Scotiabank Recognized as a Best Workplace in Canada for Second Year,
Wins Pride Category
TORONTO, April 12 /CNW/ - Celebrating its second year of recognition,
Scotiabank has again been named as one of the top 100 best places to
work in Canada by the Great Place to Work® Institute. While Scotiabank
achieved high marks in all elements of the Institute's Work Trust
Index, it earned top marks in the study's Pride category. In
particular, employee pride in the Bank's support of communities stood
out. In Ontario, 89 per cent of Scotiabank employees stated they felt
good about the ways the bank contributed to their community. Across
Canada Scotiabank achieved a 91 per cent community pride rating from
its employees as compared to a benchmark rating of 84 per cent for
other best large workplaces participating in the survey.
"Our employees are a very important part of Scotiabank's success. We
value their endless contributions and are pleased that they have ranked
their experience at Scotiabank so highly," said James McPhedran,
Scotiabank Senior Vice President, Ontario.
"We are delighted that Scotiabank's contributions to communities in
Ontario are so valued by our employees. Serving the communities in
which we live and work has long been a part of our fabric," said John
Doig, Scotiabank Senior Vice President, Toronto Region.
Selection for the Best Workplaces list is based primarily on responses
to a proprietary Institute employee survey about the level of trust and
quality of relationships in the respective organization. In addition to
the Pride dimension, the other categories of the Institute's Work Trust
Index include: Credibility; Respect; Fairness; and Camaraderie.
"We are very proud of Scotiabank and its employees' long standing
commitment to community service, which is an important part of the way
we do business," said Sylvia Chrominska, Group Head, Global Human
Resources and Communications, Scotiabank. "Our recent launch of the
global 'Bright Future' program - uniting the Bank's charitable, social,
community and employee volunteer activities - expands further our
commitment to communities around the world where our 70,000 employees
live and work."
In 2010, Scotiabank employees invested more than 324,000 hours
volunteering and fundraising in their communities. By applying through
the Bank's formal community programs they generated C$7.5 million in
additional funding for the organizations they supported.
Each year, the Great Place to Work® Institute produces its Best
Workplace rankings in 40 countries around the world. In recent years
Scotiabank has also received the Best Workplace designation in Mexico,
the Caribbean and Central America (including Puerto Rico, Dominican
Republic, El Salvador, Guatemala, Panama and Costa Rica) and Peru.
Scotiabank Employee Pride in Community Involvement
Note: Great Place to Work® Benchmark for Best Large Workplaces 2011 -
Scotiabank is committed to supporting the communities in which we live
and work, both in Canada and abroad, through our global philanthropic
program, 'Bright Future'. Recognized as a leader internationally and
among Canadian corporations for our charitable donations and
philanthropic activities, Scotiabank has provided on average
approximately $44 million annually to community causes around the world
over each of the last five years. Visit us at www.scotiabank.com.
Scotiabank is one of North America's premier financial institutions and
Canada's most international bank. With more than 70,000 employees,
Scotiabank Group and its affiliates serve some 18.6 million customers
in more than 50 countries around the world. Scotiabank offers a broad
range of products and services including personal, commercial,
corporate and investment banking. With assets above $541 billion (as at
January 31, 2011), Scotiabank trades on the Toronto (BNS) and New York
Exchanges (BNS). For more information please visit www.scotiabank.com
For further information:
Deborah Clark, Scotiabank Media Communications, 416-933-0646