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:

Energy and carbon footprint


Use of renewable resources


Waste from landfills


Products and services responsibly

2017-2018 Achievements

  • Exceeded our target to reduce our consumption of natural gas and electricity at our head office properties by 8 per cent by 2020, using 2011 as a baseline1.
  • Decreased our consumption of natural gas and electricity at our head office properties by 20.6 per cent, using 2011 as a baseline.
  • Responded to the CDP questionnaire for the sixth year, again using a financial control approach and rolling up data from Power Financial, Great-West Lifeco and IGM Financial. In 2018, both Power Corporation and Power Financial obtained a score of A (Leadership), making it on the CDP A List, along with 125 other companies worldwide. Among the 2018 CDP respondents in the financial services sector, four of the five top ranked Canadian companies were members of the Power group.
  • Our GHG emissions reported and referenced in our 2017 and 2018 CDP submissions were externally verified.
  • Maintained green building certification though BOMA BEST® at our corporate head office.
  • Continued to work towards achieving the 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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