Bank of Nova Scotia

Profile In-Progress
Target year
2050
Alignment with target-setting standards
UNFCCC Race to Zero
Target Status
Formally Adopted
Terminology Tags
  • Net-Zero Pledge
  • Interim Targets
  • Pathways
  • About
  • Similar Actors

Interim Targets

"achieve net-zero operations by 2030" and specific targets for oil/gas/power/utilities portfolios
by
2030
Description of Interim Target

“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

% reductions committed to
Interim Target
“achieve net-zero operations by 2030” and specific targets for oil/gas/power/utilities portfolios
Baseline Emissions

About

Profile in-progress

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Southern Company Services

0% Progress
Target year: 2050
0%
Target year: 2050
Type of Pledge: Net-Zero
Scope emissions: Scope 1, Scope 2, Scope 3