Scotia Global Asset Management today announced it has become a signatory of the United Nations-supported Principles for Responsible Investment (PRI).
The PRI is the world's leading proponent of responsible investment. It supports a global network of asset owners, investment managers and service providers to incorporate environmental, social and governance (ESG) factors into their investment and ownership decisions.
"Preserving and growing our clients' wealth is a responsibility we take very seriously, which is why we take all long-term factors into account when making investment decisions. We are pleased to formalize the commitment we have long held to environmental, social and governance issues. Joining a movement of other organizations committed to responsible investment is a natural evolution for us," says Glen Gowland, Executive Vice-President of Global Wealth Management at Scotiabank. Recently acquired firms Jarislowsky, Fraser Limited and MD Financial Management are also signatories of the PRI.
Scotiabank was named to the Dow Jones Sustainability Index North America (DJSI) last month, recognized for its progress in integrating ESG issues into the business. Scotiabank placed in the top 20% of companies globally, and was one of the largest year-over-year point gainers across the Index itself.
Scotiabank is Canada's international bank and a leading financial services provider in the Americas. We are dedicated to helping our 25 million customers become better off through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With a team of more than 96,000 employees and assets of $947 billion (as at July 31, 2018), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit www.scotiabank.com and follow us on Twitter @ScotiabankViews.