Impact investing, employee satisfaction and sustainable revenue sources earn The Co-operators a spot among the Top 5 corporate citizens in Canada
Jun 25, 2020
For the eleventh consecutive year, the financial services co-operative has been recognized as a Corporate Knights Best 50 Corporate Citizen in Canada
GUELPH, ON, June 25, 2020 /CNW/ - In an annual ranking issued by Corporate Knights that measures companies' environmental, social, and governance–related performance, The Co-operators was recognized for leadership in sustainability, earning the #4 spot. 2020 marks the eleventh consecutive year The Co-operators has been included in this national ranking, including holding the #1 spot in 2019 and 2011.
"This recognition as a meaningful contributor to a sustainable economy is an important reflection of our commitment to helping to build more resilient communities," says Rob Wesseling, President and CEO of The Co-operators. "At a time when many people are experiencing significant challenges and uncertainty, the case for sustainability is clear. It enables us to navigate complexity and crises guided by a collaborative, long-term view of success – not only for our co-operative, but for all Canadians."
Highlights of The Co-operators 2019 sustainability performance include:
- Products and services that enable a sustainable, low-carbon, resilient society (including its overland flood product, Comprehensive Water)
- Leadership in impact investing, with $2.07 billion invested at the end of 2019, representing 19.4% of its invested assets
- Strong employee retention rate of 91%
More details about The Co-operators sustainability, governance and financial performance can be found in its 2019 Integrated Annual Report. New this year, The Co-operators has also issued its inaugural Task Force on Climate-related Financial Disclosures Report, Managing Climate-related Risks and Opportunities available online at cooperators.ca/reports.
About The Co-operators:
The Co-operators Group Limited is a Canadian co-operative with more than $47.3 billion in assets under administration. Through its group of companies, it offers home, auto, life, group, travel, commercial and farm insurance, as well as investment products. The Co-operators is well known for its community involvement and its commitment to sustainability. The Co-operators is ranked as a Corporate Knights' Best 50 Corporate Citizen in Canada and listed among the Best Employers in Canada by Kincentric (formerly AON). For more information, visit www.cooperators.ca.
SOURCE The Co-operators
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