TORONTO, Jan. 31,
2023 /CNW/ - Scotiabank has once again been included
in the 2023 Bloomberg Gender-Equality Index (GEI), a market index
that aims to track the performance of public companies committed to
transparency in gender-data reporting.
"Scotiabank is committed to being the employer of choice for
diverse talent, creating a work culture where women are supported
to succeed and reach their fullest potential" said Barb Mason, Group Head and Chief Human Resources
Officer, Scotiabank. "Being included in the Blomberg GEI for the
sixth year in a row is a reflection of our dedication to workforce
diversity, gender equality and transparency in gender
reporting."
Updated annually to reflect emerging best practices, the
framework for the GEI is based on five key pillars and offers
companies a blueprint for measuring key social indicators aimed at
tackling inequality in the workplace. Over 70 metrics are allocated
to five pillars:
- Leadership & Talent Pipeline
- Equity Pay & Gender Pay Parity
- Inclusive Culture
- Anti-sexual Harassment Policies
- External Brand
Scotiabank's commitment to prioritize equality and the inclusion
of women include:
- The identification, development and advancement of women in all
areas and levels of our business. Scotiabank enacts gender-specific
inclusion through various initiatives to drive the achievement of a
strong talent pool, including eliminating biases in the recruitment
and promotion processes and setting aspirational targets at the
Vice President, and above, level. Throughout the year, Scotiabank
hosts various women-only campus recruiting events for all business
lines. In 2022, 52 percent of all interns/co-ops in Canada, and 57 per cent of all new grad
rotational program associates, self identified as women.
- Increasing the representation of women in senior leadership
roles where 42 per cent of Scotiabank Vice Presidents and above in
Canada are women, a growth of 11
per cent since 2013, and 38 per cent of Vice Presidents and above
globally.
- Recognition on The Globe and Mail's Women Lead Here list
as best-in-class for executive gender diversity in corporate
Canada for the second consecutive
year.
- Recognition of two Scotiabank Vice Presidents in the Report on
Business Best Executive Awards, an annual editorial initiative to
celebrate exceptional non-CEO leaders in Canada.
- The appointment of Pamela Allen
as CEO of MD Financial Management Inc., the first woman executive
to hold that position.
- Scotiabank is an active contributor to the UN Global Compact
Canada's Blueprint for Gender Equality, a maturity model assessment
tool and resource database used to implement solutions to systemic,
cultural and institutional barriers to achieving gender equality in
the workplace.
- In 2023, Scotiabank will introduce a new enhanced offering for
employees in Canada that includes
eight fully paid weeks for all parents welcoming a new child and
eight additional fully paid weeks for parents who have given birth.
This new standard has been introduced in Trinidad & Tobago, Bahamas, Cayman
Islands and Turks & Caicos and others. By 2025, this new
standard will be implemented for Scotiabank employees in 24
countries across the Bank's footprint including Chile, Colombia, Mexico, Peru
and more.
- In its fourth year, The Scotiabank Women Initiative™ is a
comprehensive program that provides funding, advice and mentorship
to women-owned and led businesses and offers guidance and support
to women looking to move up in their careers and manage their
wealth. In 2022, The Scotiabank Women Initiative in Canada increased its commitment to deploy
capital to women-owned and women-led businesses to $10 Billion by 2025, and expanded to Chile, Jamaica and Costa
Rica to further the impact of the program across
Scotiabank's footprint.
For more information on Scotiabank's commitment to diversity,
equity, and inclusion,
visit: https://www.scotiabank.com/ca/en/about/our-company/diversity-and-inclusion.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 over $1.3
trillion (as at October 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
@Scotiabank.
SOURCE Scotiabank