Bank of Nova Scotia – Interim Target A

“achieve net-zero operations by 2030, including securing 100% non-emitting electricity in Canada by 2025, and globally by 2030. ” “we have set ambitious, achievable targets to reduce the emissions intensity of our Oil and Gas portfolio by 30%, and our Power and Utilities portfolio by 55-60% by 2030” “Reduce Scope 1 and 2 emissions intensity of our Oil and Gas portfolio by 30% and reduce Scope 3 emissions intensity by approximately 15–25% by 2030. Reduce Scope 1 and 2 emissions intensity of our Power and Utilities portfolio by 55–60%, by 2030” – all on 2019 baseline Targets cover lending only Oil and gas intensity targets use units tCO2e/TJ Power and utilities target uses unit tCO2e/MWh https://www.scotiabank.com/content/dam/scotiabank/corporate/Documents/Scotiabank_Net_Zero_Report_2022-EN.pdf