ScotiaBank Introduces Inclusive Parental Leave Policy

#TurksandCaicos, May 2, 2022 – Scotiabank TCI, today, announced that it will be adopting a new standard for parental leave for employees. The enhanced offering will include increased fully paid leave for all parents welcoming a new child, including adoptive parents, legal guardians and parents who have given birth.

Maternity leave will be increased to 16 weeks – up from 14 weeks, while fathers, adoptive parents and appointed legal guardians with a new child, will receive 4 fully paid weeks of parental leave.

“We are so happy to be among the pioneers for such progressive and inclusive employee-centric policies in the Turks and Caicos Islands. This is also a demonstration of our core commitment to diversity and to put our people first as we partner with the business on achieving success across the Bank’s operations. There is also a wealth of information that illustrates the benefits of paid parental leave not just for parents, but also for children, the wider community and companies,” said Patricia Adams, Managing Director (acting) commenting on the improved policy.

The enhancements to the Parental Leave Policy came into effect in March 2022 for Scotiabank employees in The Turks and Caicos Islands and other countries in the region where the Bank operates.

“Delivering on our core purpose of ‘for every future’ underpins our approach to making our parental leave policy inclusive of all parents,” said Anya Schnoor, Executive Vice President, Caribbean, Central America, and Uruguay (CCAU). “No matter where Scotiabankers are located, they will be able to expect  quality coverage and flexibility that affords them the time away from work to support their families,” Schnoor said in closing.

Release: ScotiaBank