchfund@scotiabank.com. Development and marketing of new sustainable finance products across asset classes. Prior to this role, Margot was part of the Global Banking and Markets rotational program, where she worked in Equity Research, Sustainable Finance and Prime Services. Phone: 416-409-7394. They include Bloomberg, who for 2020-21 has highlighted Scotiabank as the current #2 Bookrunner of labelled CAD-denominated ESG Bonds issued by Corporates, Governments and SSAs, and Thomson Reuters Loan Connector, who ranked Scotiabank 7th in their 1H 2021 Green and ESG Loan League Table of Top Tier Lenders in the Americas.4. How we choose to bank impacts the world around us, particularly in relation to environmental, social, and governance issues. While these accolades highlight our dedication to delivering client-centric, holistic coverage to our clients, they also speak to the way that capital markets can help business and society reach bigger picture solutions to our shared opportunities and challenges. The Edge of Energy Ep. For more information, follow usonTwitter,Instagram,YouTube,LinkedInandFacebook. Scotiabank's Sustainable Finance Group - a Global Banking and Markets team that offers sustainable finance solutions to corporate, financial, public sector and institutional clients. We arecommittedto helping advance research and collaborationonclimate change andsustainable finance, and the ISF is a great platform to bring like minds together. Listen to Episode seven of the Edge of Energy. March 15, 2022. Lima, January 17, 2022 - The Bank of Nova Scotia (Scotiabank) and Clidda announced a Sustainability Linked Loan and Linked Derivative for US$200 million with which the Peruvian Natural Gas company will continue to strengthen its environmental, social and governance (ESG) strategy. "We are facing a clear shortage of affordable housing in Canada and Scotiabank is proud to work with CMHC to raise that supply," said Jake Lawrence, CEO and Group Head of Global Banking and Markets at Scotiabank. 0 Scotiabank recently added four new bankers to the Sustainability Finance Group including Peter Johnson, chair of the Transition Taxonomy and Sustainable Finance Technical Committee, Melissa Menzies from Sustainalytics, and Patrycja Drainville from Suncor, said a representative for the bank. While numbers are just one view of this phenomena, they paint an impressive picture. Scotiabank plans to mobilize $10 billion over the next ten years in support of CMHC's aspiration that by 2030, everyone in Canada has a home they can afford and that meets their needs. So what does net-zero mean? As Chile pursues its climate and sustainable development targets, Scotiabank is delivering sustainable finance solutions to innovative Chilean companies. 88 0 obj <>stream New financed emissions goals include reducing scope 1 and 2 emissions intensity in the companys Oil and Gas portfolio by 30% and scope 3 emissions intensity by approximately 1525%, and reducing scope 1 and 2 emissions intensity of its Power and Utilities portfolio by 55-60%, by 2030. "Our commitment in support of CMHC's aspiration is another way that Scotiabank is working to build economic resilience for the future," said Mr. Lawrence. As part of its continued efforts to combat climate change, Scotiabank has expanded its Net Zero Research Fund to $10 Million (CAD) to advance partnerships with leading think-tanks and academic institutions that are supporting key sectors in their efforts to decarbonize. Brian Porter, President & CEO Scotiabank, said: Banks are drivers of prosperity, partners that enable the success of businesses small and large, a critical part of the social fabric, and engines of economic growth. Stephen currently leads Business Development in Sustainable Finance for the largest customers in Scotiabanks Commercial segment. As Canada's authority on housing, CMHC is delivering the National Housing Strategy a $70+ billion, 10-year federal investment in housing with additional funding committed by the provinces and territories. Sustainable finance whichlooks tointegrateenvironmental and socialfactors into business decisions and financial processessuch as through adjustments to lending and investing activities will play a key rolein funding thetransition to a low carbon economy. The new goals were announced along with the publication of the banks 2021 Environment, Social and Governance Report, highlighting Scotias progress towards its ESG commitments, and its inaugural Net-Zero Pathways report. As Chair of the Canadian Standards Association Groups Transition Taxonomy and Sustainable Finance Technical Committee, Peters role is to facilitate a cross-sectoral group whose objective is to develop a national transition taxonomy for the Canadian financial services sector. Scotiabanks leading Sustainable Finance Group is pleased to publish its annual ESG Global and Latin America Market Outlooks. "As one of the panelists for the London Women in Finance