News Releases
CO-OPERATORS RANKED AS TOP INSURER GLOBALLY FOR SUSTAINABILITY
Corporate Knights annual Best 50 Corporate Citizens ranking also places
Co-operators first amongst Canadian financial institutions.
Jun 30, 2023
1:00pm
GUELPH, ON (June 30, 2023) – Co-operators is proud to be recognized by Corporate Knights for our commitment to building a resilient and sustainable society in Canada and around the world.
In the annual Best 50 Corporate Citizens ranking, Co-operators is ranked as the top insurer globally, the top financial institution in Canada and sixth overall. This marks the 14th consecutive year Co-operators has been in the Best 50 ranking, and continues to underscore our leadership across environmental, social, and governance-related sustainability performance indicators.
"This recognition amongst our peers reflects our ongoing work to embed sustainability into our business, and to catalyze sustainability in society through our partnerships, products, services and investments," says Chad Park, vice-president of Sustainability & Citizenship at Cooperators. "This work is fundamental to our co-operative identity, and critical to our long-term success as we bring our purpose of financial security for Canadians and our communities to life."
Some key highlights of our sustainability achievements:
- 23.6% of our investments are invested for impact. That's $2.69 billion directed to improve the well-being of our environment and society.
- We’re carbon neutral, and on a journey to achieve net zero in our operations and investments.
- We design products with sustainability in mind, with 28.2% of our total revenue coming from sustainable products or services.
Check out our Integrated Annual Report to see how we’re working to create a sustainable future.
About Co-operators
Co-operators General, a leading Canadian multi-product insurance company, is part of The Co-operators Group Limited (Co-operators). Co-operators is a leading Canadian financial services co-operative, offering multi-line insurance and investment products, services, and personalized advice to help Canadians build their financial strength and security. Co-operators has more than $58 billion in assets under administration. Co-operators has been providing trusted guidance to Canadians since 1945. The organization is well known for its community involvement and its commitment to sustainability. Achieving carbon neutral equivalency in 2020, the organization is committed to net-zero emissions in its operations and investments by 2040, and 2050, respectively. For more information, please visit: www.cooperators.ca.
Media requiring further information and/or interviews, please contact media@cooperators.ca.