TORONTO, Feb. 24, 2021 /CNW/ - Scotiabank today
announced its support of the Canadian Women's Foundation's
Building Women's Economic Security in the
Pandemic Project, a unique,
national funding program created to assist services for women, by
providing them with the funds necessary to remain operational
throughout the challenges presented by the COVID-19 pandemic.
In April 2020, the Canadian
Women's Foundation launched initiatives like Building Women's
Economic Security in the Pandemic Project to make sure
that service providers in every province and territory were able to
meet their greatest need and that programs at risk of closure and
interruption can continue. These initiatives were created in
reaction to the disproportionate number of women-focused charities
affected by the COVID-19 pandemic in Canada. According to a survey conducted by the
Canadian Women's Foundation, 88 per cent of women's service
providers surveyed were concerned about the impact the pandemic
will have on their capacity to continue to operate.
Scotiabank's donation to Building Women's Economic Security
in the Pandemic has a specific focus on
organizations that offer skills development for women and
girls.
"Scotiabank recognizes how individuals can thrive when barriers
to career advancement are removed," says Meigan Terry, Senior Vice President, Global
Communications and Social Impact at Scotiabank. "Through
Scotiabank's donation, the Canadian Women's Foundation will assist
organizations across Canada to
provide disadvantaged women and girls with programming that will
help to foster skills development to enable their financial
success."
The following high-impact organizations will be recipients of
Scotiabank's donation to the Building Women's Economic Security
in the Pandemic project:
- EntrepreNorth MakeWay, NWT, Yukon, and, Nunavut: Empowering Indigenous entrepreneurs
to build sustainable businesses and livelihoods.
- TechWomen Immigrant Services Society of BC, Vancouver, BC: Preemployment programming that
prepares newcomer women for careers in tech.
- Making Changes Association of Alberta, Calgary,
AB: Providing skills training programming in web development
for immigrant and Indigenous women.
- SEED, Winnipeg, MB: Providing
business development support for Indigenous and newcomer women to
launch or expand a business.
- Digital Skills at Long Lake 58, Long Lake 58, ON: First
Nation–led education programming that supports women's career
exploration and skills development.
- Women's Enterprise Skills Training, Windsor, ON: Certificate programming that
facilitates the entry of women into the millwright/machining
trade.
- ACEM Microcrédit Montréal, Montreal,
QC: Self–employment training programming supporting
immigrant and racialized women.
- Employment My Way, YWCA Moncton,
Moncton, NB: Training women to
research and develop business plans for their micro and small
business ideas.
- Women Unlimited, Bridgewater,
NS: Assisting diverse women in building careers in the
trades and technology fields.
"The pandemic has had a devastating impact on women's
economic well-being. Now more than ever we need programs that will
support women in the transition from low-wage and part-time work
towards sustainable and fulfilling livelihoods that will support
them and their dependents. Investments like this one from
Scotiabank come at such a crucial time, and have the power to
transform lives," says Canadian Women's Foundation President and
CEO, Paulette Senior.
Scotiabank's donation to the Canadian Women's Foundation and its
partner organizations will be an important part of ScotiaRISE, the
Bank's 10-year, $500 million
initiative to promote economic resilience among disadvantaged
groups. Through ScotiaRISE, Scotiabank will support programs and
partner with organizations across its footprint that provide the
tools people need to improve their education and employment
prospects, adapt to changing circumstances, and increase the
likelihood of financial success.
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 90,000 employees and assets of
approximately $1.2 trillion (as at
January 31, 2021), 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.
About the Canadian Women's Foundation
The Canadian Women's Foundation is a national leader in the
movement for gender equality in Canada. Through funding, research, advocacy,
and knowledge sharing, we work to achieve systemic change. We
support women, girls, and gender-diverse people to move out of
violence, out of poverty, and into confidence and leadership. Since
1991, our generous donors and supporters have contributed more than
$130 million to fund over 2,000
life-transforming programs throughout Canada.
SOURCE Scotiabank