TORONTO, March 28,
2024 /CNW/ - Scotiabank is pleased to announce it
will be recognized on The Globe and Mail's 2024 Report on Business
magazine's annual Women Lead Here list for the fourth consecutive
year. This annual editorial benchmark identifies top-level Canadian
businesses with the highest executive gender diversity.
The Women Lead Here benchmark was established in 2020 by Report
on Business magazine and applies a proprietary research methodology
to provide an overview of the largest Canadian corporations with
the highest degree of gender diversity among executive ranks. The
ranked companies have made tangible and organizational progress
related to executive gender parity.
"Scotiabank is committed to creating a culture where all women
can succeed and feel empowered to reach their full potential," says
Jenny Poulos, Chief Human Resources
Officer, Scotiabank. "We are proud to be recognized for our gender
diversity on this esteemed list and we are committed to remove
barriers and increase representation and opportunities for all
women within the Bank."
Scotiabank is committed to the development and advancement of
all women across its footprint, through inclusive hiring practices,
sponsorship and mentorship programs specifically targeting women,
and market leading benefits, including the Bank's global minimum
standard for parental leave and its recently announced Global
Inclusive Standards of Care.
"Recognizing the achievements of companies that effectively
address the challenges of executive gender parity represents a
pivotal stride forward," says Dawn
Calleja, the editor of Report on Business magazine.
"Although there's always more that can be done, the businesses
showcased here serve as catalyst for corporate Canada, inspiring them to progress toward
gender parity and, in turn, cultivate exceptional enterprises."
For the 2024 ranking, Report on Business conducted a
journalistic analysis of approximately 500 large publicly-traded
Canadian companies based on revenue, 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, 97 companies earned the 2024 Women Lead Here seal,
with a combined average of 45% of executive roles held by
female-identifying individuals.
The 2024 Women Lead Here list is published in the April 2024 issue of Report on Business magazine,
distributed with The Globe and Mail on March
30, 2024 and online at tgam.ca/WomenLeadHere
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 6.2
million readers every week in our print or digital formats, and
Report on Business magazine reaches 2.9 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.
About Scotiabank
Scotiabank's vision is to be our clients' most trusted financial
partner, to deliver sustainable, profitable growth and maximize
total shareholder return. Guided by our purpose: "for every
future," we help our clients, 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 assets of approximately $1.4
trillion (as at January 31, 2024), 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 X
@Scotiabank.
SOURCE Scotiabank