ESG rankings and ratings
Power Corporation supports the CDP and its endeavours to increase transparency and disclosure on climate change governance, risks and opportunities, management and performance.
2024 marks Power Corporation’s thirteenth year responding to the CDP climate change questionnaire. In 2023, Power Corporation received a score of A- (Leadership) from the CDP, ranking in the top quartile of financial services companies globally. GBL and Great-West Lifeco also received a score of A-, while IGM Financial received a B score.
Power Corporation was added to the FTSE4Good Global Index in December 2016 and was reconfirmed on the Index in 2023, which is comprised of approximately 1,600 constituents globally.
A member of the Imagine Canada program since 1989, Power Corporation has consistently exceeded its minimum donation guideline and has consequently been designated a “Caring Company” by the organization.
Power group companies Canada Life, IG Wealth Management and Mackenzie Investments have also received the “Caring Company” designation in recognition for their generous contribution to their communities.
In 2024, IGM Financial was named one of Corporate Knights’ 2024 Global 100 Most Sustainable Corporations in the World.
GWL Realty Advisors continues to pursue its target of achieving green building certifications for all eligible properties. In 2023, 88% of GWL Realty Advisors’ eligible portfolio by floor area had one or more green building certifications, such as BOMA BEST or LEED. All of Canada Life’s head offices have proudly achieved gold-level LEED and/or BOMA certifications.
In 2024, IGM Financial was recognized as one of Canada’s Top 100 Employers, one of Manitoba’s Top Employers, one of Canada’s Best Diversity Employers and one of Canada’s Greenest Employers by Mediacorp.
For its part, Canada Life was also recognized as one of Manitoba’s Top Employers and one of Canada’s Greenest Employers for 2024.
As of 2023, Power Corporation received an MSCI ESG Rating of A*. The same score was received by our publicly traded operating companies, Great-West Lifeco, IGM Financial and GBL.
*The use by Power Corporation of any MSCI ESG Research LLC or its affiliates ("MSCI") data, and the use of MSCI logos, trademarks, service marks or index names herein, do not constitute sponsorship, endorsement, recommendation, or promotion of Power Corporation by MSCI. MSCI services and data are the property of MSCI or its information providers, and are provided "as-is" and without warranty. MSCI names and logos are trademarks or service marks of MSCI.
Since 2015, IGM Financial is listed on the Jantzi Social Index (JSI), a stock index of Canada's most sustainable companies.
In 2023, GWL Realty Advisors entered two submissions to GRESB (formerly the Global Real Estate Sustainability Benchmark), an annual reporting benchmark for the industry. One submission represented all GWLRA-managed assets and the second submission was specifically for the assets in the Canadian Real Estate Investment Fund No. 1 (CREIF). GWL Realty Advisors and CREIF are within a highly competitive peer group globally. Each entry achieved a 4-star rating, continuing to exceed both the GRESB industry averages and the companies’ peer group averages in each major category. Out of 311 companies in the Diversified/Non-Listed/Core category, GWL Realty Advisors and CREIF respectively placed in the top 20% and 21%.