Climate Adaptation

Global warming and the impact it is having on our changing climate is one of the most pressing sustainability challenges we face today. This phenomenon has the potential to have a significant impact on ecosystems, economies and communities. We are an investor, employer, and contributor to the communities where we are established. As such, we recognize our responsibility to help create a future where prosperity is harmonized with addressing the critical challenges of climate change. Growing our business profitably in a way that supports a low-carbon economy will be an important issue for the Corporation and our stakeholders.

Our Strategy

Our strategy for adapting to climate change is focused on positioning our business positively within the context of a low-carbon economy and supporting policies that advance solutions to address climate change impacts.

Climate Advocacy and Outreach

In line with our contributions to community projects and initiatives that increase awareness and knowledge on climate change impacts and management, Power Corporation supports various organizations that are focused on issues related to climate change. The following provides examples of the research organizations we support:

David Suzuki Foundation – We support the Foundation’s work with governments, businesses and individuals to conserve the environment by providing science-based education, advocacy and policy work, and by acting as a catalyst for social change.

One Drop Foundation – We support the Foundation’s work in developing countries to provide access to water, ensure food security, and to use arts and culture to educate local communities on issues concerning water and climate change.

Carbon Disclosure

We 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, we obtained a score of B.

Our Objective
Steps Taken to Achieve our Objectives

Explore Renewable Energy

Established a wholly owned subsidiary, Power Energy Corporation, which is investing in the clean-energy and energy-efficiency sectors.

Minimize Investment Risks

Continue to integrate economic, environmental and social factors into our investment process and active ownership approach, which includes climate change risks and opportunities, where relevant.

Invest in Sustainable Businesses

We invest in sustainable companies that are proactively adapting to the impacts of climate change on their businesses through products, services, markets and operations. We engage with our major subsidiaries through a group-wide CSR committee on a range of corporate social responsibility initiatives, including GHG emission and climate change strategies.

Support Policies

We support collaborative policies and frameworks that advance growth within a low-carbon economy, including the David Suzuki Foundation and the One Drop Foundation.

Climate Advocacy and Outreach

In line with our contributions to community projects and initiatives that increase awareness and knowledge on climate change impacts and management, Power Corporation supports various organizations that are focused on issues related to climate change. The following provides examples of the research organizations we support:

David Suzuki Foundation – We support the Foundation’s work with governments, businesses and individuals to conserve the environment by providing science-based education, advocacy and policy work, and by acting as a catalyst for social change.

One Drop Foundation – We support the Foundation’s work in developing countries to provide access to water, ensure food security, and to use arts and culture to educate local communities on issues concerning water and climate change.

Carbon Disclosure

We 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, we obtained a score of B.

Highlights from our Group Companies

As part of our strategy, we also invest in sustainable companies whose products and services contribute to a low-carbon economy and societal well-being.

In addition to supporting organizations that are focused on issues related to climate change, our major publicly traded subsidiaries encourage their staff to get involved with environmental causes they support. Great-West Lifeco examples include the World Wildlife Fund, Habitat for Humanity, Pollution Probe (Healthy Communities Campaign), the International Institute for Sustainable Development, as well as the Canadian Institute for Energy Training. IGM Financial examples include the EcoPass/Allego/VIP Public Transit Incentive Program, the Nature Conservancy of Canada Forces of Nature Campaign, the Commuter Challenge and Earth Day Canada.

Sustainable Materials

IGM Financial’s subsidiary Investors Group offers mortgages that incentivize energy-efficient homes and renovations.

Imerys continued to develop carbon efficient products and is increasing research and innovation spend into new cleaner products. In 2015, it introduced more than 90 new products. About 18 of them offer an environmental benefit, while others improve ease of use. For Imerys, a product is environmentally friendly if it meets one of the following three criteria: high efficiency, green alternative, or lower carbon footprint. 

The product may help reduce resource consumption during its use by the customer, replace existing solutions that are potentially harmful to health or the environment, increase recyclability, or reduce the environmental impact during the life cycle of the materials. Imerys also improved its carbon efficiency from 1.5% in 2015 from the 2014 base year, for a total reduction of 39,000 tons in CO2 emissions.

Electronic Media

La Presse is focusing on digital news products and platforms, while also regularly publishing content that examines climate change topics.

Renewable Energy

We invest in the renewable energy sector through our wholly owned subsidiary Power Energy, which invests in and develops renewable energy companies that can provide stable and growing long-term recurring cash flows. Power Energy conducts operations through two companies: Potentia Renewables, a solar energy power producer based in Ontario, and Eagle Creek Renewable Energy, a U.S.-based owner and operator of hydropower facilities.

Great-West Lifeco’s Canadian bond group also invested approximately $400 million in green energy projects including investments in solar, wind and hydro energy projects.

Scroll To Top