TORONTO, May 16, 2022
/CNW/ - The Scotiabank Women Initiative® (SWI) today announced it
has increased its commitment to deploy capital to women-owned and
women-led businesses in Canada to
$10 Billion by 2025. Building on its
initial $3 Billion deployment, which
was fulfilled ahead of schedule last year, the program has further
enhanced its contribution which today is over $4 Billion in capital deployment.
"We've seen incredible success and growth in The Scotiabank
Women initiative in its first three-years, with over $4 billion in capital deployed to date and
thousands of women engaged across Canada," says Dan
Rees, Scotiabank's Group Head of Canadian Banking. "In
response to the pandemic, we surpassed our original commitment
early, as we helped women entrepreneurs transition to a virtual
environment during unprecedented economic challenges. With a
renewed $10 Billion commitment, we
are furthering the Bank's mission to advance women-led businesses,
which are essential components to the recovery of the Canadian
economy."
Read more about the success and growth of the Scotiabank Women
Initiative here.
The Scotiabank Women Initiative has accomplished many key
milestones since inception, including:
- Engaged +13,000 women-led entrepreneurs across the
country through Un-Mentorship Boot Camps™ and Mentorship sessions
that help women increase their business savvy by networking and
exploring business challenges.
- Collaborated with +15 organizations including StrikeUP,
The Forum, Réseau des Femmes d'affaires du Québec and MNP.
- Integrated The Scotiabank Women Initiative into several of its
key business lines including Global Banking and Markets (GBM),
Global Wealth Management (GWM) and International Banking (IB)
- Delivered tailored programs designed specifically for women-led
businesses in Jamaica and
Costa Rica.
- Inaugurated Women in Auto Accelerator, a
first-of-its-kind mentoring and networking accelerator program to
help women build their careers in the Quebec automotive industry.
- Initiated The Scotiabank Women Initiative® Mentor Program,
Powered by The Forum, which pairs early-stage and established women
entrepreneurs with business leaders and experienced entrepreneurs
for one-to-one mentorship.
- Launched The Scotiabank Women Initiative Digital Hub in
collaboration with Shopify, Google Canada, Pinterest, LinkedIn,
Facebook and HubSpot to deliver key resources to help women
entrepreneurs adapt to uncertain economic times.
As part of its increased commitment, The Scotiabank Women
Initiative will continue to help women in more ways to pursue their
best professional and financial futures by providing unbiased
access to capital and tailored solutions, bespoke specialized
education, holistic advisory services, and mentorship.
For more information on The Scotiabank Women Initiative, visit
www.scotiabankwomeninitiative.com.
About The Scotiabank Women
Initiative
The Scotiabank Women Initiative is a signature program designed
to increase economic opportunity for our clients who identify as
women or non-binary to be successful, now and in the future. This
globally expanding, unique offering helps thousands of women pursue
their best professional and financial futures by providing unbiased
access to capital and tailored solutions, bespoke specialized
education, holistic advisory services and mentorship. Whether
supporting women to take their careers and businesses further,
collaborating with inclusion-focused leaders and companies,
providing women-owned and women-led businesses with equitable
access to funding or helping women take charge of their finances,
The Scotiabank Women Initiative breaks down barriers to empower
women to succeed on their own terms. 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
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 https://www.scotiabank.com/ca/en/personal.html and
follow us on Twitter @ScotiabankViews.
SOURCE Scotiabank