Environment

Our commitment to environmental responsibility is underpinned by the importance we place on preventing and minimizing the impact of our activities on the environment. Sound environmental practices and behaviours are entrenched in our approach to business activities; we remain committed to conducting our activities in an environmentally responsible manner by focusing on continuously improving our practices.

As a holding company, our direct environmental impact is limited to the operations of our head office, which has no production or manufacturing functions. Despite this limited impact, we work diligently to reduce our environmental footprint, while working with our group companies to support their environmental management initiatives.

Our management approach to the environment is further reinforced through our Environmental Policy, which sets out our commitment to conduct our activities in an environmentally responsible manner. We have established an environmental management system based on the Building Owners and Managers Association (BOMA) Go Green Certification Management System. Every three years, an audit is conducted to assess compliance with the management system criteria. This includes resource consumption, waste management and recycling, and materials management. Ongoing monitoring of these programs is conducted to continuously improve our performance.

Our environmental management activities are overseen by the Vice-President, Administration and Human Resources, and the Vice-President and General Counsel.

We have focused our environmental priorities on:
REDUCING

Energy and carbon footprint

INCREASING

Use of renewable resources

PREVENTING, REDUCING AND DIVERTING

Waste from landfills

PROCURING

Products and services responsibly

2016 Achievements

  • Established a new target to reduce our consumption of natural gas and electricity at our head office properties by 8% by 2020, using 2011 as a baseline1.
  • Decreased our consumption of natural gas and electricity at our head office properties by 12.6%, using 2011 as a baseline.
  • Responded to the CDP questionnaire for the fifth year, using for the first time a financial control approach and rolling up data from Power Financial, Great-West Lifeco and IGM Financial. We obtained a score of B (Management) in 2016.
  • Our 2016 GHG emissions, reported and referenced in our 2017 CDP submission, were externally verified.
  • Maintained green building certification though BOMA BEST® at our corporate head office.
  • Undertook the process to achieve Leadership in Energy and Environmental Design (LEED®) certification (EB 2009) of our corporate head office buildings.
  • Helped finance sustainable and renewable energy projects through our subsidiary Power Energy Corporation. 
  • Engaged with suppliers to procure sustainable products and services.
  • No environmental incidents were reported. 
1. Given our limited environmental footprint, going forward, we will be focusing our efforts on electricity and natural gas consumption at our head office properties, rather than on GHG emissions from these sources.

 

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