The Bank of Nova Scotia (Sucursal de Panamá) Sustainability Profile
The Bank of Nova Scotia, commonly known as Scotiabank, is a leading financial institution headquartered in Panama City, Panama. Established in 1832, Scotiabank has grown to become a prominent player in the banking industry, particularly in Latin America and the Caribbean. The bank offers a comprehensive range of services, including personal and commercial banking, wealth management, and investment solutions, distinguished by its commitment to customer service and innovative financial products. With a strong market presence, Scotiabank has achieved significant milestones, including its expansion into various regions across Central America. The bank's focus on digital banking solutions and sustainable finance positions it as a forward-thinking leader in the financial sector, catering to the diverse needs of its clients while maintaining a robust reputation for reliability and trustworthiness.
DitchCarbon Score
How does The Bank of Nova Scotia (Sucursal de Panamá)'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
The Bank of Nova Scotia (Sucursal de Panamá)'s score of 53 is higher than 73% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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The Bank of Nova Scotia (Sucursal de Panamá) currently does not report specific carbon emissions data, as no emissions figures are available. However, it is important to note that the bank is a current subsidiary of The Bank of Nova Scotia, which may influence its climate commitments and initiatives. As part of its corporate family, The Bank of Nova Scotia has been involved in various climate-related initiatives, including participation in the Carbon Disclosure Project (CDP) at a cascade level of 1. This indicates that while specific emissions data for the Panama branch is not disclosed, it may align with broader commitments and targets set by its parent organisation. At this time, there are no documented reduction targets or climate pledges specific to The Bank of Nova Scotia (Sucursal de Panamá). The absence of specific data suggests that the bank may still be in the process of establishing its own climate strategy or reporting framework. In summary, while The Bank of Nova Scotia (Sucursal de Panamá) does not currently provide emissions data or specific climate commitments, it is part of a larger organisation that is engaged in climate initiatives, potentially influencing its future sustainability efforts.
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| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| 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 | 0,000,000.00 | 000,000 | 00,000,000 | 00,000,000 | 00,000,000 |
How Carbon Intensive is The Bank of Nova Scotia (Sucursal de Panamá)'s Industry?
How Carbon Intensive is The Bank of Nova Scotia (Sucursal de Panamá)'s Location?
The Bank of Nova Scotia (Sucursal de Panamá)'s Scope 3 Categories Breakdown
The Bank of Nova Scotia (Sucursal de Panamá)'s Scope 3 emissions, which increased by 79% last year and increased by approximately 78% since 2017, demonstrating supply chain emissions tracking. Their carbon footprint includes suppliers and value chain emissions, with Scope 3 emissions accounting for 27% of total emissions under the GHG Protocol, with "Business Travel" being the largest emissions source at 51% of Scope 3 emissions.
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The Bank of Nova Scotia (Sucursal de Panamá)'s Climate Goals (2030 & 2050)
Climate goals typically focus on 2030 interim targets and 2050 net-zero commitments, aligned with global frameworks like the Paris Agreement and Science Based Targets initiative (SBTi) to ensure alignment with global climate goals.
The Bank of Nova Scotia (Sucursal de Panamá) has not publicly committed to specific 2030 or 2050 climate goals through the major frameworks we track. Companies often set interim 2030 targets and long-term 2050 net-zero goals to demonstrate measurable progress toward decarbonization.
