SOURCE: Scotiabank


November 06, 2015 15:31 ET

Scotiabank Recognized for Its Climate Change Transparency

TORONTO, ON--(Marketwired - November 06, 2015) - Today, Scotiabank was recognized as a leader by CDP for its transparency when disclosing information relating to climate change.

Scotiabank earned a position on the Climate Disclosure Leadership Index (CDLI) by disclosing high quality carbon emission and energy data through CDP's climate change program. Each organization listed on the index is marked out of a total of 100 and the top 10% constitute the CDLI. Scotiabank scored 98.

At the request of 822 investors who represent US$95 trillion in assets, thousands of companies submit annual climate disclosures to CDP. Top scores indicate a high level of transparency in the disclosure of climate change-related information, providing investors with a level of comfort to assess corporate accountability and preparedness for changing market demands and emissions regulation.

"Scotiabank is honoured to be included in CDP's Climate Disclosure Leadership Index this year," said Terri Williams, Vice President, Corporate Social Responsibility at Scotiabank. "This recognition reflects the Bank's ongoing commitment to being transparent in disclosing its performance on carbon management."

The news comes three weeks ahead of COP21, the UN climate change conference, where national leaders meet to agree on a global deal to reduce carbon emissions and limit temperature warming.

"As the world looks beyond the Paris climate change negotiations and prepares for a low carbon future, reliable information about how companies are responding to the transition will be ever more valuable," said Paul Dickinson, Executive Chairman and Co-Founder of CDP. "For this reason, we congratulate those businesses that have achieved a position on CDP's Climate Disclosure Leadership Index."

CDP is an international not-for-profit that drives sustainable economies and ranks companies each year based on their climate-related disclosures to investors.

About Scotiabank

Scotiabank is Canada's international bank and a leading financial services provider in North America, Latin America, the Caribbean and Central America, and parts of Asia. We are dedicated to helping our 21 million customers become better off 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 more than 87,000 employees and assets of $863 billion (as at July 31, 2015), Scotiabank trades on the Toronto (TSX: BNS) and New York Exchanges (NYSE: BNS). Scotiabank distributes the Bank's media releases using Marketwired. For more information, please visit and follow us on Twitter @ScotiabankNews.

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