United Nations Global Compact

At Power Financial, we have strengthened our commitment to responsible management by becoming a signatory to the United Nations Global Compact.

The United Nations Global Compact is a voluntary strategic policy initiative for businesses committed to establishing a consistent approach to corporate social responsibility within ten universally accepted principles in the areas of human rights, labour, environment and anti-corruption. We are committed to continuing to make the Global Compact and its principles part of the culture and day-to-day activities of our business. These activities and strategies are presented in our Communication on Progress.

CEO Statement of Continued Support

Our Commitment

As a diversified management and holding company, we believe our success as a business is deeply rooted in our strong commitment to responsible management. By carefully considering environmental, social and governance (ESG) factors in our business decisions, we are driving sustainable value in our operating businesses and investments, while enabling economic and social progress at large.

Responsible management has long been an intrinsic corporate value at Power Financial and is a constant priority that we believe is consistent with our commitment to the UNGC's ten principles on human rights, labour rights, environment and anti-corruption. As a signatory to the UNGC principles since 2014, we are pleased to continue our commitment of support in 2018 in alignment with the UNGC Advanced Level Criteria, which includes the ten principles as well as the United Nations 17 Sustainable Development Goals (SDGs).

Management Approach

At Power Financial, we invest in companies with sustainable business models that share the same philosophy and commitment to acting responsibly and ethically, and to serving the larger community in general. Our companies have a long and proud history of being responsible employers, and consistently demonstrate integrity and high ethical standards. They also understand the need to protect the environment, and to contribute to economic prosperity and to the communities where they operate. This is the essence of responsible management. 

As part of our active ownership approach, we engage both formally and informally with our portfolio companies to confirm they continue to be managed in a manner consistent with our responsible management philosophy, including our , our  and our commitment to the UNGC.

Statement of Continued Support

Every year, we strive to strengthen our responsible management commitments, programs and disclosures in alignment with international standards. To demonstrate the progress we have made over the past year, our 2018 Communication on Progress has been prepared to provide information on the commitments, programs and performance of our group companies with the aim of advancing social and economic progress.

Throughout this document we reference our websites and other relevant corporate disclosure, which provide a means of publicly documenting and disclosing our approach and practical examples of how responsible management is implemented within our business and at the Power Financial group of companies.
 

R. Jeffrey Orr

President and
Chief Executive Officer

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