TORONTO, March 25, 2022 /CNW/ - Scotiabank is pleased to
announce that for the second consecutive year it has earned a spot
on The Globe and Mail's 2022 Report on Business Women Lead
Here list, an annual editorial benchmark to identify
best-in-class executive gender diversity in corporate Canada.
Established in 2020 by Report on Business magazine, the Women
Lead Here initiative applies a proprietary research methodology
to determine Canadian corporations with the highest degree of
gender diversity among executive ranks. This initiative highlights
businesses that have made tangible, systemic, and organizational
progress related to executive gender parity.
"Our commitment to advancing the inclusion of women and creating
a more equitable workplace is stronger than ever as evidenced by
the depth of our women leaders today," says Barb Mason, Group
Head and Chief Human Resources Officer, Scotiabank. "We're proud to
be recognized on the Women Lead Here list for the second year in a
row, reflecting the important work being done to improve our
internal systems, provide more supportive benefits for families and
create more advancement opportunities for women across all
equity-deserving groups. We remain committed to reducing barriers
and biases to create a culture where everyone can thrive."
For the 2022 ranking, Report on Business conducted a
journalistic analysis of nearly 500 large publicly traded Canadian
companies, evaluating the ratio of female-identifying to
male-identifying executives in the top three tiers of executive
leadership. The resultant data was applied to a weighted formula
that also factored in company performance, diversity and
year-to-year change.
In total, 74 companies earned the 2022 Women Lead Here seal,
with a combined average of 46% of executive roles held by
female-identifying individuals.
The full list of 2022 Women Lead Here honourees can be found
online here: tgam.ca/WomenLeadHere.
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 approximately 90,000 employees and assets of
approximately $1.2 trillion (as at
January 31, 2022), 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.
About The Globe and Mail
The Globe and Mail is
Canada's foremost news media
company, leading the national discussion and causing policy change
through brave and independent journalism since 1844. With our
award-winning coverage of business, politics and national affairs,
The Globe and Mail newspaper reaches 7.1 million readers every week
in our print or digital formats, and Report on Business magazine
reaches 2.2 million readers in print and digital every issue. Our
investment in innovative data science means that as the world
continues to change, so does The Globe. The Globe and Mail is owned
by Woodbridge, the investment arm
of the Thomson family.
SOURCE Scotiabank