As of 2025, Bank of Nova Scotia has disclosed 1 climate targets aimed at reducing its greenhouse gas (GHG) emissions. These include 1 absolute reduction target, 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) | -40%a | 2030 |
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As of 2025, Bank of Nova Scotia has set greenhouse gas (GHG) emissions reduction targets that cover its operational emissions (Scope 1 and 2), but not its value chain emissions (Scope 3). This means its reduction efforts currently focus on direct and purchased energy emissions.a
As of 2025, 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 2025, Bank of Nova Scotia is ahead of schedule on its operational emissions reduction target, having achieved 90.73% of the planned reduction.a