CSR Statement
Power Corporation has a deeply rooted tradition of acting in a responsible and ethical manner, and of being actively and positively present in the communities where it is established. This Corporate Social Responsibility Statement (the CSR Statement) reflects the core values that have guided, and continue to guide us.
Its objective is to provide guidance to our investment professionals at the holding company, facilitating their consideration of potential sustainability issues when investments are made.
As part of our active ownership approach, we regularly engage with senior management of our group companies, both formally and informally, and when questions or issues may arise, through our representation on their respective boards. In all these interactions, we have an open and constructive dialogue in order to ensure that we have a proper understanding of how their management teams manage corporate social responsibility, ensuring it is in a manner consistent with Power Corporation’s core values.
We invest in companies that share the same philosophy and commitment to acting responsibly and ethically, and to serving the wider community in general. Building on their strong foundation of corporate social responsibility, our major publicly traded operating companies are responsible for developing their own policies and programs, specific to their unique circumstances.
Meeting our Responsibilities
In addition to complying with applicable laws and regulations and meeting ethical standards in accordance with its Code of Business Conduct and Ethics, Power Corporation strives to:
-
Incorporate ESG issues into its investment analysis process and active ownership approach;
-
Support and respect the protection of internationally proclaimed human rights;
-
Minimize our environmental impact with a focus on continuous improvement; and
-
Make a positive contribution in the communities in which we are established.
Formal Responsibility
Formal responsibility for Corporate Social Responsibility has been assigned to the Vice-President and General Counsel, who is responsible for overseeing the implementation of the Statement and reports directly to the CEO.
Power Corporation reviews the implementation of this CSR Statement on an ongoing basis, as appropriate.
The Statement was approved by the Board of Directors of Power Corporation on November 14, 2013 and amended by the Board of Directors of Power Corporation on March 18, 2020.