ScotiaBank

Red LineText of policiesCommentsScore
Regulatory requirements
Ensure LegalityEnvironmental Policy
Comply with applicable environmental laws and regulations and voluntary standards and initiatives adopted by the Bank.
The policy requires compliance with national laws, but not with international conventions.not
No Corruption and Tax EvasionAnti-money laundering policy
Customer Due Diligence (CDD): CDD is an essential tool to avoiding involvement in ML, TF or sanctionable activity.
It includes Know Your Customer (KYC) processes and, when pertinent, application of Enhanced Due Diligence (EDD)
measures. All account relationships with correspondent banks are subject to these processes and measures.
The policies apply to the bank's direct operations; they do not clearly cover requirement regarding a client's involvement in corruption or tax avoidance/evasion.not
Ensure ESIA for mills and plantationsNo publicly available policies or documentation were found that cover this criteria.not
Social requirements
Ensure FPICNo publicly available policies or documentation were found that cover this criteria.not
Respect Human RightsHuman Rights Statement
This Statement (...) consideration of certain international instruments such as the United Nations Universal Declaration of Human Rights, the International Covenant on Civil and Political Rights, the International Covenant on Economic, Social and Cultural Rights, and the International Labour Organization’s 1998 Declaration on Fundamental Principles and Rights at Work. (...) we consider whether customers’ practices and operations may have substantial negative impacts, including on aboriginal rights. (...) we reference (...) The Equator Principles (...)

Our Commitment to Respect Human Rights as a Business Partner
We are committed to respect human rights as a business partner. (...) we are committed to working with them in connection with their own efforts on this subject.
As part of our efforts to fulfill our commitment to respect human rights as a business partner, we reference a wide variety of internal policies and governance documents which include, but are not limited to, the following:
 Code of Conduct
 Business Conduct: Vendor Relations policy
 The Supplier Code of Conduct
Though the policy is inspired on international conventions, there is no clear requirement for clients to comply with these (ILO, UN declaration of human rights etc). There is also no clear prohibition of the use of child or forced labour.partly
Respect Indigenous rights and customary land use rightsNo publicly available policies or documentation were found that cover this criteria.not
No forced resettlementNo publicly available policies or documentation were found that cover this criteria.not
Environmental Requirements
No forest degradation and deforestationNo publicly available policies or documentation were found that cover this criteria.not
Protect endangered speciesNo publicly available policies or documentation were found that cover this criteria.not
No high-risk speciesNo publicly available policies or documentation were found that cover this criteria.not
No fireNo publicly available policies or documentation were found that cover this criteria.not
Protect peatNo publicly available policies or documentation were found that cover this criteria.not
No persistent pollutionNo publicly available policies or documentation were found that cover this criteria.not
Corporate association / scope of the policy
Corporate association / scope of the policyNo publicly available policies or documentation were found that cover this criteria.not