Canadian bank Scotiabank distinguished itself in 2025 by structuring social, green, sustainability, and sustainability-linked loans across North America, Latin America, the Caribbean and Europe in eight different currencies. It was this diverse participation that led it to be awarded the Loan sustainability coordinator of the year award.

It was, in addition, an important player in the Latin American and Canadian markets.

Its achievements in 2025 included serving as the green loan structuring agent for Colombian steel producer Diaco's inaugural green loan in January. It is reported the financing obtained through this will help support steel manufacturing using electric arc furnaces, designed to permit up to 90% of the steel in the finished product to come from recycled material.

The firm also acted in multiple roles for the two phases of the Estepa project, a hybrid solar and battery storage energy project in Chile, which aims to deliver 215MWp of solar capacity in a deal valued at $413 million.

In assessing the entrants for the award, the judges at the Environmental Finance Sustainable Debt Awards pointed to the 'remarkable' number of sustainable loans participated in by the bank in 2025.