In 2025, 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 disclosed progress toward renewable energy adoption, highlighting the share of total energy sourced from renewable versus non-renewable sources.
| Metric (GJ) | 2025 | 2024 | 2023 | 2022 - 2017 |
|---|---|---|---|---|
Total Energy Consumption | 1,534,122a | 1,569,026a | 1,678,683a | |
Non-Renewable Energy Consumption | 871,441a | 1,082,995a | 1,184,555a | |
Renewable Energy Consumption | 662,684a | 486,032a | 494,129a |
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In 2025, Bank of Nova Scotia consumed a total of 1.53 million Gigajoules of energy across its operations. Of this total, 43.2% 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 56.8% 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.a
In 2025, Bank of Nova Scotia consumed a total of 1.53 million Gigajoules of energy, of which 43.2% was derived from renewable sources, including biofuels, biomass, biogas, solar, and wind power.a
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.
Since 2023, Bank of Nova Scotia's total energy consumption decreased by 8.61%, including a further 2.22% drop in 2025, highlighting a continued decline in energy use.a
Over the same period, the share of renewable energy in Bank of Nova Scotia's consumption increased by 46.75%, including a 39.45% increase in 2025, showing consistent progress in clean energy adoption.a
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.