Bank of Nova Scotia
Bank of Nova Scotia Energy Data Preview
In 2024, Bank of Nova Scotia disclosed key data related to its energy management practices, providing transparency into its operational energy use in line with recognized sustainability reporting frameworks.
Bank of Nova Scotia also reported how it meets its energy needs through a mix of purchased and self-generated energy, offering insight into its sourcing strategy and level of energy independence.
Additionally, Bank of Nova Scotia also disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
Finally, Bank of Nova Scotia also reported the types of energy sources as well as generation technologies, both for purchased and self-produced energy, helping stakeholders evaluate Bank of Nova Scotia's reliance on fossil fuels versus cleaner alternatives.
| Metric (GJ) | 2024 | 2023 | 2022 | 2021 - 2017 |
|---|---|---|---|---|
Total Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Non-renewable Energy Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
Electricity Consumed | 0000000 | Copy restricted. Please purchase to unlock this data.  | Copy restricted. Please purchase to unlock this data.  | 0000000 |
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Insights into Bank of Nova Scotia's Energy Renewability
In 2024, Bank of Nova Scotia consumed a total of 1.57 million Gigajoules of energy across its operations. Of this total, 30.98% was sourced from renewable energy, either derived from natural resources like biofuels, biomass, or biogas, or generated using renewable technologies such as solar or wind power. The remaining 69.02% was classified as non-renewable energy, coming from fossil-based fuels such as coal, natural gas, or crude oil, or from non-renewable generation technologies like nuclear power.
Bank of Nova Scotia's Energy Renewability Rate
How much of Bank of Nova Scotia's energy consumed is renewable?
In 2024, Bank of Nova Scotia consumed a total of 1.57 million Gigajoules of energy, of which 30.98% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.
This moderate level of renewable energy adoption indicates that Bank of Nova Scotia is transitioning toward cleaner energy sources, though a significant share of its energy mix still relies on non-renewable inputs.
Are Bank of Nova Scotia's energy practices becoming more sustainable?
Since 2019, Bank of Nova Scotia's total energy consumption decreased by 18.04%, including a further 6.53% drop in 2024, highlighting a continued decline in energy use.
Over the same period, the share of renewable energy in Bank of Nova Scotia's consumption increased by 5.37%, including a 5.24% increase in 2024, showing consistent progress in clean energy adoption.
Overall, Bank of Nova Scotia has reduced its total energy consumption while steadily increasing its use of renewables, reflecting a strong commitment to reducing its energy-related environmental footprint.
Bank of Nova Scotia's Renewable vs Non-renewable Energy Over Time
- Renewable Energy Consumed
- Non-renewable Energy Consumed
Insights into Bank of Nova Scotia's Energy Consumption & Production Mix
In 2024, Bank of Nova Scotia disclosed detailed information on the sources and generation technologies of the energy it consumed. This disclosure enables a clearer assessment of the Bank of Nova Scotia's overall energy mix, its sourcing strategy, and its reliance on fossil fuels versus cleaner alternatives such as renewables and low-carbon technologies.
Bank of Nova Scotia's Energy Consumed by Sources and Technologies
What are the main sources and generation technologies behind Bank of Nova Scotia's energy consumption?
In 2024, Bank of Nova Scotia's total energy consumption was primarily sourced from
- Geothermal Energy, Hydropower, Nuclear Energy, Solar Energy, Electricity (Unspecified Source), Wave and Tidal Energy and Wind Energy (68.05%)
- Natural Gas, Other Fuel and Transport Fuel (29.79%)
- Heat (Unspecified Source) (2.15%)
How diverse is Bank of Nova Scotiaās energy consumption mix?
In 2024, Bank of Nova Scotia consumed energy from 9 different sources or generation technologies, indicating a moderately diverse energy mix, with some concentration in a primary source.