Fanny Doucet, Head of Sustainable Finance, shares her insights on meeting climate targets, achieving investment returns and satisfying stakeholder needs. Listen to the ESG Talk on getting to net zero in the oil sands. She is a contributing member of the sustainability community and a key participant in many national and global initiatives aimed at the evolution and growth of sustainable finance. She leads the coverage responsibilities and ESG advisory solutions, as part of the Banks commitment to mobilize $350 billion in climate financing by 2030. 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. Climate Strategist-Kevin Quinlan, Director of Research at The Institute of Sustainable Finance-Ryan Riordan and Scotiabanks own Head of ESG Research-Patrick Bryden join us to show how Canada is poised become an economic influencer by accelerating innovation while mobilizing and securing a sustainable economic future. Safe and affordable housing is a basic need to creating a more inclusive society where everyone has the opportunity to be well and succeed," said Romy Bowers, President and CEO, CMHC. 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.. At Global Banking and Markets, were proud to have been recognized for the work we do. "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. I also served at various International financial institutions (banking and non-banking) and Financial Regulatory Authority.<br . With Canadas new ban on some single-use plastics, Scotiabank is implementing a pilot project for reusable takeout containers at its downtown headquarters. 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. Naturally, amid the opportunities, the field of sustainable finance faces challenges. 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. Wecan only movetowards a sustainable future and transitionby workingwith others we cant do it alone. Kshamta Kaushik shares her views on how the COVID-19 pandemic has impacted important global issues, such as the United Nation's Sustainable Development Goals and its ambitious agenda to end . Achieved 29% reduction of our Scope 1 and 2 emissions (against our 2016 baseline), progressing towards our target of 35% reduction by 2030. 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. Patrycja has over 15 years experience in sustainability, having previously worked with large-cap North American energy companies where she was focused on disclosure, stakeholder engagement, and ESG integration across the corporate strategy, supply chain, and finance functions. President and CEO of The Canadian Renewable Energy Association-Robert Hornung, Chief Commercial Officer of Loop Energy-George Rubin and President and Chief Executive Officer of TransAlta-John Kousinioris get down to the gigawatts of it all. As part of its mandate, the ISF established the Canadian Sustainable Finance Network (CFSN), an independent formal research and educational network for academics, industry and government. Learn how Scotiabank is working to build a more sustainable future for our stakeholders and our business. The ISF, which officially launchedinNovember2019, is the first collaborative hub in Canada that brings together academia and the private sector through four pillarsresearch, education, collaboration and outreachwith the purpose of innovating for Canadas future in sustainable finance. 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 eligible categories for the use of proceeds - Renewable Energy, Energy Efficiency, Pollution . The team, comprising talented professionals who bring together robust capital markets expertise and leading-edge sustainability backgrounds, builds on Scotiabanks longstanding ESG leadership and works closely with partners across the Bank, including the Social Impact and Sustainability team, among others. 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. Proceeds from the bond, which has an annual interest rate of 0.65% and matures on July 31, 2024, will be used to finance or refinance green and/or social assets that meet Scotiabank's . Our most important investment is the one we make in our people. 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. The Expert Panels 15 recommendations were intended to spur the actionsneeded to bring sustainable finance into the mainstream, so that climate change opportunity and risk management eventually become business-as-usual in financial services. 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. Gain insights into these latest developments and trends in carbon markets from guest speaker Lisa DeMarco, ranked by Chambers Global and Chambers Canada as one of the worlds leading climate change lawyers. Scotiabanks leading Sustainable Finance Group is pleased to publish its annual ESG Global and Latin America Market Outlooks. Report Highlights. 0 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. 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 report outlines Scotiabank's ongoing commitment to building a more resilient, inclusive and sustainable world by advancing the issues that matter most to customers, shareholders, employees . 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. 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 <. Indeed, until very recently, this year's winner still boasted a long-running membership of the Canadian Association of [] As a member of the Net-Zero Banking Alliance, Scotiabank is committed to being a net-zero bank by 2050. from the University of Western Ontario in Physics, as well as a JD from the University of Toronto Faculty of Law. In this regard, Ignacio Belaunde, Vice President of Investment Banking at Scotiabank, stated: The financial sector plays a fundamental role in mobilizing resources and making investment decisions that contribute to building a sustainable future, taking into account social and environmental factors. 