Canada's transition angle to the Great Taxonomy Debate We've got a lot of research ideas that we would like to capitalize on, as well aseducational pursuits and collaborative opportunities., Scotiabanks Loretta Marcocciarecognized by Report on Business Best Executive Award, BAND helps Jamaican-born artist Owen Gordon find recognition, We use cookies & other technologies to analyze website traffic, personalize content & provide relevant advertising on other websites. "We are steadfast in our commitment to support Scotiabank's sustainability and climate change initiatives by offering innovative and high-quality sustainable finance products, solutions and advice . We understand that assessing and appropriately managing environmental and climate risks is critical to our clients, our long-term operations and our collective business success. TORONTO, August 19, 2021 /3BL Media/ - Scotiabank announced the closing of its inaugural USD 1 billion 3-year Sustainability Bond offering, in support of the Bank's commitment to making a positive impact and creating better communities for every future. Steve is focused on providing Financing, Advisory and Innovative ideas to help Canada's most successful businesses excel in their Decarbonization and ESG journeys. How we choose to bank impacts the world around us, particularly in relation to environmental, social, and governance issues. 7: Renewable Energy from Food? 0 Director, Sustainable Finance, Global Banking and Markets Jun 2021 - Present1 year 10 months Toronto, Ontario, Canada Peter works within Scotiabank's Sustainable Finance Team creating and. TORONTO, Nov. 15, 2022 /CNW/ - Scotiabank's Global Banking and Markets (GBM) business is proud to have been recognized with several 2022 Awards by LatinFinance, the leading source of intelligence. Wecan only movetowards a sustainable future and transitionby workingwith others we cant do it alone. For more information, follow usonTwitter,Instagram,YouTube,LinkedInandFacebook. Viktor Thaut/123RF. We use knowledge and partnerships to help address the challenges that face individuals, communities and the environment. He has over 5 years of experience through previous roles held with Scotiabank, including International Banking, Global Risk Management and Canadian Retail Banking. Prior to this role, Matthew worked in risk assessment and management at an American insurance corporation. We are pleased to congratulate our 2022 Fund winners. In Latin America, we were named Joint Bookrunner on Suzanos US$1 billion 10-year sustainability-linked bond, the companys third SLB transaction. One of the key goals highlighted in the report is CIBC's commitment to mobilize $300 billion in sustainable finance by 2030. Our commitments ScotiaRISE Well work alongside your organization to incorporate sustainability across all your capital markets activities, leverage opportunities, reduce risk, and align your financing and investing with your sustainability strategy and goals. On this episode of Market Points presented by The Scotiabank Women Initiative, we are joined by Agnes Vara, Director, Term Funding and Capital Management in Group Treasury, who has played an integral part in Scotiabank's own . Mark Segal July 1, 2020. And, we were Sole Agent and Sole Sustainability Structuring Advisor on Telefonica Colombias US$53 million equivalent 3-year nonrevolving credit facility, its first sustainability-linked loan. 5: Closing the Loop on Ecosystem Conservation. Scotiabank Home Financing Advisors changing lives! Sharing information and knowledge through events, training sessions or conferences. Patrycja holds a Bachelor of Arts degree in Economics from the University of Calgary and an MBA from Dalhousie University. Please see the net-zero update in the 2022 ESG Report. 42 0 obj <> endobj Margot joined the Sustainable Finance Group as an Analyst in 2022. Stephen has a track record of success in delivering impactful results. Through ScotiaRISE, Scotiabank will support programs and partner with organizations across its footprint that provide the tools people need to improve their education and employment prospects, adapt to changing circumstances, and increase the likelihood of financial success. Canada-based financial services company Scotiabank announced today the closing of its inaugural sustainability bond offering, raising US$1 billion in the largest deal of its kind to date by a Canadian financial or corporate. To mobilize internal and external collaboration, dialogue and information sharing and contribute to the global conversation on climate change, we are building upon and expanding Scotiabanks Climate Change Centre of Excellence to support Partnerships & Collaborations, Information & Knowledge and Resources & Publications. Patrycja is Director of Sustainable