iA Financial announces board change, social responsibility achievements

As the firm highlights past ESG efforts, it looks forward to appointing its veteran chair’s promising successor

iA Financial announces board change, social responsibility achievements
iA Financial Group has announced plans to appoint Jocelyn Bourgon to chair its board of directors. Bourgon will be replacing John LeBoutillier, who is set to retire after the annual board meeting on May 11.

LeBoutillier has been on iA Financial Group’s board for about 20 years, around 12 of which he spent as its chairman. Trained in law, a member of the Order of Canada, and holder of the 2015 Fellowship Award from the Institute of Corporate Directors, he has formidable experience heading various companies and sitting as director for major firms.

Bourgeon, his prospective successor, has taken up some of the highest positions in Canadian public service, including deputy minister of various economic development departments, Clerk of the Privy Council, and Secretary to the Cabinet. An officer of the Order of Canada, her international experience includes stints with the Organization for Economic Co-operation and Development (OECD), the UN, and the Commonwealth. She has been on the iA Financial board since May 2014, and has been vice chair since May last year. Her appointment as board chairman is subject to her re-election to the board during the upcoming annual meeting.

The firm has also released its 2016 Social Responsibility Report, outlining its various ESG-oriented achievements and commitments. Among the most predominant accomplishments are:
  • The iA Financial Group Supplier Code of Conduct, which its supplier companies to adhere to various ethical principles;
  • The establishment of a sustainable development committee;
  • $152 million in renewable energy investments;
  • Launch of the IA Clarington Inhance Bond SRI Fond, a socially responsible investment fund that is free from fossil-fuel holdings; and
  • $4 million donated to nearly 500 organizations

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