TORONTO, January 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 reporting gender data.
“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 full potential,” said Barb Mason, Group Head and Chief Human Resources Officer, Scotiabank. “Inclusion in the Blomberg GEI for the sixth consecutive year is a reflection of our commitment to workforce diversity, gender equality and transparency in gender reporting.”
Updated annually to reflect emerging best practices, the GEI framework is based on five key pillars and provides companies with a blueprint for measuring key social indicators aimed at addressing workplace inequality. Over 70 metrics are divided into five pillars:
Leadership & Talent Pipeline
Pay equity and gender pay equity
Inclusive Culture
Policies against sexual harassment
Foreign brand
Scotiabank’s commitment to prioritizing women’s equality and inclusion includes:
Identification, development and advancement of women in all areas and levels of our business. Scotiabank embraces gender-specific inclusion through various initiatives to foster a strong talent pool, including eliminating bias in recruitment and promotion processes and setting aspirational targets at the Vice President level and above. Throughout the year, Scotiabank hosts various women-only campus recruiting events for all lines of business. In 2022, 52 percent of all interns/associates in Canadaand 57 percent of all new degree rotation program associates self-identified as women.
Increased representation of women in senior leadership roles where 42 percent of Scotiabank Vice Presidents and above in Canada are women, an 11 percent increase since 2013, and 38 percent of vice presidents and above globally.
Recognition in The Globe and Mail’s Women lead here list as best in class for corporate executive gender diversity Canada for the second year in a row.
Recognition of two Scotiabank Vice Presidents in the Top Business Executive Awards Report, an annual editorial initiative to celebrate outstanding non-CEO leaders in Canada.
The appointment of Pamela Allen as CEO of MD Financial Management Inc., the first female executive to hold that position.
Scotiabank is an active contributor to Canada’s UN Global Compact on Gender Equality Project, a maturity model assessment tool and resource database used to implement solutions to systemic, cultural and institutional barriers to achieving equality gender in the workplace.
In 2023, Scotiabank will introduce a new and improved offer for employees in Canada which includes eight fully paid weeks for all parents welcoming a new baby and an additional eight fully paid weeks for birth parents. This new standard has been introduced in Trinidad & Tobago, Bahamas, Cayman Islands and Turks & Caicos and others. By 2025, this new standard will apply to Scotiabank employees in 24 locations 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 mentoring to women-owned and led businesses and provides guidance and support to women seeking to grow their careers and manage their wealth. In 2022, the Scotiabank Women’s Initiative in Canada increased its commitment to deploy capital to women-owned and women-led businesses 10 billion dollars until 2025, and expanded to Chile, Jamaica AND Costa Rica to further the program’s impact 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 America. Guided by our purpose: “for every future”, we help our clients, their families and their communities achieve success through a wide 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 over 1.3 trillion dollars (like us October 31, 2022), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS ) and the New York Stock Exchange (NYSE: BNS ). For more information, please visit http://www.scotiabank.com and follow us on Twitter @Scotiabank.
SOURCE Scotiabank
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