TORONTO, Jan. 28, 2021 /CNW/ - Scotiabank has once again
been included in the 2021 Bloomberg Gender-Equality Index (GEI), a
reference index which recognizes companies committed to
transparency in gender reporting and gender equality in the
workforce. This is the fourth year in a row that the Bank has been
included in the index, which has recently expanded to include 380
companies across 11 sectors.
"Inclusion is central to our values at Scotiabank because we
know that it only makes our winning team stronger," said
Barb Mason, Scotiabank's Group Head
and Chief Human Resources Officer. "We're proud to once again be
recognized for our commitment to gender equality along with our
peers, and we recognize how important gender equality is to our
financial performance as a global financial institution."
Using a standardized reporting framework, the GEI tracks the
financial performance of public companies committed to supporting
gender equality through policy development, representation, and
transparency, and measures gender equality across five pillars:
female leadership and talent pipeline, equal pay and gender pay
parity, inclusive culture, sexual harassment policies, and
pro-women brand.
Scotiabank's commitment to prioritize equality and the inclusion
of women include:
- Building an inclusive workforce where 40 per cent of Vice
Presidents and above in Canada,
and 36 per cent of Vice Presidents and above globally, are women.
In 2020, 44 per cent of executive appointments went to women and
Scotiabank announced its intent to increase the representation of
women in VP and above roles to 40 per cent globally.
- With last year's appointment of Lynn
Patterson to Scotiabank's Board of Directors, six out of
fourteen members (43 per cent) of Scotiabank's Board of Directors
are women.
- Similarly, in 2020, with the appointments of Anique Asher to Executive Vice President,
Finance & Strategy and Nicole
Frew to Executive Vice President & Chief Compliance
Officer, nine out of 30 (30 per cent) of the Bank's executive
officers (Executive Vice Presidents and Group Heads) are women.
- The Scotiabank Women Initiative™ - a comprehensive program that
supports women-owned, women-led businesses in Canada through Access to Capital, Mentorship
and Education – celebrated its second anniversary with the launch
of a Digital Hub and expansion of program into Scotia Wealth
Management.
- Scotiabank was an active contributor in the Gender Equality
Leadership in the Canadian Private Sector initiative – a 3-year
research project led by Global Compact Network of Canada and Women and Gender Equality Canada.
The tools resulting from this project can help guide Canadian
organizations looking to advance gender equality.
- Scotiabank's Chief Compliance Officer, Nicole Frew, was awarded an
inaugural Report on Business Best Executive
Award – a new distinction celebrating excellence among
non-CEO leaders, for more than 15 years of exceptional leadership
across multiple business lines at Scotiabank.
- Gillian Riley, President and
CEO, Tangerine Bank, was named a 2020 Catalyst Honours Champion for
her efforts at both Tangerine and Scotiabank, including founding
The Scotiabank Women Initiative™.
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 over 90,000
employees and assets of approximately $1.1
trillion (as at October 31,
2020), 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
Twitter @ScotiabankViews.
SOURCE The Bank of Nova
Scotia