1、2 0 2 3 C L I M A T E R E P O R T 2INTRODUCTION GOVERNANCE STRATEGY RISK MANAGEMENT METRICS AND TARGETS APPENDIXTable of Contents 1 The Task Force on Climate-related Financial Disclosures(TCFD)was established in 2017 to provide a voluntary reporting framework to help organizations disclose climate-r

2、elated risks and opportunities,support market transparency and inform capital decisions.IFRS S1 and IFRS S2 include all TCFD recommendations,and when both International Financial Reporting Standards(IFRS)standards were released in June 2023,the Financial Stability Board asked the IFRS Foundation to

3、assume the TCFDs mandate beginning in 2024.The TCFD was formally disbanded in November 2023.Scotiabank monitors changes in standards and expectations relating to climate reporting,including IFRS S2,CSRD and OSFI B-15,and will adapt our reporting to meet new requirements over time.2 This Land Acknowl

4、edgement applies to the land on which Scotiabank has its executive offices(Toronto,Canada)and its Canadian operations,and does not represent the historical and personal experiences of Indigenous Peoples across our international operations.3MessagefromOurChiefSustainabilityOfficer 4AboutScotiabank 5I

5、ntroductiontoOurFirstClimateReport 72023PerformanceHighlights 8TCFDRecommendations 11 G OV ER N A N CE 12Introduction 12OurClimateGovernance13 Board Oversight16 Management Oversight 20 S T R AT EGY 21Introduction24 Our Refreshed Climate Goals 25FinancingClimateSolutions27AdvancingtoNet-Zero32Reducin

6、gOurOwnEmissions34 Culture,SkillsandCompetenciestoSupportClimateTransition 43 R I S K M A N AG EM EN T 44 Introduction45 IntegratingClimateRiskintoScotiabanks RiskManagementFramework47 Identifying,AssessingandManagingClimateRisks 50ExposuretoCarbon-relatedAssets51ScenarioAnalysis 54 M E T R I C S A