Performance and Future Commitments

We measure and monitor the progress of our strategic initiatives against internal objectives. We are committed to continuously improving our performance.

GOVERNANCE

Priorities

Through our active ownership approach, ensure highest ethical standards are maintained including respecting and protecting human rights and compliance with our Global Anti-Bribery Policy.

2015 Achievements
  • Launched a CSR-dedicated microsite to report on our progress on the various aspects of CSR.

  • Implemented a Board and Senior Management Diversity Policy.

  • Developed a Responsible Procurement Policy Statement and a Third Party Code of Conduct.

  • Submitted a first Communication on Progress to the United Nations Global Compact.

  • Continued to report and engage with CSR rating organizations.

  • All employees acknowledged compliance with the Code of Business Conduct and Ethics and no breaches were reported.

  • Continued to meet regularly with our group companies to align our commitments and to share knowledge on CSR initiatives.

2016 Commitments
  • Continue to report and engage with a number of CSR rating organizations.

  • Continue to share knowledge on CSR initiatives through regular group company meetings.

  • Develop web-based employee training program for the Code of Business Conduct and Ethics and associated corporate policies.

INVESTMENTS

Priorities

Invest in quality companies with sustainable franchises and attractive growth prospects that demonstrate they are managed in a responsible manner.

2015 Achievement
  • Continued to engage with our group companies and investments on environmental, social and governance (ESG) issues through our active ownership approach.

2016 Commitments
  • Continue to integrate ESG considerations into decision-making through our active ownership approach.

  • Continue to share knowledge within our group companies on integrating ESG factors into investment analysis process.

EMPLOYEES

Priorities

Develop people and manage talent, support a diverse and inclusive workforce, and promote health and well-being.

2015 Achievements
  • Completed the first full year of the performance and career management program.

  • Started to compile human resources related metrics. 

  • Provided access to Best Doctors Program available to all our employees. Best Doctors provides a free and confidential access to a global database of 50,000 peer-ranked medical specialists who can help understand medical conditions and treatment options.

2016 Commitments
  • Develop web-based employee training program for the Code of Business Conduct and Ethics and associated corporate policies.

  • Continue to compile and communicate information on human resources related metrics.

 

Environment

Priorities

Reduce our environmental footprint, adapt our business to a changing climate and support responsible procurement.

2015 Achievements
  • Reduced GHG emissions and energy associated with electricity and natural gas consumption by 7.2%, using 2011 as a baseline, exceeding the 5% reduction target we had established.

  • Received a score of 90C on the 2015 CDP, and scored B in 2016.

  • Maintained green building certification though BOMA BESt® at our corporate head office.

  • No environmental incidents were reported. 

  • Helped finance cleaner and more renewable energy projects through our subsidiary Power Energy Corporation. 

  • Engaged with suppliers to procure sustainable products and services.

2016 Commitments
  • Reduce GHG emissions from the use of electricity and natural gas by 8% by 2020, using a 2011 baseline.

  • Continue growing our renewable energy investments.

Society

Priorities

Make a positive contribution to society, improve financial well-being and increase participation in employee community programs.

2015 Achievement
  • In 2015, Power Corporation and its group companies employed 26,500 individuals and contributed $3.8 billion in employee salaries and benefits. 

2016 Commitment
  • Explore potential measures to better quantify Power Corporation’s economic value added.

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