TORONTO, April 16, 2024 /CNW/ - Today, Scotiabank announced that it is accepting grant submissions across its footprint for the Net-Zero Research Fund. Organizations developing innovative research and opportunities to decarbonize key sectors and support the shift to a low-carbon economy have until May 28, 2024, to submit a submission for funding.

Since 2021, Scotiabank's Net-Zero Research Fund has distributed CAD$3 million to more than 30 registered charities and non-profit organizations conducting climate and decarbonization research. In 2023 for example, the University of Alberta received a grant to develop a net-zero vision and find transition pathways for Canada's steel sector.

Other projects that have received grants from the fund include:

• Expanding carbon sequestration
• Developing improvements to greenhouse gas emissions measurements
• Identifying policy and regulatory changes to enable rapid decarbonization
• Increasing demand for lower or zero-carbon technologies

Scotiabank's grants in 2024 will range from CAD $25,000 to CAD $100,000. Organizations must be registered charities and non-profit organizations to be eligible for the Scotiabank Net-Zero Research Fund.

Visit Scotiabank's Climate Change Centre of Excellence for information on past winners, submission eligibility and to apply.

About Scotiabank
Scotiabank's vision is to be our clients' most trusted financial partner, to deliver sustainable, profitable growth and maximize total shareholder return. 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, 2024), Scotiabank trades on the Toronto Stock Exchange (TSX: BNS) and New York Stock Exchange (NYSE: BNS). For more information, please visit http://www.scotiabank.com and follow us on X @Scotiabank.

SOURCE Scotiabank

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