Bank of Nova Scotia
Bank of Nova Scotia's Climate Target Data Preview
As of 2024, Bank of Nova Scotia has disclosed 5 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target and 4 intensity-based targets, signaling the company's commitment to managing and lowering its carbon footprint over time. The targets span various emissions scopes and time horizons, offering insight into Bank of Nova Scotia's climate strategy, ambition level, and alignment with global decarbonization goals.
| Target Type | Scope of Target | Unit | Target | Target Year |
|---|---|---|---|---|
Absolute-based Target | Scope 1 - Total, Scope 2 - Total | Metric Tonnes of CO2 equivalent (mtCO2e) | Copy/Paste is a PRO feature.  a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Joule (J) of Oil and Gas from Unspecified Activities | 0000000 | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced | Copy/Paste is a PRO feature.  a | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Joule (J) of Oil and Gas from Unspecified Activities | 0000000 | 2030 |
Intensity-based Target* | Scope 3 - Investments (Cat. 15) | Metric Tonnes of CO2 equivalent (mtCO2e) per Kilometer (km) | Copy/Paste is a PRO feature.  a | 2030 |
Verified Sources Behind Bank of Nova Scotia’s Climate Targets Data
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Insights into Bank of Nova Scotia's Greenhouse Gas Emissions Pathways
As of 2024, Bank of Nova Scotia has set greenhouse gas (GHG) emissions reduction targets that cover both its operational emissions (Scope 1 and 2) and value chain emissions (Scope 3), offering a comprehensive view of its total carbon footprint.a
Does Bank of Nova Scotia have a target to reduce the emissions from its operations?
As of 2024, Bank of Nova Scotia has set a target to reduce its operational greenhouse gas (GHG) emissions, specifically those from Scope 1 and Scope 2 sources.a
Bank of Nova Scotia's most ambitious operational target is to reduce these emissions by 40% by 2030, compared to a baseline of 138,753 Metric Tonnes of CO2 equivalent (mtCO2e) in 2016.a
As of 2024, Bank of Nova Scotia is ahead of schedule on its operational emissions reduction target, having achieved 89.23% of the planned reduction.a
Bank of Nova Scotia's Operational (Scope 1+2) Emissions Pathway
Does Bank of Nova Scotia have a target to reduce the emissions from its value chain?
As of 2024, Bank of Nova Scotia has set a target to reduce its value chain greenhouse gas (GHG) emissions, covering 1 out of the 15 Scope 3 categories defined by the GHG Protocol.a
Bank of Nova Scotia's most ambitious value chain target is to reduce these emissions by 55% by 2030, compared to a baseline of 0 Metric Tonnes of CO2 equivalent (mtCO2e) per Watt-hour (Wh) of Electricity Produced in 2019.a
As of 2022, Bank of Nova Scotia is ahead of schedule on its value chain emissions reduction target, having achieved 35.35% of the planned reduction.a