"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
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 corporateCanada 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 ofMD 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 inTrinidad & 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 includingChile ,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 toChile ,Jamaica andCosta 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
Scotiabank is a leading bank in the
SOURCE Scotiabank
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