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"PROCESSES TO AVOID SLAVERY AND HUMAN TRAFFICKING In 2016 BNS
issued a global Human Rights Statement (“Statement”), which was revised in 2019, setting out our respect for human rights under the U.N. Guiding Principles for Business and Human Rights. The Statement is based on corporate-wide human rights due diligence undertaken by BNS. The Statement reinforces BNS’s and our subsidiaries’ human rights commitment to our workforce, as a financial services provider, as a business partner and our commitment to the communities in which we operate.
BNS continues to review and improve internal processes impacting Human Rights as set out in our Human Rights Statement. To identify and mitigate risk, Scotiabank Europe undertakes due diligence procedures on new customers and direct suppliers, which are designed to identify and mitigate risk. These procedures are considered to identify the supplier and owner (s) of the customers and ensure that the requirements of the BNS Anti-Money Laundering / AntiTerrorist Financing Program and a Global Sanctions Compliance Program are followed prior to any business being executed by or through Scotiabank Europe.
Business Lines are required to complete a risk assessment which includes determining whether there is any aspect of the supplier and / or services to be provided which could depart from the ethical standards of Scotiabank Europe.
BNS has an internal Code of Conduct that outlines our rules and expectations regarding proper business conduct and ethical behaviour of directors, officers and employees of BNS and our subsidiaries. The Code’s principles include the requirement to avoid a conflict of interest, to conduct oneself honestly and with integrity and to treat everyone fairly, equitably and professionally including customers, suppliers or service providers and employees. BNS requires all employees and directors of BNS, and of our subsidiaries, to provide annual written certification of their compliance with the Code of Conduct."