TORONTO, June 2, 2022
/CNW/ - In the lead up to World Environment Day, Scotiabank is
announcing that from now until July 14th,
Scotiabank's Net-Zero Research Fund is accepting funding
applications from think tanks and academic institutions that are
supporting key sectors in their efforts to decarbonize the economy.
Launched last year, the $10 million fund is an initiative
that will advance research and leadership in support of global
decarbonization as part of the Bank's Climate Commitments.
As the need for data to inform policy and decarbonization
efforts increases, the Net- Zero Research Fund will help to enable
greater climate research opportunities within the Canadian, U.S.,
Caribbean and Latin American
academic and not-for-profit communities.
One of last year's recipients is Carlton University, whose
research group, Efficiency Canada, advocates to make Canada a global leader in energy efficiency.
Click here to learn how Efficiency Canada is using public
policy to improve industrial energy management.
"Climate change continues to be a major priority for Scotiabank
as we leverage our abilities to help drive positive environmental
action," says Meigan Terry, Senior
Vice President and Chief Social Impact, Sustainability and
Communications Officer at Scotiabank. "With Scotiabank's
$10 million Net-Zero Research Fund,
we are making an ongoing investment in enabling innovative research
and development to support a low-carbon economy."
By identifying pathways and initiatives that require investment
to accelerate adoption or scale of application, the Fund will also
strengthen relationships between academic and non-profit research
institutes and the corporate sector through collaboration and
knowledge sharing.
Scotiabank grants will range from CAD $25,000 to
CAD $100,000 for 2022 awards. Any submission not granted funds
through this process may be re-submitted for a future Call for
Submissions, with the next Call expected in Spring, 2023.
To be eligible for the Scotiabank Net-Zero Research Fund,
partner organizations must be registered not- for-profit or
charitable organizations in their jurisdiction.
For more information on submission eligibility and how to apply,
please
visit https://www.scotiabank.com/ca/en/about/responsibility-impact/climate-commitments/climate-change-centre-of-excellence.html.
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 $1.3
trillion (as at April 30,
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.
SOURCE Scotiabank