Scotiabank has supported 25,000+ women across five countries
with
more equitable access to financial and professional growth
opportunities
TORONTO, Dec. 5, 2023
/CNW/ - Today, Scotiabank celebrates five years of empowering women
clients through The Scotiabank Women Initiative® by providing
equitable access to financial and professional growth
opportunities, enabling women to succeed on their own terms.
The Scotiabank Women Initiative launched in Canada on this day in 2018, focusing on
women-owned and -led businesses. Since then, the Initiative has
expanded to become a comprehensive program that supports small
businesses and commercial clients in Canada, Chile, Costa
Rica, Jamaica and
Peru, as well as corporate,
institutional clients and wealth clients in Canada.
The Initiative was founded and developed by leading women and
their allies at Scotiabank to better address the unique needs of
clients who identify as women or non-binary. It is designed to
increase economic opportunities for Scotiabank's women clients by
providing equitable access to financial solutions, specialized
education, and inclusive, women-centric advisory services.
Supporting women's success through an inclusive, women-centred
approach, The Scotiabank Women Initiative's notable achievements
over the last five years include:
Enabling equitable access to finance and
financial solutions
- Expanded the program's availability to women clients across
five countries: Canada,
Chile, Costa Rica, Jamaica and Peru.
- 25,000+ women entrepreneurs engaged since launch.
- Facilitated $8 billion in capital
for women-led and -owned businesses in Canada, nearing a goal to mobilize
$10 billion by 2025.
Providing holistic advice and specialized education that
helps women advance their businesses, wealth and careers
- 80+ women in senior leadership roles gained insights and
support on their path to new or expanded board participation
through The Good Corporate Governance program, and in turn,
assisted corporate clients seeking increased diversity on their
boards.
- 3,400+ Wealth clients and their families have benefited from
women-centric advice and wealth management educational sessions
designed to help them manage major life transitions such as
retirement, estate planning and caregiving.
- 1,300+ wealth professionals have received customized training
to better support women clients' unique challenges and wealth
management needs.
Women champions and advocates from Scotiabank's senior
leadership team share their voices to celebrate The Scotiabank
Women Initiative's achievements to date and future ambitions:
Erin Griffiths, Senior Vice
President of Client Solutions, Canadian Wealth Management,
says:
"I am proud of the strides we are making for
women clients to help them achieve financial success as they
navigate life transitions, grow their businesses and move forward
in their careers. Through The Scotiabank Women Initiative, we
support women by providing unbiased financial advice and support to
remove barriers and counter bias. We have received tremendous
response and feedback through our events and webinars. Our advisors
are playing an important role in shaping the financial futures of
our clients as they experience major life events such as
retirement, caregiving, divorce or the loss of a loved
one."
Lesly Tayles, Regional Senior
Vice President – Ontario,
says:
"Everyday, we are inspired by the passion,
the grit and the leadership exhibited by our clients. The
Scotiabank Women Initiative is a proud example of how we've put our
corporate purpose – for every future – into action. By prioritizing
the development and advancement of women and those who are gender
expansive, Scotiabank is here to support all people to succeed and
grow. Our commitment to fostering an inclusive community, built on
genuine trust, provides a safe and supportive space for teammates
to feel truly empowered to reach their fullest potential."
Anya Schnoor, Executive Vice
President of the Caribbean and
Central America, says:
"Five years ago, we developed The Scotiabank
Women Initiative with an ambitious goal: to make it possible for
women in Canada to dream big and
pursue their best futures. We wanted to help address unconscious
bias related to capital-lending decisions for women. Fast-forward
to this day, and we have successfully expanded the program to
Jamaica, Costa Rica, Chile, and Peru. It is truly a privilege to contribute to
breaking down barriers to increase economic growth and professional
development opportunities and empower women to succeed on their own
terms.
Loretta Marcoccia, Executive Vice
President of Global Operations, says:
"We knew The Scotiabank Women Initiative
would be game changing for women-led and women-run businesses and
we wanted to offer the same opportunity for our corporate and
institutional clients who face their own set of unique professional
challenges. We worked with them to create a tailored, comprehensive
program to help women – and leaders and companies who stand behind
an inclusion agenda – take their careers and businesses to the next
level. From emerging leaders to senior executives, we are proud to
support our women clients to achieve their professional futures,
and to help drive the realignment of under-representation of women
in corporate C-suites and boards of directors."
Gillian Riley, Executive Vice
President of Tangerine and founder of The Scotiabank Women
Initiative®, says:
"As we look towards the next five years, it's
thrilling to imagine the doors that this program will open as The
Scotiabank Women Initiative continues to unlock women's economic
potential globally. The Initiative started with a promise to make a
meaningful difference for Canadian women in business; connecting
them with improved access to resources, financing, and support.
Five years later, we have expanded to five countries, deployed
$8 billion for women's companies and
engaged over 25,000 entrepreneurs. We are committed to this program
and can't wait to bring the next five years to life so we can
continue to make a difference for women."
Scotiabank is an ally to women, 365 days a year
Scotiabank is committed to advocating for equity for diverse women
every day of the year. Learn more about the Bank's commitments to
gender equality, economic empowerment, equitable remuneration,
parental supports and inclusion of women across the diverse
communities it serves through Allyship for every future.
About The Scotiabank Women Initiative
The Scotiabank Women Initiative® is an enterprise-wide program
designed to increase economic and professional opportunities for
our women clients, empowering them to succeed on their own terms.
It provides equitable access to financial solutions, specialized
education, and inclusive, women-centric advisory services and
mentorship to help people who identify as women or non-binary to
pursue their best professional and financial futures. For more
information, visit scotiabankwomeninitiative.com.
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 almost
90,000 employees and assets of approximately $1.4 trillion (as at October 31, 2023), 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 X @Scotiabank.
SOURCE Scotiabank
SOURCE Scotiabank