Finance at Scotiabank. Commitments include joining the Partnership for Carbon Accounting Financials (PCAF) and pursuing a net-zero target in financed emissions . Phone:416-272-9064. Listen to Episode One of the Edge of Energy, Pandemic ushers in wave of demand for COVID-related bonds, Pandemic increases demand for COVID-related green bonds, Scotiabank commits $1.25 million to the Institute of Sustainable Finance, Scotiabanks commitment to sustainable finance, Canadas transition angle to the Great Taxonomy Debate, Canadas transition toward low-carbon economy. This important financing with Clidda is part of our ongoing commitment as Scotiabank to accompany our clients to align their financing needs with sustainability strategies and objectives., For his part, Mario Caballero, financial director of Clidda, reported: Hand in hand with the financial sector, in less than a year we have obtained our second sustainable financing, attesting to our genuine commitment to continue growing under the principles of sustainability and contributing to the development of our country. While these accolades highlight our dedication to delivering client-centric, holistic coverage to our clients, they also speak to the way that capital markets can help business and society reach bigger picture solutions to our shared opportunities and challenges. We are steadily evolving our offerings, ranging from green products (e.g., green bonds and loans) that help clients transition to a low emissions economy to diverse social instruments (e.g., social bonds and sustainability-linked loans with social KPIs) that help organizations meet other milestones towards a sustainable economy. Managing Director and Head, Corporate Fixed Income Origination, Bob has global management responsibility for Debt Capital Markets, Securitization, the Derivative Products Group, and the Sustainable Finance Group. Email: patrycja.drainville@scotiabank.com. TiffMacklem, now Governor of the Bank of Canada, sat on Scotiabanks Board of Directors while chairing the federallyappointedExpert Panel. Scotiabank 8 months Sustainable Finance Analyst, Global Capital Markets Rotational Program Feb 2023 - Present2 months Toronto, Ontario, Canada Prime Services Analyst, Global Capital Markets. Scotiabank's Sustainable Finance Group - a Global Banking and Markets team that offers sustainable finance solutions to corporate, financial, public sector and institutional clients across our global footprint- was formed in 2020 to bolster Scotiabank's leadership in Environmental, Social and Governance (ESG) issues, offering integrated . National Bank of Canada has hired Jason Taylor, a director and co-lead of the sustainable finance group at rival Bank of Nova Scotia. Across Scotiabank, were committed to advancing the transition to a low-carbon economy and promoting sustainable economic growth for now, for the future. `sDxd She has more than 10 years of Debt Capital Markets experience in Canada and the U.S., and has covered clients across a variety of sectors and geographies. Fanny currently represents Scotiabank as a member of the ICMA's Advisory Council, the CSA Group Transition Taxonomy and IIACs Green Bond Working Group. 2: Transportation and its Most Important Passenger: Clean Energy. This requires specialized advice and support to build a sustainable finance program, tailored to an organizations mandate, or evolving market trends, such as the current shift away from a focus on individual financings (e.g., a green bond to fund a single green project) to sustainable financing strategies that reflect a companys longer-term sustainability journey. On April 1, Scotiabank released its 2020 Environment, Social and Governance Report, a comprehensive review of the Bank's progress in delivering for every future.The report outlines Scotiabank's ongoing commitment to building a more resilient, inclusive and sustainable world by advancing the issues that matter most to customers, shareholders, employees, and communities. The Institute is helping bring theserecomemndationsto life. We take responsibility in ensuring we are lowering our environmental footprint in our operations and ensure we are well governed. For more information, please visit http://www.scotiabank.comand follow us on Twitter @ScotiabankViews. Centres and Services - The Institute for Sustainable Finance - Research - Research Advisory Council Research Advisory Council The RAC is comprised of leading practitioners and academics in sustainable finance research and innovation. In support of the Government of Canadas net-zero commitments, the Paris Agreement on Climate Change, and as a signatory to the Net-Zero Banking Alliance (NZBA), Scotiabank made a commitment to become a net-zero bank in our financed and operational emissions. We