We recognize the important role we can play in advancing more sustainable business practices through the influence we have on our suppliers and business partners. Procurement decisions are taking a prominent role in the sustainability agenda, having become an important mechanism to create a greater impact on achieving environmental benefits.
The decisions we make on the procurement of products and services are based on our sustainability commitments and are aligned with organizations which share our values on this topic. Our commitment to green procurement focuses on integrating environmental considerations into our decision-making processes in a way that creates long-term and sustainable environmental benefits.
Steps Taken to Achieve our Objectives
We established a partnership with our paper suppliers to source only environmentally responsible paper. Such paper has earned responsible forestry certification through the Sustainable Forestry Initiative (SFI) and/or the Forest Stewardship Council (FSC).
Non-Toxic Building Cleaning Products
We continue to work with our building managers to source sustainable products, including non-toxic cleaning products and building materials.
When sourcing Information Technology (IT) equipment, including computers, printers and computer networks, we work with suppliers to purchase equipment that is energy efficient. All of Power Corporation’s IT equipment is “Energy Star” certified.
We support local small- and medium-sized businesses by purchasing their products and services. For example, our local food catering service is encouraged to use only natural and pesticide-free ingredients, and to purchase local products.
Highlights from our Group Companies
As part of the process followed by Great-West Life when determining potential suppliers’ suitability to work with them, questions are asked about their strategy and activities related to the environment, sustainability and other facets of corporate social responsibility. When deemed applicable, suppliers must also agree to abide by the appropriate elements of their Code of Business Conduct and Ethics.
GWL Realty Advisors actively engages its suppliers to encourage the use of sustainable products and services in the operation and development of its assets under management.
IGM Financial is determined to extending its environmental, social, and governance commitments to its purchasing decisions. The standards of business conduct detailed in its Supplier Code of Conduct set the bar for the companies with which they do business and their extended supply chain. Through its Code, IGM Financial communicates its principles regarding conduct relating to business dealings, protection of corporate information, labour and human rights, and the environment.
Imerys expects its business partners and suppliers to adhere to the same high standards as its own business operations. In fact, Imerys’ Supplier ESG Standards, which are primarily based on the 10 United Nations Global Compact principles, are applicable to all their suppliers, who must formally acknowledge and comply with them. These are considered a prerequisite for doing business with the group and form an important part of their purchasing policy.
IGM Financial continually seeks opportunities to reduce paper used for communications, marketing, reporting, and other business operations. The company also looks for ways to increase the use of recycled paper and paper from responsibly managed forests; 100 per cent of their office paper used in photocopiers and printers is from responsibly managed forests. All photocopiers are also pre-programmed to print double-sided and track usage to determine priorities for paper reduction projects.