ScotiaBank

Red Line	Text of policies	Comments	Score
Regulatory requirements
Ensure Legality	Environmental 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 Evasion	Anti-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 plantations		No publicly available policies or documentation were found that cover this criteria.	not
Social requirements
Ensure FPIC		No publicly available policies or documentation were found that cover this criteria.	not
Respect Human Rights	Human 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 rights		No publicly available policies or documentation were found that cover this criteria.	not
No forced resettlement		No publicly available policies or documentation were found that cover this criteria.	not
Environmental Requirements
No forest degradation and deforestation		No publicly available policies or documentation were found that cover this criteria.	not
Protect endangered species		No publicly available policies or documentation were found that cover this criteria.	not
No high-risk species		No publicly available policies or documentation were found that cover this criteria.	not
No fire		No publicly available policies or documentation were found that cover this criteria.	not
Protect peat		No publicly available policies or documentation were found that cover this criteria.	not
No persistent pollution		No publicly available policies or documentation were found that cover this criteria.	not
Corporate association / scope of the policy
Corporate association / scope of the policy		No publicly available policies or documentation were found that cover this criteria.	not

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