help Canadians across the country bring their passions to life by supporting hockey, the arts, running events and other community initiatives that celebrate our goals and embrace our diversity. Scotiabank is well positioned to advise and execute on these emerging trends, demonstrated by the numerous LatinFinance awards received during the event. He holds a Master of Science in Climate Change & Sustainable Finance from EDHEC Business School in France and a BS in Statistics & Analytics from the University of North Carolina at Chapel Hill. Suchchanges need to take placefor CanadatoreachParis Agreementtargets, saidISF Executive DirectorSean Cleary. Scotiabank plans to mobilize $10 billion over the next ten years in support of CMHC's aspiration that by 2030, everyone in Canada has a home they can afford and that meets their needs. Peter was the first certified sustainable forest management (SFM) auditor in North America, and he holds a Bachelor of Science in Forestry from the University of Toronto along with a Master of Science in Forestry from Lakehead University. Scotiabank is targeting a $10-billion commitment to support affordable housing in Canada. Sustainable Finance Scotiabank's 2020 Environment, Social and Governance Report April 5, 2021 Scotiabank's approach to Environment, Social and Governance (ESG) focuses on four pillars - Environmental Action, Economic Resilience, Inclusive Society, and Leadership & Governance. While, Scotiabanks Vice President of Social Impact & Sustainability, Sandra Odendahl, will take us through carbon management,and give strategies and policy suggestions that can give us a global advantage. The Edge of Energy Ep. Among them, investors want to measure the impact of their investments, including their effectiveness at meeting their stated goals, and their longer-term influence on ESG issues. BMO today announced a $12 billion commitment to finance affordable housing over a ten-year period in support of the Canada Mortgage and Housing Corporation's (CMHC) aspiration that all Canadians have a home that they can afford and that meets their needs by 2030. This enables a greater range of organizations and sectors to get involved, and set ambitious targets to reduce their greenhouse gas emissions or meet other material sustainability objectives. Peter is a recognized pioneer and leader in shaping corporate sustainability. This assessment is based on the following: Use of Proceeds. Listen to Episode seven of the Edge of Energy. She is board member of the Canadian network of the UN Global Compact and was awarded the 2018 Young Women in Energy Award, recognizing women in the energy industry for their leadership, innovation, and community service. She leads the coverage responsibilities and ESG advisory solutions, as part of the Banks commitment to mobilize $350 billion in climate financing by 2030. As Canada and other countries around the world strive to reach net-zero emissions by 2050, Scotiabank is committing $1.25 million in funding to support the Institute for Sustainable Finance (ISF), a multi-stakeholder collaboration hub at the Smith School of Business at Queen's University. You can manage your preferences, Read more about our impact in our operations, Read more about our impact with our customers, Read more about our impact on the world around us, Read the Net-Zero targets update in the 2022 ESG Report, Read moe about Scotiabank's climate commitments, Read more about Diversity and Inclusion at Scotiabank, Scotiabank joins forces with Prince William to help combat illegal wildlife trade, Read the full story on Scotiabank joining United For Wildlife, Meigan Terry believes in purpose-led work heres how shes leading Scotiabanks major social impact programs, Hear from the SVP and Chief Sustainability, Social Impact and Communications Officer at Scotiabank, How Friendlier takeout containers can help cut down on plastic waste, Read the full story on reusable container company Friendlier, Sustainable finance takes note of biodiversity risks and opportunities, Read the full story on biodiversity earning increased attention, https://www.ipcc.ch/sr15/chapter/glossary. Collaborated with sector and non-governmental organizations that include, but are not limited to, UNEP FI, PCAF, Institute of International Finances (IIF) Sustainable Finance Working Group and Canadian Business for Social Responsibility (CBSR) Net-Zero Working Group. FunctionAccounting & FinanceBusiness Development & SalesCustomer SupportFacilitiesHR & TalentInvestingLegalMarketing & CommunicationsOperationsProcurement & ContractingR & DStrategySupply Chain & DistributionSustainabilityTechnologyOther, ESG investing news, analysis, research and information. We see lots of opportunity for growth,and we want tohelpput Canada on the world