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iA Financial Group unveils its new GHG reduction targets
iA Financial Group unveils its new GHG reduction targets Canada NewsWire An inc...
About this update from Ia Financial Corporation Inc.
[{"type":"text","content":"\n \n \n \n iA Financial Group unveils its new GHG reduction targets\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n An increasingly market-driven approach\n \n \n \n \n QUEBEC CITY\n \n \n ,\n \n \n Dec. 14, 2023\n \n \n /CNW/ - iA Financial Group is pleased to announce its new greenhouse gas (GHG) reduction targets, which were set using 2022 as a baseline.\n \n \n Below are the company's new targets, which are twofold:\n \n \n \n 60% reduction in GHG emission intensity from our Canadian real estate holdings by 2035\n \n \n \n \n In Canada, iA Financial Group's real estate holdings comprise 35 buildings, primarily located in\n \n Quebec City\n \n ,\n \n Montreal\n \n ,\n \n Toronto\n \n and\n \n Vancouver\n \n .\n \n \n The carbon intensity of an asset corresponds to the tons of CO\n \n 2\n \n equivalent emitted by square meter of a building.\n \n \n As a major property owner, iA Financial Group measures its environmental performance based on stringent industry standards. This allows us to provide our employees and tenants with workspaces that meet the highest quality standards, thereby promoting individual health and wellbeing.\n \n \n Our GHG reduction target was set based on the recognized criteria of the Carbon Risk Real Estate Monitor (CRREM). These allow companies in the real estate sector to develop their sustainable development strategy by taking stock of their GHG emissions with a view to limiting global warming to 1.5 or even 2°C.\n \n \n Our assessments indicate that in 2022, this real estate portfolio emitted nearly 10,000 tons of CO\n \n 2\n \n equivalent.\n \n \n \n 40% reduction in carbon intensity of our public corporate bond portfolio by 2035\n \n \n \n The portion of public corporate bonds subject to the commitment to decarbonization currently represents investments of around\n \n $13.5 billion\n \n .\n \n \n The carbon intensity of an emitter corresponds to the tons of CO\n \n 2\n \n equivalent emitted by a company per million dollars of annual revenue. The portfolio's carbon intensity is the we...