Over the past few years, we, at Power Financial and at our group companies, have multiplied our efforts to strengthen our corporate social responsibility programs and initiatives, which are fundamental to our business success.
We are proud to see our efforts, as well as those of our subsidiaries, being recognized by a number of highly respected organizations.
The CDP works to transform the way the world does business in order to prevent climate change and protect natural resources. The organization works with various shareholders and corporations to enhance disclosure around greenhouse gas emissions.
Power Financial and Power Corporation have been responding to the CDP Climate Change Program for the past five years and support the organization’s endeavours to increase transparency and disclosure on climate change governance, risks and opportunities, management and performance. In 2016, both Power Financial and Power Corporation obtained a score of B.
IGM Financial reports to the CDP on their energy use and greenhouse gas emission performance. 2016 was the fourth year that IGM Financial was participating in the CDP survey, obtaining a score of A-.
Participating in the annual CDP Climate Change program for a fourth consecutive year, Great-West Lifeco has earned a position on CDP’s 2016 Climate A List, placing it in the top 10% of companies globally, the only Canadian financial services company to do so.
Created by the global index provider FTSE Russell, the FTSE4Good Index Series is designed to measure the performance of companies demonstrating strong Environmental, Social and Governance (ESG) practices. The FTSE4Good indices are used by a wide variety of market participants to create and assess responsible investment funds and other products.
Power Financial and Power Corporation have been added to the FTSE4Good Global Index, effective December 19, 2016.
IGM Financial was added to the FTSE4Good Index Series in June 2016.
Imagine Canada is national program promoting corporate and public giving, volunteering, and support in the community, and calls for corporations to contribute a target of 1% of pre-tax domestic profit to charitable causes.
A member of the program since 1989, our parent company Power Corporation has consistently exceeded its minimum donation guideline and has consequently been designated a “Caring Company” by Imagine Canada.
Our subsidiaries Great-West Life, London Life, Canada Life, Investors Group and Mackenzie Investments have also received the “Caring Company” designation in recognition for their generous contribution to their communities.
In 2016, all of Great-West Lifeco’s Canadian corporate head offices were certified BOMA BEST® Gold with the exception of one property currently at Silver. In 2016, a total of 22 awards were presented to properties managed by one of Great-West Lifeco’s subsidiaries, GWL Realty Advisors, including BOMA Canada’s prestigious National Earth Award, which was presented to the London Life RAM Centre.
At the end of 2016, 10.9 million square feet of GWL Realty Advisors’ managed portfolio was LEED®-certified, and 96% of Great-West Lifeco’s eligible portfolio was either BOMA BEST® certified or actively pursuing certification – a total of close to 300 certified buildings.
In 2016, the Investors Group's Summa SRITM Fund (Series C) was ranked fifth in the Eco–Fund Ratings of Corporate Knights – a Toronto-based media and investment advisory company that promotes an economic system that reflects social, economic and ecological costs and benefits. The ratings help Canadian investors to see which funds provide the best combination of economic and environmental performance.
IGM Financial ranked in the top 10 of Corporate Knights' 2017 Best 50 Corporate Citizens in Canada. The ranking was based on 12 key performance indicators covering resource, employee and financial management.
IGM Financial is listed on the Jantzi Social Index (JSI), a leading Canadian sustainability index, and was rated as one of the top performing Canadian diversified financial services companies by global environmental, social and governance research firm Sustainalytics.
In 2016, GWL Realty Advisors achieved a “Green Star” ranking from the Global Real Estate Sustainability Benchmark (GRESB) survey for a second consecutive year. GWL Realty Advisors improved its position from the top 15% of 707 global participants in 2015 to the top 10% of 759 global participants in 2016. The company also scored well above the global average and the average for its North American peer group in each of the assessed categories.
In 2017, Great-West Life was again recognized as one of Canada’s Top 100 Employers and as one of the Top 25 employers in Manitoba, where the company is headquartered. In 2017, for the second consecutive year, Great-West Life was chosen among Canada’s Top Employers for Young People. In 2017, Great-West Life was also selected one of Top Employers for Canadians Over 40.