Scotiabank
Sustainability Report and Carbon Intensity Rankings
Is Scotiabank doing their part?
Their DitchCarbon score is 58
Scotiabank has a DitchCarbon Score of 58 out of 100, indicating a moderate level of sustainability in its operations. This score reflects the bank’s carbon intensity, suggesting there is room for improvement in reducing emissions. A higher score would demonstrate a stronger commitment to lowering carbon intensity and enhancing environmental sustainability.
This was calculated based on 30+ company specific emissions data points, the higher the score, the better. Check out our methodology.
Industry emissions intensity
Very low
Low
Medium
High
Very high
Scotiabank is part of the finance sector, which has a very low carbon intensity ranking compared to other industries. Some industries are more damaging than others, this ranking gives you an indication of how carbon intensive the industry is which this company operates in.
Location emissions intensity
Very low
Low
Medium
High
Very high
Scotiabank operates in Canada, a country with a very low carbon intensity rating, indicating a cleaner energy mix and lower greenhouse gas emissions. This favorable environmental context supports Scotiabank’s sustainability efforts by reducing the carbon footprint associated with their operations.
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– Historical Scope 1, 2 and 3 emissions
– Coverage of all industries, product level data
– Emissions forecasting, assurances
Unlock 30+ emissions data points on Scotiabank
Get the emissions intelligence you need, no surveys required.
– Historical Scope 1, 2 and 3 emissions
– Coverage of all industries, product level data
– Emissions forecasting, assurances
7.17%
...this company is doing 7.17% better in emissions than the industry average.
Scotiabank, founded in 1832 and headquartered in Toronto, operates in the finance sector as Canada’s international bank. It offers a wide array of services including personal and commercial banking, wealth management, private banking, corporate and investment banking, and capital markets. With a global presence in North America, Latin America, the Caribbean, Central America, and Asia-Pacific, the bank serves over 23 million customers with a workforce exceeding 88,000 employees.
emission intelligence's platform recommendations for Scotiabank
Scotiabank should undertake a thorough assessment of all direct emissions sources to identify and quantify Scope 1 emissions comprehensively, which could potentially reduce their emissions by 15%.
Bad news, Scotiabank hasn't committed to SBTi goals yet
Scotiabank has not yet established specific commitments with the Science Based Targets initiative (SBTi). This means the bank is currently not aligned with a clear set of actions to reduce greenhouse gas emissions in line with climate science.
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Our methodology
Read about our emission calculation methodologies, and what the DitchCarbon Score means.
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