Stakeholder engagement
At Power Corporation, we believe that our stakeholders are a key component of our success and recognize the importance of taking into account various stakeholder perspectives to inform our decisions and actions, where relevant. This is why we constantly strive to foster relationships and promote mutual understanding and trust with them. In fact, maintaining an ongoing dialogue with our stakeholders is an integral part of our responsible management approach.
Engagement process
We engage with a broad range of internal and external stakeholders.
Through stakeholder engagement, we aim to learn about our stakeholders’ views and needs, better understand their concerns and expectations of us, and gain insights into what matters most to them. This allows us to deepen our understanding of key topics and issues, address items of mutual interest and make better and more informed decisions regarding sustainability matters. We will continue to engage with stakeholders to inform our continuous improvement efforts as well as the content of our reporting.
Engagement methods
We are committed to maintaining a collaborative and open dialogue, both formal and informal, with a broad range of stakeholders. Below is a summary of how we engage with our stakeholders as well as examples of 2024 engagement topics.
GROUP COMPANIES
Engagement methods
2024 engagement topics
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Representation on their boards of directors and regular formal and informal discussions with their senior management as part of our active ownership governance model
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Annual Power group-wide Sustainability Conference
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Formal discussion meetings and ongoing informal dialogue with sustainability teams and leaders
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Business strategy and value creation
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Sustainability risks, opportunities, and priorities
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Scope 1, 2 and 3 GHG emissions inventory calculation and reporting, including financed emissions
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Sustainabiltiy data collection and data management tools
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Sustainability disclosure standards and regulations
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Climate transition plans
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Modern slavery
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Canadian Bill C-59
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Indigenous reconciliation
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The impact of artificial intelligence and geopolitics on sustainability
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Human capital data
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Community investment
INVESTORS, SHAREHOLDERS AND ANALYSTS
Engagement methods
2024 engagement topics
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Annual Meeting of Shareholders
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Quarterly earnings calls and live webcast
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Industry conferences and investor roadshows
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Investor/analyst meetings
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Ad hoc communications with the investor relations team
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Corporate Secretary’s office
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Business strategy and value creation strategy
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Corporation’s approach to executive compensation
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Governance-related matters
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Shareholder proposals
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Environmental and social policies and performance
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Indigenous reconciliation
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Climate
EMPLOYEES
Engagement methods
2024 engagement topics
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Formal company townhalls and Q&A sessions with executives
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Informational company-wide events
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Team meetings
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Written communications to all employees and an employee portal
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Training programs
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Annual performance reviews
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Informal feedback mechanisms
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Surveys
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Business performance and updates
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Corporate values, policies and programs
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Sustainability and community involvement
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Career development, performance reviews, and training
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Unconscious bias
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Comprehensive benefits, including benefits to support health and well-being
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Indigenous reconciliation
SUPPLIERS
Engagement methods
2024 engagement topics
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Formal exchanges
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Informal discussions
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Power’s Third Party Code of Conduct
SOCIAL DEVELOPMENT ORGANIZATIONS
Engagement methods
2024 engagement topics
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Community partnerships, meetings and events
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Arts and culture
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Fight against food insecurity and homelessness
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Indigenous reconciliation
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Advancement of women and gender equality
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Protection of ecosystems and biodiversity
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Green technology innovation
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Health and education
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Academic perseverance
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Financial inclusion
RESPONSIBLE INVESTMENT AND ESG RATING ORGANIZATIONS
Engagement methods
2024 engagement topics
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Surveys and questionnaires
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Ad hoc communications
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Climate performance and disclosure
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Human capital
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Governance-related matters
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Sustainability performance and disclosure