Stakeholder Engagement
At Power Corporation, we believe that our stakeholders are a key component of our success and recognize the importance of taking into account various stakeholder perspectives to inform our decisions and actions, where relevant. This is why we constantly strive to foster relationships and promote mutual understanding and trust with them. In fact, maintaining an ongoing dialogue with our stakeholders is an integral part of our responsible management approach.
Engagement Process
We engage with a broad range of internal and external stakeholders.
Through stakeholder engagement, we aim to learn about our stakeholders’ views and needs, better understand their concerns and expectations of us, and gain insights about what matters most to them. This allows us to deepen our understanding of key topics and issues, address items of mutual interest and make better and more informed decisions regarding ESG matters. We will continue to engage with stakeholders to inform our continuous improvement efforts as well as the content of our reporting.
Engagement Methods
We are committed to maintaining a collaborative and open dialogue, both formal and informal, with a broad range of stakeholders. Below is a summary of how we engage with them as well as examples of topics on which we engaged in 2023.
GROUP COMPANIES
Engagement Methods
2023 Engagement Topics
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Representation on their boards of directors and regular formal and informal discussions with their senior management as part of our active ownership governance model
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Annual Power group-wide Sustainability Conference
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Ongoing informal dialogue with sustainability teams and leaders
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Business strategy and value creation
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ESG risks, opportunities, and priorities
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Scope 1, 2 and 3 GHG emissions inventory calculation and reporting, including financed emissions
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ESG data collection and ESG data management tools
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The International Sustainability Standards Board’s IFRS sustainability disclosure standards
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Biodiversity
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Net zero transition plans
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Diversity, equity and inclusion
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Community impact
INVESTORS, SHAREHOLDERS AND ANALYSTS
Engagement Methods
2023 Engagement Topics
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Annual Meeting of Shareholders
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Quarterly earnings calls and live webcast
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Industry conferences and investor roadshows
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Investor/analyst meetings
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Ad hoc communications with the investor relations team
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Corporate secretary’s office
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Business strategy and value creation strategy
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Corporation’s approach to executive compensation
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Governance-related matters
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Shareholder proposals
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Environmental and social policies and performance
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Employee diversity
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Financial disclosure enhancement
EMPLOYEES
Engagement Methods
2023 Engagement Topics
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Formal company townhalls and Q&A sessions with executives
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Informational company-wide events
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Team meetings
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Written communications to all employees
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Training programs
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Annual performance reviews
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Informal feedback mechanisms
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Surveys
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Business performance and updates
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Corporate values, policies and programs
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Sustainability and community involvement
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Career development and training
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Diversity, equity and inclusion
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Comprehensive benefits, including benefits to support health and well-being
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Indigenous reconciliation
SUPPLIERS
Engagement Methods
2023 Engagement Topics
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Formal exchanges
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Informal discussions
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Provision of sustainable products and services
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The importance of ESG factors and high ethical standards
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Power’s Third Party Code of Conduct
SOCIAL DEVELOPMENT ORGANIZATIONS
Engagement Methods
2023 Engagement Topics
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Community partnerships, meetings and events
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Diversity, equity and inclusion
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Indigenous reconciliation
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Elimination of poverty
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Advancement of women and gender equality
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Green technology innovation
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Health and education
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Social entrepreneurship
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Arts and culture
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Financial inclusion
RESPONSIBLE INVESTMENT AND ESG RATING ORGANIZATIONS
Engagement Methods
2023 Engagement Topics
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Surveys and questionnaires
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Ad hoc communications
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Climate performance and disclosure
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Diversity
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Governance-related matters
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ESG performance and disclosure