TORONTO, Dec. 2, 2022
/CNW/ - Scotiabank announced today that it has been named Bank of
the Year in Canada by The Banker
magazine and has also received The Banker's global award for
Banking in the Community. This is the fourth consecutive year that
Scotiabank has received the Bank of the Year in Canada award from the Financial Times-owned
publication and follows the Bank's recognition as Investment Bank
of the Year for the Americas earlier this year.
"We are very pleased that Scotiabank has been recognized by The
Banker for the fourth year in a row for our longstanding commitment
to delivering for our customers and clients and offering them a
best-in-class banking experience," said Brian Porter, Chief Executive Officer at
Scotiabank. "Our team continues to put our customers first as we
introduce new services, products and tools to help them manage
through these challenging times. We are also exceedingly proud that
our ScotiaRISE program has been recognized for the real and
positive impact it is having on the communities we serve.
Congratulations to our winning team of Scotiabankers on these
well-deserved recognitions."
Notable highlights from this year's recognition include:
- The launch and expansion of the Scene+™ loyalty program, which
brings together SCENE® and Scotia Rewards®. With Scotiabank,
Cineplex and Empire Company Limited as co-owners, Scene+ offers a
uniquely flexible loyalty program for Canadians, giving them
options to earn and redeem points on nearly all their daily
purchases, including groceries, entertainment, travel and many
others.
- Scotia Smart Investor, the Bank's digital-assisted investment
advice platform, which features an intuitive and simplified
goal-planning experience, curated solution recommendations to
customers and personalized insights and investment performance
tracking. It creates a streamlined approach to onboarding,
planning, fulfillment and tracking of investors' goals and
priorities, wrapped in a single account for Term Deposits, Savings
& Mutual Funds.
- The Scotiabank Women Initiative® continues to grow, providing
unbiased access to capital and tailored solutions, specialized
education, advisory services, and mentorship to more women across
the Americas—helping them to succeed in business, in their careers,
and in managing their wealth. This year, the Bank increased its
commitment to deploy capital to women-owned and women-led
businesses in Canada to
$10 billion by 2025 and has deployed
$5.6 billion to date. The program
also launched in Chile,
Jamaica, and Costa Rica—with plans
to expand across most of the Bank's footprint by 2025.
- Scotiabank's environmental, social, and governance (ESG)
progress, outlined in its 2021 ESG Report, continues to drive
positive change against four key pillars — Environmental Action,
Economic Resilience, Inclusive Society, and Leadership &
Governance. The Bank's Sustainable Finance Group has also grown
significantly since its inception in 2020 and is an industry leader
in developing innovative sustainable financing and ESG advisory
solutions to support the Bank's diversified global presence.
Scotiabank was also recognized for Bank of the Year in
Barbados, Jamaica, Trinidad
& Tobago and Turks & Caicos.
Global Banking in the Community
2022 Award
The Banker also recognized Scotiabank with the global Banking in
the Community 2022 award for its commitment to drive meaningful
impact in the communities it serves through ScotiaRISE— the Bank's
10-year, $500-million community
investment program to strengthen economic resilience among
disadvantaged groups.
"Through our partnerships with organizations across our Bank's
global footprint, we are providing disadvantaged individuals,
families and communities with the support they need to become
economically resilient, overcome barriers, and participate more
fully in the economy," said Meigan
Terry, Senior Vice President and Chief Sustainability,
Social Impact, and Communications Officer at Scotiabank. "We're
proud that the ScotiaRISE program has been recognized for its
innovation in enriching and improving the societies in which we
operate."
Scotiabank launched ScotiaRISE in January
2021 with a mission to strengthen economic inclusion and
resilience across communities with a particular focus on
disadvantaged groups. ScotiaRISE invests in partnerships and
programs within three priority focus areas—increasing high school
graduation and post-secondary participation; helping newcomers
settle in new countries and feel at home faster; and assisting
those facing barriers to employment with career development or
career progression.
To date, ScotiaRISE has supported more than 200 community
partners and provided more than $60
million in community investments globally.
About Scotiabank
Scotiabank is a leading bank in the Americas. Guided by our
purpose: "for every future", we help our customers, their families
and their communities achieve success through a broad range of
advice, products and services, including personal and commercial
banking, wealth management and private banking, corporate and
investment banking, and capital markets. With a team of over 90,000
employees and assets of over $1.3
trillion (as at October 31,
2022), Scotiabank trades on the Toronto Stock Exchange (TSX:
BNS) and New York Stock Exchange (NYSE: BNS). For more information,
please visit http://www.scotiabank.com and follow us on Twitter
@Scotiabank.
SOURCE Scotiabank