Applications Invited for Scotiabank Climate Action Research Fund

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About the Organization

Scotiabank’s vision is to be our clients’ most trusted financial partner and deliver sustainable, profitable growth. Guided by our purpose: "for every future," we help our clients, their families and their communities achieve success through a broad range of advice, products and services, including personal and commercial banking, wealth management and private banking, corporate and investment banking, and capital markets. With assets of approximately $1.4 trillion (as at January 31, 2025), Scotiabank is one of the largest banks in North America by assets, and trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS).

About the Grant

The Scotiabank Climate Action Research Fund grants approximately $1 million annually to organizations conducting research and exploring climate-related initiatives.

Through this initiative, we seek research submissions that have the potential to support the transition to a lower-carbon economy. Successful submissions may focus on, but are not limited to, one or more of the following themes below:

• Detailing of potential pathways for decarbonization:
• On a national economy (e.g., Mexico) or substantive sub-national economy (e.g., Province of Quebec) basis, across industrial economic sectors.
• On an individual industrial or economic sector basis (e.g., mining, cement, steel, built environment), across systems, processes, materials, etc.
• Identification and quantification of novel carbon sinks (sources of carbon sequestration) and specific mechanisms for carbon removal.
• Emerging and innovative financing mechanisms to support acceleration of decarbonization efforts.
• Public policy and/or regulatory changes required to enable or facilitate more rapid decarbonization.
• Areas of innovation that need to be better understood or funded to accelerate decarbonization pathways. This includes improvements to greenhouse gas emissions-related measurements, data aggregation, and dissemination, especially in sectors with limited data availability and regional variability (such as agriculture and residential mortgages).
• Levers for increasing consumer, municipal, or industrial demand for drastically lower / zero carbon

Grant Size

Scotiabank will award grants from a minimum of CAD $25,000 up to a maximum of CAD $100,000 through this 2025 Call for Submissions. Any submission not granted funds through this process may be re-submitted for a future Call for Submissions, with the next Call expected in March/April, 2026.

Eligibility

To be eligible for funding through the Scotiabank Climate Action Research Fund, partner organizations must be a registered charity or registered non-profit organization in their jurisdiction.

How to Apply

Submissions must be fully completed and submitted for review. The deadline for submissions is Thursday

May 22, 2025, at 11:59pm ET.

The application form can be found through the Climate Change Centre of Excellence.

For more information please check the Link

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