Report highlights iA's commitment to a sustainable future, setting bold environmental goals
iA Financial Group is delighted to unveil its 2023 Sustainability Report, themed ‘Proven Values, Looking to the Future.’
This publication outlines the company's strides in sustainability, highlighting its commitment to a greener, more inclusive future.
The year began with iA Financial Group conducting its first materiality assessment, a critical initiative to engage with stakeholders and discern the sustainability challenges and opportunities that iA influences and which will drive the company's sustainable growth.
This assessment has been instrumental in shaping iA's new strategic direction and sustainability priorities.
Marie-Annick Bonneau, senior vice-president of Investor Relations, Capital Management, Sustainability, and Public Affairs, emphasized the company's dedication to sustainability.
“With each passing year, we strive to honour the commitments we make so that the long-term performance of iA Financial Group also contributes in the transition towards a better world,” she stated.
This commitment underlines the company's ongoing efforts to integrate sustainability principles into its decision-making processes and future actions.
A significant part of iA Financial Group's sustainability focus is its environmental impact reduction. The company unveiled new goals to cut its greenhouse gas (GHG) emissions.
By 2035, it targets a 60 percent reduction in GHG emission intensity from its Canadian real estate and a 40 percent cut in the carbon intensity of its public corporate bond portfolio, based on its $13.5bn investments as of January 16, 2023.
iA Financial Group's dedication to fostering a diverse, equitable, and inclusive workplace is also highlighted in the report. Initiatives included a voluntary self-identification survey for its employees in Canada and the revitalization of employee resource groups, including a new group for Indigenous communities.
The company has also embarked on the Canadian Council for Aboriginal Business's Progressive Aboriginal Relations™ (PAR) certification process.
The report proudly notes iA Financial Group's philanthropic efforts, with contributions totalling $9.4m to various charitable organizations in Canada and the US.
Furthermore, the company has continued to invest in the development of its employees and the enhancement of client experiences.
Notably, iA Financial Group was ranked as the 48th best employer in Canada by Forbes in 2024 and continues to strive for excellence in its global client experience model.
Sound and robust governance practices are a hallmark of iA Financial Group, as evidenced by its impressive ranking of 7th out of 219 Canadian companies in The Globe and Mail's 2023 Board Games ranking, with a score of 94 percent.
