TORONTO, June 6, 2020 /CNW/ - Scotiabank today announced a
$500,000 commitment to several
organizations recognized for their leadership in the fight to
eliminate racial discrimination within Canada and the U.S. Scotiabank's contribution
will be directed toward providing needed tools and educational
resources for those groups most at risk of being subject to
individual, institutional and systemic racism, with a focus on
Black youth.
Two recipients of the donation include the Careers Education
Empowerment Centre for Young Black Professionals – an organization
dedicated to the advancement of economic and social development of
Black youth; and the Canadian Race Relations Foundation – an
organization committed to building a national framework for the
fight against racism in Canadian society.
"The devastating events of the last few weeks, and the pain that
has been felt and shared so deeply by Black communities around the
world, has intensified focus on the issue of racism and the need
for greater inclusion within society," said Brian Porter, President and CEO, Scotiabank.
"These investments will provide Black communities and people of
colour with the support they need – financial and otherwise – to
have a stronger voice and presence in furthering the fight against
racial discrimination."
Scotiabank is guided by our purpose: for every future;
which articulates the impact we seek to make for our employees,
customers, shareholders and communities. In keeping with our
purpose, Scotiabank has implemented a variety of programs that
promote a zero-tolerance approach to discrimination and harassment
across our footprint. Most notably, our worldwide mandatory
unconscious bias training, workplace safety and
inclusion training, and mandated inclusive
hiring practices.
For more information on Scotiabank's vision and initiatives to
foster economic inclusion, visit:
https://www.scotiabank.com/corporate/en/home/corporate-responsibility/priorities/economic-inclusion.html
About Scotiabank
Scotiabank is a leading bank in
the Americas. Guided by our purpose: "for every future," we
help our customers, their families and their communities achieve
success 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 approximately 97,000 employees and
assets of over $1.2
trillion (as at April 30, 2020), Scotiabank trades on
the Toronto Stock Exchange (TSX: BNS) and New York Stock
Exchange (NYSE: BNS). For more information, please
visit http://www.scotiabank.com and follow us on Twitter
@ScotiabankViews.
SOURCE Scotiabank