Green Bond Fact SheetBank of Nova Scotia

Date: 22/07/2019

Issue date: 18-07-2019 Maturity date: 18-01-2023 Tenor: 3.5
Issuer NameBank of Nova Scotia(Scotiabank)Amount Issued

USD500m

Country of risk

CanadaCBI Database

Included

Issuer Type1

Financial corporate

Bond Type

Senior unsecured

Green Bond Framework

Link to framework

Second party opinion

Sustainalytics

Certification Standard

Not certified

Assurance report

N/A

Certification Verifier

N/AGreen bond rating

N/A☒ Energy☐ Solar☐ Onshore wind
☐ Offshore wind
☐ Geothermal☐ Hydro☐ Tidal☐ Biofuels☐ Bioenergy☐ District heating☐ Electricity grid

☐ Energy storage☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☐ Buildings☐ Certified Buildings☐ HVAC systems☐ Energyperformance☐ Water performance☐ Energy storage/meters☐ Other energy related☐ Industry: components☐ Adaptation & resilience☒ Transport☐ Electric vehicles☐ Low emissionvehicles☐ Bus rapid transit☐ Passenger trains☐ Urban rail

☐ Freight rolling stock☐ Coach / public bus☐ Bicycle infrastructure☐ Energy performance☐ Transport logistics☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Water & wastewater☐ Water distribution☐ Water treatment☐ Wastewatertreatment☐ Water storage☐ Storm water mgmt
☐ Flood protection☐ Desalinisation plants☐ Erosion control☐ Energy performance☐ Infrastructure☐ Industry: components☐ Adaptation & resilience☒ Waste management☐ Recycling☐ Waste prevention☐ Pollution control☐ Landfill, energy capture☐ Energy performance☐ Infrastructure☐ Waste to energy☐ Industry: components☐ Adaptation & resilience

Use of Proceeds☒ Land use & agriculture☐ Afforestation/parks☐ FSC Forestry☐ FSC Cellulose &paper☐ Land remediation☐ Energy/water efficiency☐ Sustainable agriculture☐ Adaptation & resilience☐ Other☐ Adaptation &resilience☐ ICT☐ Industry: process

Issue details
ReportingCompany information

The bond benefits from a SPO by Sustainalytics. The bank will publish its first post-issuancereport a year after the Green Bond’s issue date, and every year thereafter until full
allocation of proceeds. This will include both use of proceeds and impact information. The
details are outlined in the Framework.
The Bank of Nova Scotia, operating as Scotiabank, is a Canadian multinational bank thatoffers retail and commercial banking, wealth management and private banking, corporate
and investment banking, and capital markets services. Scotiabank employs approximately
90,000 people globally. It is Canada’s third largest bank by market capitalization.

Firsts, records andcertifications
Proceeds description

Proceeds will be allocated exclusively to finance or refinance eligible new or existing loansthat Scotiabank has made to businesses, assets or projects. A business will be considered
eligible only if it derives 90% or more of its revenues from a list of specified project
categories in Scotiabank’s Green Bond Framework (see pp.4-5).
In addition to the more typical financing categories, such as green buildings, renewableenergy and transport, Scotiabank has also included terrestrial and aquatic biodiversity
conservation.

Climate Bonds view

We welcome additional financial corporate issuance from Canada and commend
Scotiabank for its robust framework and extensive post-issuance transparency commitment
to the market. This is only the third commercial bank from Canada after TD Bank and theRBC to issue green debt. With lots of latent potential in the country’s financial sector, wehope to see others follow the example.

Underwriters
Deal comments
Credit Rating
Pricing summary
Investors summary

1Issuer categories: ABS, development bank, financial corporate, government-backed entity, loan, local government, non-financial
corporate, sovereign