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Scotiabank donates $750,000 to support social entrepreneurship and careers in banking for women

March 9, 2021

By supporting HEC Montréal through a contribution to an international social entrepreneurship competition (Social Business Creation) and setting up Women in Banking scholarships, Scotiabank is actively promoting socially responsible business practices.

“These initiatives really strike a chord with us. They are aligned with our corporate mission as we look toward an inclusive future, as well as the strong core values that will guide us in getting there. We firmly believe in supporting efforts like these in order to build a better tomorrow for our young people and for society as a whole,” said Geneviève Brouillard, Scotiabank’s Senior Vice President for Quebec and Eastern Ontario.

Scotiabank has pledged to make a $750,000 donation to the HEC Montréal Foundation over the next three years. In addition to an annual $200,000 gift to the Social Business Creation competition to promote social entrepreneurship education, Scotiabank is behind the creation of Women in Banking scholarships, the goal of which is to give female students the opportunity to pursue a career in this field. A total of $50,000 will fund five merit scholarships of $10,000 each.

These newest initiatives embrace a similar community investment focus as Scotiabank’s ScotiaRISE platform. It is yet another way for one of the Americas’ top financial services providers to show its support for women, in addition to the Scotiabank Women’s Initiative, which supports women-owned, women-led businesses with resources adapted to various stages of growth, training and mentoring.


Geneviève Brouillard, Senior Vice President for Quebec and Eastern Ontario, Scotiabank.

“With these donations, we are promoting resilience, the drive to succeed and excellence so that these future business leaders are optimally equipped to make a responsible contribution to the success of their organizations and to sustainable social development,” said Ms. Brouillard.

Michel Patry, President and CEO of the HEC Montréal Foundation, commended Scotiabank for its generosity and for inspiring the broader business community to give back. “This major donation from Scotiabank is propelling us further in our mission to groom the next generation of innovation-minded professionals and give them the tools they need to face the challenges ahead, no matter how complex they may be.”

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