stage.. Lima, January 17, 2022 - The Bank of Nova Scotia (Scotiabank) and Clidda announced a Sustainability Linked Loan and Linked Derivative for US$200 million with which the Peruvian Natural Gas company will continue to strengthen its environmental, social and governance (ESG) strategy. The Edge of Energy Ep. Photo courtesy CMHC. "As one of the panelists for the London Women in Finance Virtual Summit, I wanted to take the opportunity to reflect on ways the pandemic has impacted important global issues, such as the United Nation's Sustainable Development Goals (SDGs) and its ambitious agenda to end poverty, protect the planet, reduce inequalities and improve quality of life by 2030." Listen to the ESG Talk on Carbon Markets 101. Most recently, we see the emergence of sustainability-linked products geared to issuers and investors with more diverse ESG objectives, including the many social, health and inequality issues amplified during the pandemic. Fanncy Doucet, Head of Sustainable Finance, shares her insights on meeting climate targets, achieving investment returns and satisfying stakeholder needs. He brings over 20 years of extensive industry experience to provide holistic ESG advice to clients in his current role within Scotiabanks Sustainable Finance Group. To see if your organization fits Scotiabanks funding guidelines and to get started with an application, select the option that most closely describes your organization. Listen to Episode Two of the Edge of Energy. Scotiabank acknowledges the unique role we can play in transitioning to a low-carbon, more resilient Scotiabank recognizes the economic opportunities in the transition to a low-carbon economy, as highlighted by Canada's Expert Panel on Sustainable Finance, the UN Sustainable Development Goals (SDGs), and many other initiatives. We use cookies & other technologies to analyze website traffic, personalize content & provide relevant advertising on other websites. The Expert Panels 15 recommendations were intended to spur the actionsneeded to bring sustainable finance into the mainstream, so that climate change opportunity and risk management eventually become business-as-usual in financial services. Scotiabank is pleased to announce it has been named to the Dow Jones Sustainability North America Index (DJSI) for the fifth consecutive year. Matt holds a double-degree from Wilfrid Laurier University (BA in Financial Mathematics and BBA in Finance). ESG Talks: Climate Edition Getting to Net Zero in the Oil Sands. Sustainable finance whichlooks tointegrateenvironmental and socialfactors into business decisions and financial processessuch as through adjustments to lending and investing activities will play a key rolein funding thetransition to a low carbon economy. The Edge of Energy Ep. If we want to make a significant dent in the reduction of global warming a sharp pivot towards renewed energy sources is mandatory. CMHC's aim is that by 2030, everyone in Canada has a home they can afford, and that meets their needs. Across the globe, capital market issuers, investors and financial institutions are responding to increased demand with solutions that satisfy the complex but complementary goals of financing business investments and helping to address important social and environmental issues, including climate change. Fin Macdonald gives us a sneak peek at renewable strategy in the building sector and Leslie Woo looks at the built environment through a new lens. How can we close the loop, maintain resilience and inform government? Foremost among them, the Bank has pledged to. To this end, we have committed to setting credible, robust targets for financed emissions associated with our lending and investment activities, in line with achieving the objectives of the Paris Climate Agreement. Fanny Doucet Melissa joined Scotiabanks Sustainable Finance group from an ESG ratings and research firm, where she was responsible for assisting issuers, underwriters and companies with sustainable finance transactions across the Americas and EMEA markets. ESG Talks: Climate Edition ESG with Purpose. 88 0 obj <>stream The private sector also has a key role to play in supporting shared objectives of building strong, vibrant communities. Thats Rubbish! Cambyse leads Scotiabanks Sustainable Finance efforts in the U.S. The rise of ESG (Environment, Social and Governance) focused transactions among business, government and the public is no exception. Holly holds a Master of Science in Sustainability Management from the University of Toronto where she studied corporate sustainability, sustainable finance, and ESG-related issues. Content & provide relevant advertising on other websites, Matthew worked in risk assessment and at. 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