Fossil Free Investments at Scotiabank
Scotiabank continues to be the third-largest Canadian bank in financing fossil fuel projects, yet they introduced fossil-free investment options in 2020. Hopefully, this will signal a shift by the bank to stop fueling the climate disaster. This is solely a directory and not financial advice.
In Branch
Scotiabank currently offers a global equity and a Canadian fixed income fossil-free mutual fund in their branches, along with a balanced option that combines the two. The Tangerine SRI Portfolios are not available at Scotiabank branches.
- Scotia Low Carbon Global Balanced Fund
- Scotia Low Carbon Canadian Fixed Income Fund
- Scotia Low Carbon Global Equity Fund
Online
Scotia iTrade allows the purchase of the three mutual funds listed above along with exchange traded funds listed on our ETF Portfolios and Specialized ETFs pages. In addition, Scotiabank introduced four fossil-free ETFs on the NEO Exchange in 2022. The platform collects a fee per trade. Note that this offering does not include financial guidance. Mutual fund portfolios consisting of these ETFs are available through Tangerine.
- Scotia Responsible Investing Canadian Bond Index ETF (NEO:SRIB)
- Scotia Responsible Investing Canadian Equity Index ETF (NEO:SRIC)
- Scotia Responsible Investing US Equity Index ETF (NEO:SRIU)
- Scotia Responsible Investing International Equity Index ETF (NEO:SRII)
Are You a Physician?
Scotiabank owns MD Financial Management, which offers two other mutual funds exclusively for Canadian physicians:
Last Updated: February 19, 2022
