VICTORY!

A,

I’m gobsmacked -- you did it again!

In just two weeks, you’ve made two of Canada’s biggest banks make commitments to reduce GHG emissions and take steps to stop funding climate chaos.

Scotiabank announced its plan today!

This is an important first step that wouldn’t have been possible without the committed SumOfUs members who used their shares to submit a progressive shareholder proposal. And with your added pressure Scotiabank knew it couldn’t stay with the status quo.

And even though we are celebrating today, we know that the work is only beginning. Commitments like this sound good, but it’s a small first step at the beginning of a marathon for Scotia. And it could just turn into another empty promise made by a big corporation.

But we know that you won’t let it get away with that. We will continue to push all of Canada’s Big Five banks to do more to address their role in the climate crisis. And with your support, we can hold Scotiabank accountable to its commitments and push the massive bank to really pull the plug on fossil fuels.

For now, though, we can celebrate this announcement as a testament to what people power can do. Ordinary people, like you... and I, joined together and made two of Canada’s largest banks take action on the climate crisis.

Will you help us keep the momentum going with a special monthly gift?

Thanks for all that you do,
Amelia and the team at SumOfUs


More information:

Scotiabank proxy circular (opens a PDF file), Scotiabank, 10 March 2021


SumOfUs is a community of people from around the world committed to curbing the growing power of corporations. We want to buy from, work for and invest in companies that respect the environment, treat their workers well and respect democracy. And we’re not afraid to stand up to them when they don’t.

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