TORONTO, Jan. 21, 2020 /CNW/ - Scotiabank, a leading bank
in the Americas, today announced that it has been included in the
2020 Bloomberg Gender-Equality Index (GEI), which recognizes
companies committed to transparency in gender reporting and
gender equality in the workforce. This is the third year in a row
that the Bank has been included in the index.
The 2020 GEI comprises 325 companies representing 42 countries
and regions across 50 industries including automotive, banking,
consumer services, engineering and construction, and retail.
"We believe an inclusive workforce creates opportunities for
every future," said Barb Mason,
Group Head and Chief Human Resources Officer, Scotiabank. "We've
long been a champion for the advancement of women and know how
important it is to our customers and employees that we reflect the
diverse communities across our global footprint. It's essential to
building winning teams and to building a better Bank."
"We're proud to be recognized for our efforts supporting gender
equality and the advancement of women in the worforce – we continue
this work every day."
Using a standardized reporting framework, the GEI tracks the
financial performance of public companies committed to supporting
gender equality through policy development, representation, and
transparency, and measures gender equality across five pillars:
female leadership and talent pipeline, equal pay and gender pay
parity, inclusive culture, sexual harassment policies, and
pro-women brand.
Scotiabank's commitment to prioritize equality and the
inclusion of women include:
- Building an inclusive workforce where 39 per cent of Vice
Presidents and above in Canada,
and 35 per cent of Vice Presidents and above globally, are
women
- Signing onto the UN Women's Empowerment Principles (WEPs),
which offer guidance to businesses on how to promote gender
equality and women's empowerment in the workplace
- Launching The Scotiabank Women Initiative™, a comprehensive
program that supports women-owned, women-led businesses in
Canada through Access to Capital,
Mentorship and Education – the program has committed to allocate
$3 billion in funding over its first
three years
- Committing to equal access to our financing solutions and to
ensure our lending practices are free of bias
- Increasing the representation of women on Scotiabank's Board of
Directors by 10 per cent since the Bank established a Board
Diversity Policy in 2013 – 38 per cent of the directors are
women
- Being the first Canadian Bank to publicly disclose the gender
pay gap analysis for Canadian employees
- Introducing mandatory conscious inclusion training to all
employees globally
About Scotiabank
Scotiabank is a leading bank in
the Americas. We are here 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 more than 100,000 employees and assets
of over $1 trillion (as
at October 31, 2019), 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