Bank Of Nova Scotia
The Bank of Nova Scotia, commonly known as Scotiabank, is a leading financial institution headquartered in Toronto, Canada. Established in 1832, it has grown to become one of North America's largest banks, with a significant presence in various regions, including Latin America and the Caribbean. Operating within the banking and financial services industry, Scotiabank offers a diverse range of products, including personal and commercial banking, wealth management, and investment services. Its commitment to innovation and customer service sets it apart in a competitive market. With a strong market position, Scotiabank has received numerous accolades for its financial performance and corporate responsibility, solidifying its reputation as a trusted partner for millions of customers worldwide.
DitchCarbon Score
How does Bank Of Nova Scotia's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Bank Of Nova Scotia's score of 23 is higher than 93% of the industry. This can give you a sense of how well the company is doing compared to its peers.
Bank Of Nova Scotia's reported carbon emissions
In 2023, the Bank of Nova Scotia reported total carbon emissions of approximately 92,179,000 kg CO2e globally, with specific emissions of about 27,402,000 kg CO2e from Scope 1 and approximately 64,777,000 kg CO2e from Scope 2. In Canada, the bank's emissions for the same year were about 26,463,000 kg CO2e for Scope 1 and approximately 22,694,000 kg CO2e for Scope 2. Over the years, the bank has shown fluctuations in its emissions. For instance, in 2021, total emissions were about 104,432,000 kg CO2e globally, with Scope 1 emissions at approximately 22,493,000 kg CO2e and Scope 2 emissions at about 91,504,000 kg CO2e. Despite these figures, the Bank of Nova Scotia has not publicly committed to specific reduction targets or initiatives, as indicated by the absence of documented reduction targets or climate pledges. This lack of formal commitments may reflect broader industry trends where financial institutions are increasingly scrutinised for their environmental impact and climate strategies. The bank's emissions data highlights the importance of ongoing monitoring and potential future commitments to reduce carbon footprints in alignment with global climate goals.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
Add to project| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
|---|---|---|---|---|---|---|---|---|
| Scope 1 | 13,700,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 2 | 125,053,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
| Scope 3 | 15,445,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 000,000 | 00,000,000 | 00,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Bank Of Nova Scotia is not committed to any reduction initiatives we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
