Kingston, Jamaica - April 26, 2023 – Scotiabank has announced that it is accepting grant submissions for its Net-Zero Research Fund. Not-for-profit and charitable organizations currently developing research and leading opportunities to decarbonize key sectors of our economy have until Wednesday, May 31, 2023, to submit their proposals for funding. 

Established in 2021 as part of the Bank’s Climate Commitments, Scotiabank’s $10 million Net-Zero Research Fund initiates partnerships with leading think tanks and academic institutions and provides funding to support research to advance global decarbonization.

 “We are very keen on helping to raise awareness and action on matters related to environmental preservation – in this case, the reduction of carbon usage. We also appreciate the potential risks that present themselves if, as a small island nation, we fail to take both restorative and pre-emptive action. Our actions today as a society will ultimately determine our resilience and ability to withstand future threats for generations to come,” said Audrey Tugwell Henry, President and CEO Scotia Group. “ 

We are therefore strongly encouraging local stakeholders to take advantage of the funding that Scotiabank has made available to support programmes to address climate change. We are proud to do our part as a responsible corporate citizen to assist in the critical transition to a net-zero future,” Tugwell Henry added. 

To date, Scotiabank’s Net-Zero Research Fund has supported 21 academic and non-profit organizations conducting climate and decarbonization research within Canada, the U.S., Latin America and the Caribbean for the following types of projects:

• Expanding carbon sequestration
• Developing improvements to greenhouse gas emissions-related measurements, data aggregation and dissemination focused on sectors with limited data availability and regional variability (such as agriculture and residential mortgages) 
• Identifying public policy and regulatory changes required to enable rapid decarbonization
• Increasing the consumer, municipal, or industrial demand for lower or zero-carbon technologies

Scotiabank grants for successful proposals in 2023 will range from CAD $25,000 to CAD $100,000. Organizations must be registered not-for-profit or charitable organizations in their jurisdiction to be eligible for the Scotiabank Net-Zero Research Fund. For information on submission eligibility and how to apply, please visit https://www.scotiabank.com/ca/en/about/responsibility-impact/climate-commitments/climate-change-centre-of-excellence.html.