Virtual Summit, I wanted to take the opportunity to reflect on ways the pandemic has impacted important global issues, such as the United Nation's Sustainable Development Goals (SDGs) and its ambitious agenda to end poverty, protect the planet, reduce inequalities and improve quality of life by 2030." You can manage your preferences, Best Bank for Sustainable Finance in North America, Best Bank in Canada for Sustainable Finance, Sustainable Finance Bank of the Year in Latin America and the Caribbean, Sustainability and climate risk reporting, Scotiabank's Climate Change Centre of Excellence, 2023 ESG Global and Latin America Market Outlooks, Scotiabank participates in debut Sustainability-Linked Notes offering by Liberty Costa Rica, Chiles bold ESG ambitions powered by sustainable finance, Scotiabank participates in sustainability-linked loan to Empresas Pblicas de Medelln, How banks and institutional investment funds are driving the road to net-zero, Scotiabank among top global financial institutions named to the Dow Jones Sustainability North America Index, Green, social, sustainable bonds and loans, Structuring of sustainability financing frameworks. 5: Closing the Loop on Ecosystem Conservation. She also brings experience advising corporate clients on their sustainability performance and supporting corporate sustainability benchmarking. ESG momentum is no longer centred on a few vertical sectors or early adopter industries. CMHC's aim is that by 2030, everyone in Canada has a home they can afford, and that meets their needs. Holly holds a Master of Science in Sustainability Management from the University of Toronto where she studied corporate sustainability, sustainable finance, and ESG-related issues. Peter is a recognized pioneer and leader in shaping corporate sustainability. Demand for social, green bonds 'not a fad' say co-leads of new Scotiabank Sustainable Finance Group. TiffMacklem, now Governor of the Bank of Canada, sat on Scotiabanks Board of Directors while chairing the federallyappointedExpert Panel. 4 min read Annual reporting on the Bank's sustainability. Fin Macdonald gives us a sneak peek at renewable strategy in the building sector and Leslie Woo looks at the built environment through a new lens. I also served at various International financial institutions (banking and non-banking) and Financial Regulatory Authority.<br . Financed emissions typically make up the significant majority of banks climate impact. Matthew joined Scotiabank as an Analyst in the Sustainable Finance Group in 2022. Lima, January 17, 2022 - The Bank of Nova Scotia (Scotiabank) and Clidda announced a Sustainability Linked Loan and Linked Derivative for US$200 million with which the Peruvian Natural Gas company will continue to strengthen its environmental, social and governance (ESG) strategy. Sustainable financing enables the Peruvian Natural Gas company to generate economic, social and environmental value through its operations and services. As participants in this dynamic marketplace, we have helped develop the Canadian sustainable finance market, including supporting notable social bonds, sustainability bonds, and sustainability-linked products. Integrating sustainable development principles from the ground is key to success, CEO says. Foremost among them, the Bank has pledged to. Guided by our purpose: "for every future", we help our customers, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. As a Leading Bank in the Americas, we remain steadfast in our commitment to drive positive change in communities where we bank and around the world, which includes addressing climate change and supporting the transition to a low-carbon economy.. This includes achieving net-zero emissions from our operations and net-zero financed emissions by 2050. Margot joined the Sustainable Finance Group as an Analyst in 2022. In lockstep with client demand, we established our Sustainable Finance Group in June 2020. We understand that assessing and appropriately managing environmental and climate risks is critical to our clients, our long-term operations and our collective business success. We believe climate change is one of the most pressing issues of our time. Mark Segal July 1, 2020. On the company side, organizations must gather and transparently disclose information on their activities to meet investor and stakeholder expectations. Director, Sustainable Finance,Business Development. 