iA Financial Group reveals its sustainability efforts in latest report

iA Financial Group reveals its sustainability efforts in latest report | Insurance Business Canada

Insurance News

iA Financial Group reveals its sustainability efforts in latest report

How much progress has it made?

Insurance News

By
Abigail Adriatico

iA Financial Group, an insurance and wealth management group, has released its 2023 Sustainability Report, which detailed its sustainability efforts for the entire year.

The report detailed that the firm’s sustainability team had conducted a materiality assessment, which involved meeting with stakeholders to understand the sustainability issues that iA was impacting and what would contribute to its growth in the future.

“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,” said Marie-Annick Bonneau, senior vice president, investor relations, capital management, sustainability and public affairs.

“That is why we aim to continually refer to sustainability principles to guide our decisions and fully incorporate sustainability into our future actions,” added Bonneau.

iA had updated its climate strategy as it aimed to reduce the GHG emission intensity of its Canadian real estate holdings by 60% and the carbon intensity of its public corporate bond portfolio by 40% by 2035.

The firm also continued to make initiatives towards the promotion of diversity, equity, and inclusion through its first voluntary self-identification survey as well as its revitalized employee resource groups and a new group for indigenous communities. It has also donated $9.4 million to various charity organizations in Canada and the US.

iA has also been aiding its employees’ development through its employee experience program. With their efforts, the company was ranked as the 48th best employer in Canada in 2024 by Forbes and was also ranked 7th out of 219 Canadian companies in the ranking released by The Globe and Mail (Board Games) in 2023.

iA Financial Group offers financial services for insurance, savings, retirement, and loans that will accommodate the needs of individuals and businesses.

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