Bank of Nova Scotia

Country
Canada
Sector
Financial Services
Industry
Banks - Diversified
Employees
86,746
Ticker
BNS
Exchange
TORONTO STOCK EXCHANGE
Description
Bank of Nova Scotia, commonly known as Scotiabank, is a prominent financial institution headquartered in Toronto, Canada. Offering a comprehensive range of financial services, Scotiabank caters to ind...

Bank of Nova Scotia Waste Data Preview

In 2023, Bank of Nova Scotia conducted an environmental assessment and disclosed corporate waste management data in accordance with recognized sustainability reporting standards. The company provided a breakdown of its waste by type (hazardous vs non-hazardous) and treatment method (recovery vs disposal), enabling greater transparency into its waste handling and environmental practices.

Metric (tonnes)2023202220212020 - 2017
Total Waste Generated
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0000000
Total Waste Recovered
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a
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a
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a
0000000
Total Hazardous Waste Generated
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0000000
Non-Hazardous Waste Disposed
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0000000
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Verified Sources Behind Bank of Nova Scotia’s Waste Management Data

Every figure on this dashboard has a transparent audit trail. With Tracenable, each data point is traceable back to its original source, viewable directly inside our platform. Explore Bank of Nova Scotia’s data sources below and access millions more through our Disclosure Search.

a. Bank of Nova Scotia's ESG Report 2023
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Insights into Bank of Nova Scotia’s Generation of Hazardous and Non-Hazardous Waste

In 2023, Bank of Nova Scotia generated a total of 2,964 metric tonnes of waste. a

Of this amount, 5.7% of Bank of Nova Scotia's total waste generated of was classified as hazardous waste, characterized by properties such as toxicity, flammability, corrosiveness, or reactivity that may pose risks to human health, ecosystems, or the environment. 94.3% was identified as non-hazardous waste, generally considered less harmful and subject to lighter regulatory controls. a

Bank of Nova Scotia’s Hazardous vs Non-Hazardous Waste Over Time

2019202020212022202307501.5 k2.25 k3 ktonnes
  • Total Non-Hazardous Waste Generated
  • Total Hazardous Waste Generated

How Bank of Nova Scotia reduced the environmental impact of its waste?

Since 2019, Bank of Nova Scotia's total waste generation increased by 15.6%, including a 31.96% rise in 2023, reflecting a persistent upward trend that could be linked to operational growth, inefficient material use, or limited investment in waste prevention systems. a

Over the same period, the share of hazardous waste in Bank of Nova Scotia's total output increased by 669.87%, including a further 19.54% rise in 2023, suggesting a troubling upward shift toward more environmentally harmful waste streams that could raise compliance costs and environmental risks. a

Overall, Bank of Nova Scotia has seen a continuous rise in both total waste and hazardous waste over time, signaling a worsening environmental impact that may require urgent reassessment of material sourcing, production processes, or waste mitigation strategies. a

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