Scotiabank (TSE: BNS) has been included in Bloomberg’s Gender-Equality Index (GEI) for the fifth year in a row. The GEI is a benchmark that tracks the performance of publicly traded companies that are committed to being transparent about the communication of their data on gender and gender equality.
Recognition for Scotiabank’s Efforts to Prioritize Gender and LGBT+ Equality
The 2022 GEI assesses gender equality across five pillars: female leadership & talent pipeline, equal pay & gender pay parity, inclusive culture, anti-sexual harassment policies, and pro-women brand.
In addition to being included in the 2022 GEI, Scotiabank has been recognized as a Triple Winner and one of the “Best Places to Work for LGBTQ+ Equality” by the Human Rights Campaign (HRC) Foundation.
Indeed, in the United States, Mexico and Chile, Scotiabank achieved a perfect score of 100% on the HRC’s Corporate Equality Index (CEI), which is a benchmarking report on workplace policies and practices for LGBTQ+ people in the workplace.
Management Commentary
“We believe that inclusion makes us stronger, as a team within Scotiabank and for the diverse communities we serve every day,” said Barb Mason, Group Head and Chief Human Resources Officer, Scotiabank.
“Creating a workplace where everyone, regardless of gender, can bring their whole selves to work and thrive is critical to our success as a Bank and an employer of choice throughout the Americas.”
Wall Street’s Take
Two weeks ago, Barclays analyst John Aiken maintained a Hold rating on BNS with a price target of C$96. This implies 5.5% upside potential.
The rest of the Street is bullish on BNS with a Strong Buy consensus rating based on six Buys and two Holds.
The average Bank of Nova Scotia price target of C$94.14 implies 3.6% upside potential to current levels.
TipRanks’ Smart Score
BNS scores a 9 out of 10 on TipRanks’ Smart Score rating system, indicating that the stock returns are likely to outperform the overall market.
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