3 Year Sustainability Bond US$1,000,000,000 To find out more about the National Housing Strategy, please visit www.placetocallhome.ca. Through ScotiaRISE, Scotiabank will support programs and partner with organizations across its footprint that provide the tools people need to improve their education and employment prospects, adapt to changing circumstances, and increase the likelihood of financial success. As Chile pursues its climate and sustainable development targets, Scotiabank is delivering sustainable finance solutions to innovative Chilean companies. Signatory to the United Nations-convened Net-Zero Banking Alliance (NZBA) to accelerate efforts of the financial sector globally to address climate change. TORONTO, April 12, 2021 /CNW/ - Scotiabank today announced that it is the first large financial institution in Canada to align with Canada Mortgage and Housing Corporation (CMHC) to transform housing affordability across the country. Scotiabank announced the closing of its inaugural USD $1 billion three-year Sustainability Bond offering, in support of the bank's commitment to making a positive impact and creating better communities. The energy feeding our lives has been stretched to its limit. Promoting social, environmental and economic progress must start in our workplace, in our supply chain and in our real estate operations. At Scotiabank, we are leveraging our organizational experience in the sustainability space, as a respected provider of financing and advisory solutions. Viktor Thaut/123RF. Net-zero emissions are achieved when man-made emissions of greenhouse gases into the atmosphere are balanced by man-made removals over a specified period.1Achieving net-zero emissions means emitting no greenhouse gas emissions or offsetting emissions through actions such as tree planting or employing technologies that can capture carbon before it is released into the air.2. Prior to this role, Matthew worked in risk assessment and management at an American insurance corporation. The loan with Scotiabank will allow us to continue expanding the distribution network and connect more than 100,000 new homes in the coming years, promoting access to an affordable, safe and clean source of energy. Matt joined the Sustainable Finance Group from the Corporate Credit Trading desk at Scotiabank, where he was responsible for managing a corporate bond portfolio and market-making with institutional investors. In support of the Government of Canadas net-zero commitments, the Paris Agreement on Climate Change, and as a signatory to the Net-Zero Banking Alliance (NZBA), Scotiabank made a commitment to become a net-zero bank in our financed and operational emissions. TORONTO, August 19, 2021 /3BL Media/ - Scotiabank announced the closing of its inaugural USD 1 billion 3-year Sustainability Bond offering, in support of the Bank's commitment to making a positive impact and creating better communities for every future. endstream endobj 43 0 obj <>/OCGs[66 0 R 67 0 R 68 0 R 69 0 R]>>/Outlines 39 0 R/Pages 40 0 R/Type/Catalog/ViewerPreferences<>>> endobj 44 0 obj <. Scotiabank's Sustainable Finance Group - a Global Banking and Markets team that offers sustainable finance solutions to corporate, financial, public sector and institutional clients across our global footprint- was formed in 2020 to bolster Scotiabank's leadership in Environmental, Social and Governance (ESG) issues, offering integrated . Bank of Nova Scotia announced the closing of its inaugural US$1-billion three-year sustainability bond on Tuesday. - A seasoned financial professional with 20+ years of experience as a Senior Financial Advisor and team leader for retail and business clients and project across North American and global markets.<br>- Held several senior positions at the private and public sectors. Through targeted community investments, we can remove barriers to advancement, increase access to opportunities and create a more inclusive world. 7: Renewable Energy from Food? The Scotiabank Climate Change Centre of Excellence aims to contribute to the global dialogue on climate change, building a better world for everyone, and for every future. TORONTO, Nov. 15, 2022 /CNW/ - Scotiabank's Global Banking and Markets (GBM) business is proud to have been recognized with several 2022 Awards by LatinFinance, the leading source of intelligence. In the US, we served as Joint Lead Arranger and Joint Bookrunner on Dominion Energys US$6.0 billion sustainability-linked facility, and their US$900 million sustainability-linked club revolver, in addition to acting as Joint Bookrunner on NextEra Energys US$1.5 billion 7-year green bond issuance. "By removing barriers to advancement and increasing access to opportunities, we are helping to create a more inclusive and resilient world.". He holds a Master of Science in Climate Change & Sustainable Finance from EDHEC Business School in France and a BS in Statistics & Analytics from the University of North Carolina at Chapel Hill. He now focuses on serving clients in the energy, power and utilities, financials, technology, and public sectors to structure innovative sustainable finance solutions. In this way, Clidda is committed to continue working to generate economic, social and environmental value through its operations and the services it provides. FunctionAccounting & FinanceBusiness Development & SalesCustomer SupportFacilitiesHR & TalentInvestingLegalMarketing & CommunicationsOperationsProcurement & ContractingR & DStrategySupply Chain & DistributionSustainabilityTechnologyOther, ESG investing news, analysis, research and information. At Global Banking and Markets, were proud to have been recognized for the work we do. BMO's commitment will support . At Clidda we know that Natural Gas is synonymous with development, which is why we will continue to be committed to generating progress and improving the quality of life for families in Lima and Callao., 5 Year Sustainability Linked Loan & Linked Derivative, Sustainability Agent, Sole Arranger, Sole Lender & Sole Sustainability-Linked Derivative Provider, Learn more about our Sustainable Finance Group. He helps new and existing clients navigate the evolving ESG/Sustainability landscape with a focus on mobilizing capital and ideas that support the embedding of ESG/Sustainability at the core of an organizations strategy. Scotiabank's Sustainable Finance Group has grown significantly since its inception in 2020 and is an industry leader in developing innovative sustainable financing and ESG advisory solutions to support the Bank's diversified global presence. ESG Talks: Climate Edition ESG with Purpose. They must also set meaningful goals and establish the processes to compile the necessary data, so they can share a compelling narrative with the capital markets. Thats Rubbish! Scotiabank's Sustainable Finance Group - a Global Banking and Markets team that offers sustainable finance solutions to corporate, financial, public sector and institutional clients across our global footprint- was formed in 2020 to bolster Scotiabank's leadership in Environmental, Social and Governance (ESG) issues, offering integrated . With a team of approximately 90,000 employees and assets of approximately $1.2 trillion (as at January 31, 2021), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). Click here to check out the list of 2022 recipients. The bonds were notable for being the largest single sovereign social bond issue last year - ahead of deals by Guatemala ($500 million) and Ecuador ($327 million), and the first ESG bond issued in local currency by Chile out of their sustainable bond framework . Among them, investors want to measure the impact of their investments, including their effectiveness at meeting their stated goals, and their longer-term influence on ESG issues. Scotiabank supports community investments that align with our goals. In 2022, Scotiabank received ten sustainable finance awards, solidifying our position as a leading Bank for sustainable finance across the Americas and include: Scotiabanks leadership in sustainable finance policy developments includes participation in the International Capital Markets Association (ICMA), the Canadian Sustainable Finance Action Councils Taxonomy Technical Expert Group, the Province of Ontarios Affordability Task Force, and the Institute of International Finance (IIF) Sustainable Finance Working Groups. Todays net zero pathways report details several of the banks commitments, including achieving net-zero operations by 2030, securing 100% non-emitting electricity in Canada by 2025, and globally by 2030, mobilizing $350 billion in capital for climate-related finance by 2030, and providing $25 million in community investment over 10 years to support non-profit and charitable partnerships that enable climate-related systems change and sector decarbonization. After several years of lending and investment banking experience in energy, healthcare, private equity, and diversified industries, Stephen joined Scotiabank in Commercial Banking National Accounts in 2019. Sign up for updates on the ways we are using our size, scale and influence to advance progress in the places we operate. Supporting a trailblazing transaction in Colombias power and utilities sector. Bob earned a B.Sc (Hons.) Earlier this year, the International Energy Agency (IEA) published a landmark report that said: The world has a viable pathway to building a global energy sector with net-zero emissions in 2050, but it is narrow and requires an unprecedented transformation of how energy is produced, transported and used globally. We use cookies to ensure that we give you the best experience on our website. Email: patrycja.drainville@scotiabank.com. We focus on impact in four key areas Environmental Action, Economic Resilience, Inclusive Society and Leadership & Governance. %%EOF We help Canadians across the country bring their passions to life by supporting hockey, the arts, running events and other community initiatives that celebrate our goals and embrace our diversity. We use cookies & other technologies to analyze website traffic, personalize content & provide relevant advertising on other websites. Scotiabank leaders will have the opportunity to hear directly from leading Canadian energy companies - and ask questions about - how the Canadian oil sands sector is transforming. Scotiabank's collaboration withCMHC to address housing affordability is