Bank of Nova ScotiaBank of Nova Scotia - ESG Rating & Company Profile powered by AI

Industry Group:Banks

Alternative corporations in the scoring peer group for Bank of Nova Scotia are displayed. This Sustainability score for Bank of Nova Scotia represents its transparency towards the United Nations SDGs. This dashboard contains a Q&A section on Bank of Nova Scotia.

Bank of Nova Scotia in the Banks industry gained a UN SDG ESG Transparency Score of 7.7; made up of an environmental score of 8.0, social score of 7.1 and governance score of 8.0.

SDG Transparency Score for Bank of Nova Scotia 
Low
0 - 3
Medium
4 - 6

7.7

High Impact
7 - 10
Last Score Update: 2024-05-01
What drives the score for Bank of Nova Scotia 
8.0

Environmental

7.1

Social

8.0

Governance

Detailed ESG Breakdown
SEVVA Platform offers unique drill down to the underlying sources powering the ratings. Break down your ESG analysis by 17 UN SDGs and 8 additional governance factors.

Peer Group Comparison

RankCompanySDG Transparency Score Performance
1Landesbank Baden Wuerttemberg
9.5
High
2UniCredit Bank AG
9.0
High
6Banco Votorantim S.A.
8.0
High
6China Merchants Group Limited
8.0
High
195Bank of Nova Scotia
7.7
High
195Caixabank SA
7.7
High
195Bank Mandiri (Persero) Tbk PT
7.7
High
.........
1885sakartvelos bank'i ss
0.0
Low
1885AlphaCredit Capital, S.A. de C.V.
0.0
Low
.........
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Peer Companies Benchmark
SEVVA Platform benchmarks each company against a peer group. View the full score distribution for peers by logging into SEVVA

Frequently Asked Questions

Does Bank of Nova Scotia have an accelerator or VC vehicle to help deliver innovation?

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Does Bank of Nova Scotia disclose current and historical energy intensity?

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Does Bank of Nova Scotia report the average age of the workforce?

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Does Bank of Nova Scotia reference operational or capital allocation in relation to climate change?

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Does Bank of Nova Scotia disclose its ethnicity pay gap?

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Does Bank of Nova Scotia disclose cybersecurity risks?

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Does Bank of Nova Scotia offer flexible work?

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Does Bank of Nova Scotia have a long term incentive (LTI) executive compensation plan based on a measure of return on capital?

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Does Bank of Nova Scotia disclose the number of employees in R&D functions?

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Does Bank of Nova Scotia conduct supply chain audits?

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Does Bank of Nova Scotia disclose incidents of non-compliance in relation to the health and safety impacts of products and services?

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Is there a statment that there is no plan to expand their cement production? (for example: 'We have no current plans to add additional cement making capacity')

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Does Bank of Nova Scotia conduct 360 degree staff reviews?

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Does Bank of Nova Scotia disclose the individual responsible for D&I?

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Does Bank of Nova Scotia disclose current and historical air emissions?

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Is there a statment that there is no plan to expand their coal usage? (for example: 'We have no current plans to add additional coal powered electricity generation')

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Is executive remuneration linked to climate performance?

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Does the Board describe its role in the oversight of climate-related risks and opportunities?

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Does Bank of Nova Scotia disclose current and / or historical scope 2 emissions?

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Does Bank of Nova Scotia disclose water use targets?

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Does Bank of Nova Scotia have careers partnerships with academic institutions?

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Did Bank of Nova Scotia have a product recall in the last two years?

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Does Bank of Nova Scotia disclose incidents of discrimination?

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Does Bank of Nova Scotia allow for Work Councils/Collective Agreements to be formed?

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Has Bank of Nova Scotia issued a profit warning in the past 24 months?

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Does Bank of Nova Scotia disclose parental leave metrics?

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Does Bank of Nova Scotia disclose climate scenario or pathway analysis?

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Does Bank of Nova Scotia disclose current and / or historical scope 1 emissions?

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Are Operating Expesnses linked to emissions reduction?

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Does Bank of Nova Scotia disclose the pay ratio of women to men?

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Does Bank of Nova Scotia support suppliers with sustainability related research and development?

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Does Bank of Nova Scotia disclose the number of operations that have been subject to human rights reviews or human rights impact assessments?

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Does Bank of Nova Scotia reflect climate-related risks in its financial statements?

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Is there a statment that there is no plan to expand their carbon intensite energy assets? (for example: 'We have no current plans to carry out further drilling for oil,')

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Is Bank of Nova Scotia involved in embryonic stem cell research?

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Does Bank of Nova Scotia disclose GHG and Air Emissions intensity?

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Does Bank of Nova Scotia disclose its waste policy?

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Does Bank of Nova Scotia report according to TCFD requirements?

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Does Bank of Nova Scotia disclose its policies for bribery, corruption, whistle-blower, conflict of interest?

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Does Bank of Nova Scotia disclose energy use targets?

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Does Bank of Nova Scotia disclose its Renewable Energy targets?

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Are emissions metrics verified by STBi?

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Does Bank of Nova Scotia have a policy relating to cyber security?

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Potential Risks for Bank of Nova Scotia
These potential risks are based on the size, segment and geographies of the company.

The Bank of Nova Scotia provides various banking products and services in Canada, the United States, Mexico, Peru, Chile, Colombia, the Caribbean and Central America, and internationally. It operates in four segments: Canadian Banking, International Banking, Global Wealth Management, and Global Banking and Markets. The company offers financial advice and solutions, and day-to-day banking products, including debit and credit cards, chequing and saving accounts, investments, mortgages, loans, and insurance to individuals; and business banking solutions comprising lending, deposit, cash management, and trade finance solutions to small, medium, and large businesses, including automotive financing solutions to dealers and their customers. It also provides wealth management advice and solutions, including online brokerage, mobile investment, full-service brokerage, trust, private banking, and private investment counsel services; and retail mutual funds, exchange traded funds, liquid alternative funds, and institutional funds. In addition, the company offers international banking services for retail, corporate, and commercial customers; and lending and transaction, investment banking advisory, and capital markets access services to corporate customers. Further, it provides online, mobile, and telephone banking services. The company operates a network of 954 branches and approximately 3,766 automated banking machines in Canada; and approximately 1,300 branches and a network of contact and support center internationally. The Bank of Nova Scotia was founded in 1832 and is headquartered in Halifax, Canada.

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