The Bank of Nova Scotia, commonly known as Scotiabank, is a leading financial institution headquartered in Canada. Established in 1832, it has grown to become one of the largest banks in the country, with a significant presence in North America, Latin America, and the Caribbean. Operating within the financial intermediation services sector, Scotiabank offers a diverse range of products, including personal and commercial banking, wealth management, and investment services.
Scotiabank is renowned for its commitment to customer service and innovative financial solutions, making it a preferred choice for millions. The bank has achieved notable milestones, including its expansion into international markets and recognition for its corporate social responsibility initiatives. With a strong market position, Scotiabank continues to adapt to the evolving financial landscape, ensuring it meets the needs of its clients effectively.
+46 vs industry average
Bank Of Nova Scotia’s score of 83 is higher than 89% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Industry Intensity
Financial Intermediation is among the least carbon-intensive industries
Industry performance
The Financial Intermediation industry has reduced its overall emissions by 33% since 2018
Emissions trajectory 2020 – 2028
Reported emissions
Scope 3 accounts for ••• of total emissions.
Bank Of Nova Scotia's reported carbon emissions
The Bank of Nova Scotia (CA) is committed to reducing its environmental impact. For 2025, the bank reported Scope 1 emissions of approximately 25,372,000 kg CO2e and Scope 2 market-based emissions of approximately 48,376,000 kg CO2e. Scope 3 emissions for investments in 2025 were approximately 17,100 kg CO2e.
The bank has set ambitious climate targets. By 2030, Scotiabank aims to achieve net-zero emissions in its operations, including securing 100% non-emitting electricity globally by 2030. Furthermore, it has a target to reduce Scope 1 and 2 GHG emissions by 40% by 2030, using 2016 as the baseline year. Historically, the bank achieved a 20% reduction in Scope 1 and 2 GHGs from 2016 levels and previously had a target to reduce emissions by 25% by 2025 from the same baseline. As of 2021, Scotiabank had mobilized approximately $58 billion towards its goal of mobilising $100 billion in capital by 2025 to reduce climate change impacts. The bank also aims to decarbonise its own operations and is on track to meet its target of 100% emission-free energy sources for global operations by 2030. The bank's climate strategy includes enhancing the integration of climate risk assessments in lending, financing, and investing activities, and supporting customers in the transition to a low-carbon economy.
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Bank Of Nova Scotia’s Climate Goals (2030 & 2050)
9 goals2030
35% reduction in all scopes
Réduction des émissions de GES de portées 1 et 2 La réduction des émissions de GES provenant de nos activités constitue un élément important…
2030
62% reduction in total GHG
Vs 2019 baseline. Validated by SBTi. Includes full supply chain.
2040
50% reduction in Scope 3 intensity
Across purchased goods and services and logistics.
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Scope 3 top emissions categories
1 of 15 categories disclosedSee all scope 3 categories
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Emissions comparison with industry peers
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Bank Of Nova Scotia
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