TORONTO, Nov. 13,
2024 /CNW/ - Today, Scotiabank announced the ten
recipients of its 2024 Net-Zero Research Fund. Grants totalling
approximately $1 million have been
awarded to organizations in Canada, Colombia, Mexico, and Peru that are developing research and
initiatives related to decarbonization and net-zero transition.
"This is the fourth year that Scotiabank is awarding grants
through our Net-Zero Research Fund, and it is energizing to see
such an impressive quality of entries. Congratulations to this
year's recipients, who have once again raised the bar to deliver
new insights and research in public policy, science, and technology
to advance the transition to a lower-carbon economy,"
said Meigan Terry, Senior Vice President and Chief
Sustainability, Social Impact and Communications Officer at
Scotiabank.
One of this year's grants supports an initiative led by Farmers
for Climate Solutions in collaboration with the Smart
Prosperity Institute and the Nature Investment Hub. Together, these
organizations are exploring ways to reduce the potential
financial risks faced by farmers transitioning to low-carbon
agriculture by using climate and nature-smart beneficial management
practices.
The climate-related initiatives of the 2024 recipients cover
cross-sector carbon emissions measurement, capture and reduction,
approaches to lowering agricultural emissions, the development
of alternative biofertilizers, and low-carbon heating and
cooling.
Global grants:
- Colombia: Alliance for
Responsible Mining
- Colombia: Amazonía
Emprende
- Mexico: LiCore
- Peru: Universidad De
Ingeniería y Tecnología
Canada grants:
- Beyond21 Academy
- Farmers for Climate Solutions
- Green Iglu
- Northern Alberta Institute of Technology
- Simon Fraser University
- University of British Columbia
Scotiabank's Net-Zero Research Fund plans to distribute
$10 million in grants to
organizations conducting research and leading initiatives in
support of the transition to a low-carbon economy. Since 2021,
approximately $4 million has been distributed to more
than 40 registered charities and non-profit organizations in
support of climate-related research and opportunities for
decarbonization.
For information about the Net-Zero Research fund and the
projects it has supported, visit the Scotiabank Climate Change
Centre of Excellence.
About Scotiabank
Scotiabank's vision is to be our
clients' most trusted financial partner, to deliver sustainable,
profitable growth and maximize total shareholder return. Guided by
our purpose: "for every future," we help our clients, 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 assets
of approximately $1.4 trillion (as at
July 31, 2024), Scotiabank trades on
the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange
(NYSE: BNS). For more information, please visit www.scotiabank.com
and follow us on X @Scotiabank.
SOURCE Scotiabank
