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.