ESG Rankings and Ratings
2022 marked Power Corporation’s eleventh year responding to the CDP Climate Change questionnaire. We support the organization’s endeavours to increase transparency and disclosure on climate change governance, risks and opportunities, management and performance.
In 2021, Power Corporation was one of only three Canadian companies, to receive the top score of A (Leadership) from the CDP.
IGM Financial and Great-West Lifeco obtained a score of A- (Leadership) and B (Management), respectively, for their responses to the 2021 CDP questionnaire. For its part, Groupe Bruxelles Lambert, who became a signatory of the CDP in 2020, submitted its first ever response to the CDP in 2021, receiving a score of C.
Power Corporation was added to the FTSE4Good Global Index in December 2016 and IGM Financial was added in June 2016.
Both companies were reconfirmed on the Index in 2021 and 2022 and were among only 30 Canadian companies included in this index, which is comprised of approximately 1,600 constituents globally.
A member of the Imagine Canada program since 1989, Power Corporation has consistently exceeded its minimum donation guideline and has consequently been designated a “Caring Company” by the organization.
Our subsidiaries Canada Life, IG Wealth Management and Mackenzie Investments have also received the “Caring Company” designation in recognition for their generous contribution to their communities.
In 2022, IGM Financial was included in Corporate Knights' Best 50 Corporate Citizens ranking. It was also named one of Corporate Knights' 2022 Global 100 Most Sustainable Corporations in the World. The company finished 41st overall and was the top-rated capital markets and asset management company globally.
Throughout the year, GWL Realty Advisors continued to pursue its target of achieving green building certifications for all eligible properties. At the end of 2021, 86 per cent of GWLRA’s eligible portfolio by floor area attained green building certifications, such as BOMA BEST or LEED. In addition, as part of its Sustainability Benchmarking and Conservation Program, GWL Realty Advisors launched the BOMA BEST ‘Going for Gold’ challenge, where all office properties are challenged to achieve a minimum BOMA BEST ‘Gold’ certification by 2023. All of Canada Life’s main office properties have now reached this milestone, and more than 95 per cent of GWL Realty Advisors’ office properties are participating in the challenge. Lastly, BOMA Canada, at their National Awards Gala, honoured Canada Life’s 330 University Ave. and 190 Simcoe St. with The Outstanding Building of the Year (TOBY®) awards in the ‘Historical Building’ and ‘Corporate Facility’ categories, respectively. Additionally, GWLRA’s Dynamic Funds Tower took home a national TOBY in the 500,000 to one million sq. ft category. The TOBY award recognizes excellence in building management and all facets of operations, including community involvement, sustainability, and environmental management.
As of 2021, Power Corporation received an MSCI ESG Rating of AA*.*The use by Power Corporation of any MSCI ESG Research LLC or its affiliates ("MSCI") data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute sponsorship, endorsement, recommendation, or promotion of Power Corporation by MSCI. MSCI services and data are the property of MSCI or its information providers, and are provided "as-is" and without warranty. MSCI names and logos are trademarks or service marks of MSCI.
Since 2015, IGM Financial is listed on the Jantzi Social Index (JSI), a stock index of Canada's most sustainable companies.
In 2021, GWL Realty Advisors was again recognized as a leader in sustainability by the Global Real Estate Sustainability Benchmark (GRESB). The company earned its seventh consecutive ‘Green Star’ and its fifth consecutive ‘5 Star’ rating and placed in the top 8 per cent in the global ‘Diversified/Non-Listed/Core’ category. The Canadian Real Estate Investment Fund No. 1 made its fourth GRESB submission, earning a ‘5 Star’ rating and placing among the top 11 per cent of participants globally in the ‘Diversified/Non-listed/Core’ category.