"Scotiabank is to committed advancing diversity and increasing opportunities to create more inclusive and resilient communities," said
Through their development as a charitable organization, BAND identified the need for an artistic and cultural organization to have dialogue about Black culture, for both the Black community and society at large. Enabled by ScotiaRISE, the Bank's 10-year,
"The team at BAND are happy to see that Scotiabank has continued to lead the way by dedicating funds to help make space for Black artists and cultural works to develop their professional practice," said
Scotiabank's commitment to prioritizing equality and the inclusion of Black professionals is present not only during Black History Month, but year-round with initiatives including:
- Continued participation in the McKinsey's Black Leadership Academy Program, where Scotiabank is building the talent group of Black leaders. The McKinsey's Management Accelerator Program focuses on developing the skills of mid-level managers, and the Black Executive Leadership Program provides executives with an opportunity to refine their leadership skills.
- As a signatory to the Black North Initiative CEO pledge, Scotiabank is committed to meeting the representation of Black employees in senior leadership to 3.5%, and the Black student workforce to 5% or more by 2025.
- Scotiabank and MD Financial in partnership with the
Canadian Medical Association announced a$1 million commitment over five years to support the BPAO. The partnership will support improved health outcomes for Black Ontarians, ensure practising Black physicians have opportunities for professional development, as well as supporting advocacy for students and physicians who face anti-Black racism. - Scotiabank's pledge of
$200,000 to theCEE Centre for Young Black Professionals , aToronto -based charity committed to advancing the economic and social development of Black youth facing multiple barriers to employment. The program provides participants with skills development, mentorship, and networking opportunities for Black youth in fields such as Social Services, Trades, IT, Coding, Entertainment trades, and Hospitality (culinary arts). - Scotiabank's Black-led Business Financing Program commits to providing
$100 million in capital through term financing for both start-ups and established businesses. The program supports Black-led businesses growth through access to financial solutions, advice, and the benefit of offers from Bank partners.
For more information on Scotiabank's commitment to advancing diversity, inclusion and belonging, visit: www.scotiabank.com/blackhistorymonth
Established in 2010, Black Artists' Networks in
Scotiabank is a leading bank in the
SOURCE Scotiabank
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