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TORONTO, Jan. 12, 2022 – Recognizing the importance of continuous learning in advancing Diversity, Equity and Inclusion, Scotiabank today hosted an Allyship Summit for Change for its 90,000 employees.
Sessions on why allyship matters, unconscious bias and privilege, inclusive hiring and effective allyship best practices have been made available to all Scotiabank employees. Kenji Yoshino, Chief Justice Earl Warren Professor of Constitutional Law at NYU School of Law and Director of its Center for Diversity, Inclusion, and Belonging, spoke alongside other experts in Diversity, Equity and Inclusion in Canada and Chile. Learning tools and resources have also been made available for employees to support their ongoing journey of becoming active allies encouraging momentum 365 days of the year.
“Allyship is one of the most exciting developments in the Diversity, Equity, and Inclusion field. We’re increasingly finding that the barriers to belonging are often small but ubiquitous. Allyship is a solution that is capable of overcoming these barriers by engaging them in the infinite and infinitesimal ways they arise,” said Kenji Yoshino, Chief Justice Earl Warren Professor of Constitutional Law at NYU School of Law and Director of its Center for Diversity, Inclusion, and Belonging.
In 2020, Scotiabank renewed its Diversity and Inclusion Goals to increase the diversity of its employee population over the next five years, with a focus on advancing inclusion for people who identify as Black People, Indigenous Peoples, LGBT+ people, People of Colour, People with Disabilities, and Women. As part of this effort, the Bank developed a set of inclusion commitments focused on promoting best practices when interacting with employees, customers, communities and business partners. Scotiabank committed to:
A poll by Scotiabank showed that 2-in-3 Canadians believe that a culture of inclusion is more important now than it was prior to the start of the pandemic, however, 58% are not sure how to get involved and help. The research also showed that being a good ally is important to 80% of Canadians. Through Allyship Summit for Change, Scotiabank’s aim is to bring employees together to help address some of those knowledge gaps and have meaningful conversations about unconscious bias, inclusive hiring, and actionable ways to be effective allies to peers, customers and in the community.
“We believe anyone can be an ally, and everyone can benefit from having an ally. This summit is about giving our employees access to the resources and tools they need to show up for one another and build an inclusive culture together, where everyone can thrive,” said Barb Mason, Group Head & Chief Human Resources Officer, Scotiabank. “Through our core purpose of for every future, as Scotiabankers we are committed to playing a role in helping build better futures – and that means allyship goes beyond one day of awareness or even one event. Every single one of us has an accountability to be an ally through listening, education, and taking action that can be sustained.”
Today, also marks the one-year anniversary of ScotiaRISE, Scotiabank’s 10-year, $500 million initiative to promote economic resilience among disadvantaged groups. To date, ScotiaRISE has supported nearly 200 charities and exceeded its target with just over $22 million deployed in community investments in its first year. Jumpstart Refugee Talent, is one of the latest recipients of a multi-year community investment from ScotiaRISE. As a national refugee-led non-profit, Jumpstart is focused exclusively on the economic empowerment of newly settled refugees across Canada. Through it’s Refugee Talent Hub, it works with organizations like Scotiabank to help combat refugee unemployment and underemployment, by addressing practices on the part of employers, as well as refugees. Jumpstart’s focus is on the greater Toronto, Vancouver, and Calgary areas and this project will strengthen refugee hiring practices and provide greater resources so employers like Scotiabank, can be strong allies to refugees.
For more information on Scotiabank’s commitment to diversity and inclusion, visit: https://www.scotiabank.com/ca/en/about/our-company/diversity-and-inclusion.html
Maru Public Opinion undertook a survey of 1,537 randomly selected Canadian adults from May 13th to May 14th, 2021, on behalf of Scotiabank. The results of this study have been weighted by education, age, gender and region (and in Quebec, language) to match the population, according to Census data. Discrepancies in or between totals are due to rounding.
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 October 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.
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