The world’s best bank for corporate responsibility: Scotiabank

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The world’s best bank for corporate responsibility: Scotiabank

The bank’s 10-year ScotiaRise programme has gone from strength to strength, reaching out to indigenous communities and aligning with its truth and reconciliation committee’s work.

In 2023, Scotiabank’s signature corporate responsibility programme, ScotiaRise, began to hit its stride. This is a 10-year initiative launched in 2021, and it is already having a demonstrable impact in the communities where the $500 million planned investment is being deployed.

The aim of ScotiaRise is to strengthen economic resilience among disadvantaged people and groups. Last year, the bank supported more than 200 community partners, with $42.2 million in global community investments, up 24% from the previous year.

Total investment to date is now $102 million, but Meigan Terry, who has been leading the bank’s environmental, social and governance strategy since she joined in 2018, is wary of providing these dollar amounts without context.

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