by Vikas Vij
Originally published: April 12, 2017
Companies can contribute to a better future for the society, and at the same time, enjoy better business, when they focus on these five areas of commitment: Customers, Employees, Communities, the Environment, and Corporate Governance. To create sustainable growth, companies must leverage their capabilities for the benefit of all stakeholders and the communities where they operate.
Scotiabank’s CSR strategy, “Better Future, Better Off,” focuses on all these commitments by working on seven priorities: Access to Finance, Financial Knowledge, Diversity and Inclusion, Climate Change, Responsible Financing, Investing in Young People and Maintaining Trust.
The Bank’s 2016 Corporate Social Responsibility (CSR) report highlights its commitment to communities and demonstrates how the Bank is making progress on its CSR priorities and creating value for the society. According to Terri Williams, the Bank’s VP for CSR, as Canada’s international bank, Scotiabank understands how its commitment to being a socially responsible business positively impacts various stakeholders and the environment.