aligned toScotiaRISE, Scotiabank's global community investmentinitiative to promote economic resilience among disadvantaged groups. TORONTO, August 19, 2021 /3BL Media/ - Scotiabank announced the closing of its inaugural USD 1 billion 3-year Sustainability Bond offering, in support of the Bank's commitment to making a positive impact and creating better communities for every future. ESG Talks: Climate Edition Carbon Capture, Utilization and Storage. Fanny currently represents Scotiabank as a member of the ICMA's Advisory Council, the CSA Group Transition Taxonomy and IIACs Green Bond Working Group. As a member of the Net-Zero Banking Alliance, Scotiabank is committed to being a net-zero bank by 2050. He holds a B.ESc in Green Process Engineering from Western University and an HBA from the Ivey Business School. TORONTO, Aug. 3, 2021 /CNW/ - Scotiabank today announced the closing of its inaugural USD 1 billion 3-year Sustainability Bond offering, in support of the Bank's commitment to making a positive impact and creating better communities for every future. Wecan only movetowards a sustainable future and transitionby workingwith others we cant do it alone. Seasoned, highly motivated, investment professional with 30 years of increasing leadership experience including in sustainable finance, sustainable infrastructure, capital markets, investment banking, equity research at Scotia Capital; 15 years as an institutional, private debt infrastructure investor on the buy side at Manulife and Sun Life at the time we were decarbonizing Ontario. In Europe, we served as Joint Bookrunner on VMED O2s inaugural US$850 million 10-year green bond transaction. 65 0 obj <>/Filter/FlateDecode/ID[<9437E34730534B58B64DBB049095D8BA>]/Index[42 47]/Info 41 0 R/Length 106/Prev 561833/Root 43 0 R/Size 89/Type/XRef/W[1 2 1]>>stream We use cookies & other technologies to analyze website traffic, personalize content & provide relevant advertising on other websites. Learn how Scotiabank is working to build a more sustainable future for our stakeholders and our business. Fanny Doucet, Head of Sustainable Finance, shares her insights on meeting climate targets, achieving investment returns and satisfying stakeholder needs. This important financing with Clidda is part of our ongoing commitment as Scotiabank to accompany our clients to align their financing needs with sustainability strategies and objectives., For his part, Mario Caballero, financial director of Clidda, reported: Hand in hand with the financial sector, in less than a year we have obtained our second sustainable financing, attesting to our genuine commitment to continue growing under the principles of sustainability and contributing to the development of our country. An excellent opportunity to work #scotiabank from your home office as well as throughout our Barrie area branches. 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 now, and for future generations. 3: If you build it green, they will come. Our risk management policies consider the physical and transition risks associated with climate change, which clarifies our Bank-wide policies about where we direct financing and includes integrating climate risk into investment activities through portfolio management. TORONTO, May 24, 2022 /CNW/ -Scotiabank has been recognized with six wins in the 2022 Global Finance Sustainable Finance Awards, including Best Bank in Canada for leadership in sustainable finance . We outline our first financed emissions targets in our inaugural Net-Zero Pathways Report. He has over 15 years of experience in the financial services industry, including Equity Research, Corporate Banking, Corporate Finance, and Credit, covering clients across a variety of sectors and geographies, mostly in Latin America and the U.S. Daniel has an MBA degree from INCAE Business School and a Certificate in Sustainable Finance and ESG Investing from NYUs Stern School of Business. She also has co-op experience with the Derivative Products Group. Photo courtesy CMHC. He has over 5 years of experience through previous roles held with Scotiabank, including International Banking, Global Risk Management and Canadian Retail Banking. To do so, organizations must design and execute a very individualized corporate sustainability strategy that balances their business objectives and stakeholder priorities with the need to address their most material social and environmental issues. Listen to Episode six of the Edge of Energy. Jointhe ESG Today daily newsletter and get all the top ESG stories, like this one. As Canada and other countries around the worldstrive to reachnet-zero emissions by 2050, Scotiabankis committing $1.25million infunding to support theInstitute for Sustainable Finance(ISF), amulti-stakeholder collaboration hub at the Smith School of Business at Queens University. How can we close the loop, maintain resilience and inform government?
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