TORONTO, Sept. 2, 2021 /CNW/ - The Scotiabank Women
Initiative™ today announced it has successfully fulfilled its
commitment to deploy $3 Billion in
capital to women-owned and women-led businesses in Canada.
The program has in fact surpassed the $3
Billion target this month, deploying $3.2 Billion – ahead of its forecasted deadline –
towards helping thousands of women pursue their best professional
and financial futures.
"When we launched The Scotiabank Women Initiative in
December 2018, our sole mission was
to help advance women-led businesses in Canada," says Gillian
Riley, President and CEO, Tangerine Bank, and executive
sponsor of The Scotiabank Women Initiative. "In only three years,
we are well on our way to realizing that mission, and have expanded
the program to new heights, integrating it into several of our key
business lines. Women-owned businesses are essential to the health
of the Canadian economy, and I'm extremely proud of how The
Scotiabank Women Initiative has played a part in guiding so many of
them to success."
In addition to surpassing its capital deployment goal, The
Scotiabank Women Initiative has accomplished the following key
milestones since inception:
- Engaged +6,000 women-led entrepreneurs across the
country through Un-Mentorship Boot Camps™ and Mentorship sessions
that help women increase their business savvy by networking and
exploring business challenges
- Collaborated with +15 organizations
including Disruption Ventures, The Forum, Réseau des
Femmes d'affaires du Québec and MNP
- Launched The Scotiabank Women Initiative Digital Hub in
collaboration with Shopify, Google Canada, Pinterest, LinkedIn,
Facebook and HubSpot to deliver key resources to help women
entrepreneurs adapt to uncertain economic times
- Expanded into Global Banking and Markets (GBM), Global Wealth
Management (GWM)
Many of these goals were accomplished throughout the uncertain
economic environment imposed by the pandemic. As much of the world
grappled with transitioning to a new virtual reality, and women in
particular faced unprecedented economic challenges, The Scotiabank
Women Initiative was able to continue to help advance women
entrepreneurs and women-led businesses across Canada.
As part of its newly expanded mandate, The Scotiabank Women
Initiative will continue to help women in more ways to pursue their
best professional and financial futures by providing unbiased
access to capital and tailored solutions, bespoke specialized
education, holistic advisory services, and mentorship.
For more information on The Scotiabank Women Initiative, visit
www.scotiabankwomeninitiative.com
About The Scotiabank Women Initiative
The Scotiabank Women Initiative is a signature program designed to
increase economic opportunity for our clients who identify as women
or non-binary to be successful, now and in the future. This
globally expanding, unique offering helps thousands of women pursue
their best professional and financial futures by providing unbiased
access to capital and tailored solutions, bespoke specialized
education, holistic advisory services and mentorship. Whether
supporting women to take their careers and businesses further,
collaborating with inclusion-focused leaders and companies,
providing women-owned and women-led businesses with equitable
access to funding or helping women take charge of their finances,
The Scotiabank Women Initiative breaks down barriers to empower
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
customers, their families and their communities achieve success
through a broad range of advice, products and services, including
personal and commercial banking, wealth management and private
banking, corporate and investment banking, and capital markets.
With a team of over 90,000 employees and assets of
approximately $1.2 trillion (as at July 31, 2021),
Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New
York Stock Exchange (NYSE: BNS). For more information, please
visit http://www.scotiabank.com and follow us on Twitter
@ScotiabankViews.
SOURCE Scotiabank