Sustainability

OUR ENVIRONMENTAL CONTRIBUTION

The environment is at the heart of our priorities, which is why we are continually working to improve and reduce the impact of our activities.

Our climate strategy

iA Financial Group has defined its climate strategy, which consists of five objectives that focus on climate-related risks and opportunities that may impact our long-term value and that we believe may be material to our key stakeholders, including our investors.

Our long-term goals

  1. Reduce greenhouse gas emissions in our operations and investment portfolio.
    By 2035, using 2022 as the base year, we aim to:
    – Act as a responsible corporate citizen by reducing the GHG emission intensity of our Canadian real estate holdings by 60%
    – Act as a responsible investor by reducing the carbon intensity of our public corporate bond portfolio by 40%.
  2. Integrate climate considerations into all processes and decisions, including our investments.
  3. Implement sound climate change risk management and build resilience to the physical impacts of climate change across our operations.
  4. Strengthen climate-related disclosure in line with the TCFD (or any future equivalent) recommendations and facilitate disclosure by investment portfolio companies.
  5. Contribute to advancing the understanding of the impacts of climate change on the insurance industry.

GHG emissions sources

To quantify and reduce our emissions, we have adopted a calculation method based on emission sources. GHG emissions are divided into three categories (1, 2 and 3). Direct GHG emissions related to our activities, such as fossil fuels, represent Scope 1. Indirect energy-related emissions represent Scope 2. Scope 3 includes all other indirect emissions. At iA Financial Group, we take into account waste management, transportation and investments such as our real estate holdings, to name but a few.

Scope 1: Direct GHG emissions

Fuel used for company-owned buildings and vehicles

Scope 2: Indirect emissions related to electricity consumption

Electricity from our buildings

Scope 3: Indirect emissions not related to electricity consumption

  • • Category 5: waste generated by company operations
  • • Category 6: personnel business travel
  • • Category 7: employee commuting
  • • Category 8: upstream leased assets (building space and vehicles)
  • • Category 15: financed emissions related to our investment portfolio

Our climate-related disclosures

See our commitments and how we’re actively contributing to the fight against climate change.

TCFD Report download Carbon Disclosure Project 2023 Report download

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