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. 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. Development and marketing of new sustainable finance products across asset classes. Canada-based Scotiabank announced the launch of a new Sustainable Finance Group within its Global Banking and Markets (GBM) division. Director, Sustainable Finance, Learn more about our Sustainable Finance Group. 2: Transportation and its Most Important Passenger: Clean Energy. 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, superior Centres and Services - The Institute for Sustainable Finance - Research - Research Advisory Council Research Advisory Council The RAC is comprised of leading practitioners and academics in sustainable finance research and innovation. Stephen obtained an MSC in Investments from the University of Birmingham, England, and an MBA from the Rotman School of Management at University of Toronto. To this end, we have committed to setting credible, robust targets for financed emissions associated with our lending and investment activities, in line with achieving the objectives of the Paris Climate Agreement. 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 . Matt holds a double-degree from Wilfrid Laurier University (BA in Financial Mathematics and BBA in Finance). 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 footprintwas formed in 2020 to bolster Scotiabank's leadership in Environmental, Social and Governance(ESG) issues, offering integrated, superior solutions to our clients' evolving sustainable finance and ESG requirements. See how HFA Petra in Barrie, Ontario turned a life altering moment into a new opportunity for our client 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. We enable progress by providing customers with financial services, products and advice that help advance opportunities for positive impact. Phone: 416-409-7394. Phone:416-272-9064. #bestplacestowork2022 Commitments include joining the Partnership for Carbon Accounting Financials (PCAF) and pursuing a net-zero target in financed emissions . The Edge of Energy Ep. Climate-related issues have always dominated sustainable finance, so it may raise a few eyebrows that Euromoney has named as North America's best bank for sustainable finance a firm that saw its fossil-fuel investments jump by 87% in 2021. 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. Foremost among them, the Bank has pledged to. Supporting a leading provider of fixed and mobile telecommunications services in Costa Rica. Matthew joined Scotiabank as an Analyst in the Sustainable Finance Group in 2022. This assessment is based on the following: Use of Proceeds. hb```a``A2@Zv90sD%q'ef800ut4ettb|u - 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. 1: What exactly is the energy transition and why is it important? KINGSTON, Ont., November 19, 2020 - The Institute for Sustainable Finance (ISF) today announced that Canada's big five banks, TD Bank Group, Scotiabank, CIBC, BMO and RBC, have committed $5 million to support ISF's mission of aligning mainstream financial markets with Canada's transition to a lower carbon economy.. ISF is the first-ever collaborative hub in Canada that brings together . Financial institutions, as well aspublic financing,dictate where capital flows, and in turn,what projects are developed todriveneeded change, he added. 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 . 42 0 obj <> endobj The Edge of Energy Ep. 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. Most recently, we see the emergence of sustainability-linked products geared to issuers and investors with more diverse ESG objectives, including the many social, health and inequality issues amplified during the pandemic. BloombergNEF and Scotiabank, as at July 31, 2021. Our risk-based approaches consider how we can integrate climate risk assessments across all business lines and activities. Participated in the United Nations Environment Programmes Finance Initiative (UNEP FI) TCFD and Climate Risk program, enhancing our ability to evaluate climate-related transition and physical risks in our lending portfolio. An excellent opportunity to work #scotiabank from your home office as well as throughout our Barrie area branches. Evaluation Summary. By Jake Lawrence, CEO and Group Head, Global Banking and Markets, and Fanny Doucet, Director, Sustainable Finance. CarbonCures concrete solutions make headway in cutting CO2 emissions. 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. March 15, 2022. Scotiabanksfive-year partnership with the ISF will be an important element ofthe banks Climate Change Centre of Excellence, which aims to mobilize collaboration, dialogue and information sharing tosupportglobal efforts to address climate change, saysSandra Odendahl,VicePresidentof Social Impact & Sustainability. The Edge of Energy Ep. Listen to the ESG Talk on ESG with purpose. Discover what we have to offer Financing Best-in-class structuring and execution of sustainable finance transactions. Secured 67% of our electricity from non-emitting. One way the ISFintendsto put Canada on the map is by helping to tackle theRecommendations of the Expert Panel on Sustainable Finance,releasedby the Canadian government last year. Continue to enhance our reporting in alignment with TCFD recommendations and the Partnership for Carbon Accounting Financials (PCAF) guidelines. 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