Scotiabank

Risk Level:

High Risk

Summary:

Scotiabank froze the accounts of its clients who attended the anti-vaccine mandate protests in Ottawa in early 2022. The bank also appears to limit charitable donations to organizations that strictly support traditional marriage. Scotiabank does not have viewpoint protections for its employees. Scotiabank funded an ideological group that called the vaccine mandate protests in Ottawa "racist." For these reasons, Scotiabank receives a "High Risk" rating.

Criteria

Risk Level

Rationale

Corporate Weaponization

Criteria

Has denied service to customers, suppliers, or vendors due to their political views or religious beliefs OR corporately boycotts, divests, or sanctions regions, people groups, or industries.

Risk Level

Rationale

Scotiabank froze the accounts of protestors against the Trudeau government’s vaccine mandates (1)(2). Scotiabank received a perfect score from the Human Rights Campaign’s Corporate Equality Index, meaning that, among other categories, it has pledged to vet vendors for support of LGBTQ policies (3).

Criteria

Charitable giving (including employee matching programs) policies or practices discriminate against charitable organizations based on views or religious beliefs.

Risk Level

Rationale

Scotiabank’s sponsorship program requires organizations to not be of a sectarian nature and also seems to prohibit groups with a traditional view of marriage or gender (1). However, they have donated to Christian groups, such as Habitat for Humanity (2).

Criteria

Employment policies fail to protect against discrimination based on political affiliation/views and/or religion.

Risk Level

Rationale

Scotiabank does not protect employees from viewpoint discrimination (1).

Corporate Governance and Public Policy

Criteria

Uses corporate reputation to support ideological causes and/or organizations hostile to freedom of expression.

Risk Level

Rationale

There are no publicly known cases of Scotiabank using its corporate reputation to advance ideological agendas.

Criteria

Uses corporate funds to advance ideological causes, organizations, or policies hostile to freedom of expression.

Risk Level

Rationale

Scotiabank funds the Canadian Race Relations Foundation, a group that has condemned anti-vaccine mandate protests as “racist” (1)(2).

Criteria

Uses corporate political contributions for ideological, non-business purposes.

Risk Level

N/A

Rationale

Scotiabank does not have a PAC.

All links were last accessed and all information was updated on:
December 23, 2022

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