Scotiabank marks International Women’s Day 2022 with the expansion of the Scotiabank Women Initiative in Costa Rica

TORONTO, March 8, 2022 /CNW/ – Scotiabank is proud to announce today the expansion of The Scotiabank Women Initiative™ to Costa Rica. Currently available in North America and Jamaicathe program has built on its previous successes to offer a tailored program designed specifically for women-led businesses in Costa Rica.

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The Scotiabank Women’s Initiative will provide equitable access and customized solutions and products to women-owned and women-led businesses across the country. Specially curated offers and features include:

  • Discounts of up to 50% on loan rates for women-led businesses that do not meet the criteria Development Banks Act conditions.

  • A four-month online program for 150 women, in alliance with Grupo SET Consulting, a prestigious international chain specializing in SMEs.

  • An alliance with the Association for Leadership and Social Advancement (ALAS) to develop a series of informative and educational materials for our clients, focusing on leadership topics.

“After successfully launching the Scotiabank Women’s Initiative in Jamaicawe are excited to grow into Costa Rica provide the resources women need to support their businesses in this country,” says Ignace Deschamps, Group Head, Global Banking and Digital Transformation, Scotiabank. “By expanding the program, we are responding to a need for Costa Rica creating opportunities for the advancement of women-led businesses. We’re proud to help break down the barriers women face when it comes to funding their businesses. »

Spear December 2018The Scotiabank Women’s Initiative is a comprehensive program designed to increase economic and professional opportunities for Scotiabank customers who identify as female or non-binary by providing access to capital and solutions tailor-made, specialized training, consulting services and mentoring to help them succeed on their own. financial conditions.

The Scotiabank Women’s Initiative has achieved many milestones since its inception, including:

  • Deployed more than $3 billion capital to women-owned and women-led businesses Canada

  • Expanded to Global Banking and Markets and Global Wealth Management and launched internationally in Jamaica this year with imminent plans to Latin America.

  • Engage nearly 7,000 women-led entrepreneurs in Canada in mentoring sessions.

  • Launched the Scotiabank Women Initiative digital hub in collaboration with Shopify, Google Canada, Pinterest, LinkedIn, Facebook and HubSpot to provide key resources to help women entrepreneurs adapt to uncertain economic times.

  • Trained over 500 employees in client-facing roles on how they can empower their clients to take charge of their financial future.

  • Embedded in several of our key business areas including Global Banking and Markets (GBM), Global Wealth Management (GWM) and International Business (IB)

On International Women’s Day and 365 days a year, Scotiabank’s commitment to gender equality, economic empowerment and inclusion of women in the diverse communities it serves includes :

  • Like the people of Ukraineespecially women and families, continue to be affected by the humanitarian crisis, Scotiabank donated to the Red Cross Humanitarian Crisis Appeal in Ukraine, to support relief efforts for people affected by recent events in Ukraine and surrounding countries.

  • Scotiabank is committed to increasing the representation of women in senior leadership positions as part of its efforts to build an inclusive workforce. From January 31st 2022, 42% of vice-presidents and more in Canada are women which has increased by 11% since 2013. Apart from Canada, The representation of women in these functions has increased by 16% since 2013 to reach 27%. With women representing 37% of Vice Presidents and above globally, the Bank continues to strive to increase the representation of women in these roles to 40% globally by 2025.

  • In January, Scotiabank announced a new global standard for parental leave across its global footprint by 2025. The enhanced offer includes 8 weeks fully paid for all parents welcoming a new child and an additional 8 weeks fully paid for parents who have given birth. This new standard will be introduced in 24 countries across the Bank’s footprint, including Chile, Colombia, Mexico, Peru and more.

  • Equal pay is part of our commitment to gender equality and discrimination-free decision-making. Each year, we conduct an in-depth gender and compensation review in our Canadian operations to ensure that we provide fair compensation as part of our commitment to diversity, equity and inclusion. We made efforts in 2021 to close the gender wage gap, including wage adjustments for certain populations.

  • Through ScotiaRISE, Scotiabank’s 10-year program, $500 million initiative to promote the economic resilience of underrepresented groups, the Bank supports organizations committed to promoting the inclusion of women, including: Windmill Microlending, Group 3737, The Redwood, Dress for Success Canada and much more.

  • Scotiabank’s efforts to prioritize gender equality and an inclusive culture have been recognized globally.

  • This year, Scotiabank deepened its partnership with Catalyst by becoming a supporter of the global expert community. This enables Catalyst to develop action-oriented research to create inclusive cultures and address workplace issues at the intersection of gender, race, ethnicity, and culture. Through this support, Scotiabank receives input from subject matter experts to provide recommendations on diversity strategy, the opportunity to share and learn best practices from other Supporters and finally, to have a better understanding of current issues affecting workplaces. Beginning in March, Scotiabank and Catalyst are hosting a series of events in Mexico, Colombia, Chile and Peru, designed to create awareness, dialogue and action around the advancement of women. The series will begin in Chile this month and we will end with Peru in July 2022.

About the Scotiabank Women’s Initiative
The Scotiabank Women’s Initiative is a flagship program designed to increase economic and professional opportunities for our female-identifying or non-binary female customers to succeed now and in the future. This unique, globally expanding offering helps thousands of women pursue their best professional and financial futures by providing unbiased access to capital and tailored solutions, tailored specialist training, holistic advisory services and a mentorship. From helping women grow their careers and businesses, to working with leaders and businesses focused on inclusion, to providing women-owned and led businesses with equitable access to finance or helping women take charge of their finances, the Scotiabank Women’s Initiative is breaking down the barriers. empowering women to succeed on their own terms. For more information, visit scotiabankwomeninitiative.com.

About Scotiabank
Scotiabank is a leading bank in the Americas. Guided by our Purpose: “For Every Future”, we help our clients, their families and their communities succeed through a wide range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate banking and investment banking. , and capital markets. With a team of approximately 90,000 employees and assets of approximately $1.2 trillion (like a January 31, 2022), Scotiabank is listed on the Toronto Stock Exchange (TSX: BNS) and the New York Stock Exchange (NYSE: BNS). For more information, please visit http://www.scotiabank.com and follow us on Twitter @ScotiabankViews.

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