TORONTO, April 7, 2020 /CNW/ - In an effort to support
those populations and communities most at risk during the COVID-19
outbreak, Scotiabank has committed $2.5-million to community response efforts across
its footprint.
"Scotiabank has a long history of standing by our customers and
communities during both good and challenging times," says
Brian Porter, President and CEO,
Scotiabank. "No one understands the specific needs of their
communities better than the people who live there. It is our hope
that by empowering local teams to make decisions about where the
donations should go, we will help to alleviate some of the pressure
experienced by the most vulnerable members of society."
Scotiabank will support the efforts of several community
partners, most notably through donations of:
- $1.2 million to empower our
regional teams to support local charities that are working very
hard to address the most urgent community needs;
- $400,000 to the United Way's
COVID-19 Community Response and Recovery Fund
- $150,000 to select academic
partners working on rapidly scalable COVID-19 healthcare
innovations
In recognition of the rapid pace at which the COVID-19 pandemic
is evolving, Scotiabank has also established a $750,000 fund to support the emerging needs of
local charities as the crisis continues to unfold.
Scotiabank is guided by our purpose: for every future. Our
purpose articulates the impact we seek to make for our employees,
customers, shareholders and communities – to support them through
every future – including the most challenging ones. In keeping with
our purpose, Scotiabank proudly supports a broad range of community
initiatives through donations, community investments and employee
volunteer activities.
Most recently, Scotiabank released its 2019 Environment, Social
and Governance report, which demonstrates how Scotiabank enables
customers, employees and communities to realize their futures, and
mobilizes finance to address important social and environmental
challenges in order to create a more sustainable world. To read the
report, please visit:
www.scotiabank.com/corporate/en/home/corporate-responsibility.html.
For more information on how Scotiabank is supporting customers
and clients through the COVID19 outbreak, please visit:
www.scotiabank.com/ca/en/about/relief-and-support/coronavirus-covid-19.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 approximately 100,000 employees and assets
of approximately $1.2
trillion (as at January 31, 2020), 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