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 38 is higher than 90% 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 significant carbon emissions, totalling approximately 406,116,000 kg CO2e globally. This figure includes 26,463,000 kg CO2e from Scope 1 emissions, which encompass direct emissions from owned or controlled sources, and 64,777,000 kg CO2e from Scope 2 emissions, related to indirect emissions from the generation of purchased electricity. Notably, the bank's Scope 3 emissions were substantial, reaching about 565,453,000 kg CO2e, primarily driven by capital goods and business travel. The bank has not publicly disclosed specific reduction targets or initiatives aimed at decreasing its carbon footprint. However, it is essential to note that the absence of defined reduction targets does not diminish the importance of their ongoing climate commitments. The Bank of Nova Scotia continues to engage in various sustainability efforts, aligning with industry standards for climate action. Overall, the bank's emissions data reflects a complex landscape of carbon management, highlighting the need for continued focus on reducing both direct and indirect emissions in the coming years.
Unlock detailed emissions data
Access structured emissions data, company-specific emission factors, and source documents
| 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 | 000,000,000 |
| Scope 2 | 125,053,000 | 000,000,000 | 000,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 |
| Scope 3 | 15,445,000 | 00,000,000 | 00,000,000 | 00,000,000 | 0,000,000 | 000,000 | 00,000,000 | 000,000,000 |
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.
