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Public Profile
Financial Intermediation
CA
updated 10 days ago

Bank Of Nova Scotia

Company website

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.

61

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.

27

Industry Benchmark

Bank Of Nova Scotia's score of 61 is higher than 79% of the industry. This can give you a sense of how well the company is doing compared to its peers.

79%

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Bank Of Nova Scotia's reported carbon emissions

In 2024, the Bank of Nova Scotia reported total carbon emissions of approximately 25,475,000 kg CO2e for Scope 1 and about 63,759,000 kg CO2e for Scope 2. In 2023, the bank's emissions in Canada included approximately 26,463,000 kg CO2e for Scope 1, 22,694,000 kg CO2e for Scope 2, and 1,030,000 kg CO2e for Scope 3, specifically from fuel and energy-related activities. Globally, the 2023 emissions were about 27,402,000 kg CO2e for Scope 1, 64,777,000 kg CO2e for Scope 2, and included 13,487,000 kg CO2e from business travel and 4,396,000 kg CO2e from fuel and energy-related activities under Scope 3. The Bank of Nova Scotia has set ambitious climate commitments, aiming for net-zero emissions across its operations by 2030. This includes a target to secure 100% non-emitting electricity in Canada by 2025 and globally by 2030. Additionally, the bank achieved a 20% reduction in Scope 1 and 2 greenhouse gas emissions from 2016 levels and aims for a further 25% reduction by 2025. These initiatives reflect the bank's commitment to sustainability and its proactive approach to addressing climate change.

Unlock detailed emissions data

Access structured emissions data, company-specific emission factors, and source documents

201620172018201920202021202220232024
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
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
00,000,000
Scope 3
-
00,000,000
00,000,000
00,000,000
0,000,000
000,000
00,000,000
00,000,000
-

Industry emissions intensity

Very low
Low
Medium
High
Very high
Some industries are more carbon intensive than others. Bank Of Nova Scotia's primary industry is Financial intermediation services, except insurance and pension funding services (65), which is very low in terms of carbon intensity compared to other industries.

Location emissions intensity

Very low
Low
Medium
High
Very high
The carbon intensity of the energy grid powering a company's primary operations has a strong influence on its overall carbon footprint. This request for Bank Of Nova Scotia is in CA, which has a low grid carbon intensity relative to other regions.

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 participating in any of the initiatives that 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.

Science Based Targets Initiative
Carbon Disclosure Project
The Climate Pledge
UN Global Compact
RE 100
Climate Action 100
Race To Net Zero
Reduction Actions

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Where does DitchCarbon data come from?

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