Scotiabank celebrates Pride Month by introducing initiatives aimed at fostering inclusivity and creating opportunities for LGBT+ communities

by Team Iamsafeatwork

06-07-2023

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Scotiabank is introducing a new goal to increase the representation of employees who identify as lesbian, gay, bisexual, or of another diverse sexual orientation in Canada to 7% or greater by 2025 as part of the Bank’s renewed Diversity and Inclusion Goals, developed to increase the diversity of its employee population over the next five years.  To promote greater opportunities, increase inclusion and belonging of LGBT+ groups worldwide, and celebrate Pride Month in June 2022, Scotiabank is  announce new diversity, equity, and inclusion initiatives. As part of the Bank’s updated Diversity and Inclusion Goals, which were created to broaden the diversity of its workforce over the following five years. The company also promotes inclusivity for trans and non-binary employees, and the current representation of Canadian employees who defined their gender as having a diverse gender identification exceeds the representation of trans and non-binary people as reported by the Canadian Census.

As part of its ongoing commitment to giving back to the communities in which it operates, Scotiabank is introducing Spark by Benevity, a new platform for employee engagement that is intended to empower staff members to show allyship and generosity by connecting them with opportunities to volunteer locally and globally. Employees can use Spark to look for and interact with more than two million charities across the world for all of their charitable contributions, volunteer work, and corporate matching programmes, including groups that help LGBT+ persons like The 519, Rainbow Railroad, and Outright Action International. Within their local communities and for a variety of causes, Scotiabank employees volunteered 129,000 hours over the course of the previous year.

Further, in year 2021, in 2021, Scotiabank introduced an LGBT+ employee Sponsorship programme this year. The programme focuses on high-potential LGBT+ talent and offers specific goals and KPIs to gauge performance. Throughout the course of the year, programme participants receive coaching, education, career planning, and other services through a defined curriculum.

About Scotiabank

Scotiabank was founded in 1832 in Halifax, Nova Scotia, Canada. It initially focused on providing banking services to merchants and the local community. Over the years, the bank expanded through organic growth and acquisitions to become a global financial institution. Scotiabank has a significant presence in North America, Latin America, the Caribbean, and parts of Asia. It operates through a network of branches, subsidiaries, and affiliates, providing a wide range of banking, investment, and commercial services to individuals, businesses, and institutions.