Business
Intact Financial Corporation announces five-part climate transition plan
Intact Financial Corporation announces five-part climate transition plan Canada...
About this update from Intact Financial Corporation
[{"type":"text","content":"\n \n \n \n Intact Financial Corporation announces five-part climate transition plan\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.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n Intact commits to net zero by 2050 while investing\n \n $8 million\n \n in nature-based solutions with The Nature Conservancy of\n \n Canada\n \n \n \n \n \n \n \n TORONTO\n \n \n ,\n \n \n April 14, 2022\n \n \n /CNW/ - Intact Financial Corporation (TSX: IFC) today released its five-part climate transition plan. The plan sets targets for its Canadian, U.S. and European businesses, including RSA Group, which it acquired in 2021\n \n .\n \n \n \n Globally, the five-part transition plan includes:\n \n \n \n a commitment to achieve net zero by 2050 in line with the Paris Agreement and an interim goal to halve emissions from its operations by 2030 using 2019 data as a baseline;\n \n \n doubling down on helping people adapt to the extreme weather impacts of climate change in\n \n Canada\n \n , the U.S. and the U.K.;\n \n \n shaping climate-friendly behaviour among customers by incentivizing green behaviour, creating and scaling green products, and providing information and education;\n \n \n enabling the transformation of businesses and industries key to the transition and supporting new industries that will be created to build a sustainable future; and\n \n \n collaborating with governments and industry to accelerate climate action.\n \n \n \n \"We've been on the frontlines of climate change with our customers for more than a decade, helping them recover from the devastating impacts of extreme weather,\" said\n \n Charles Brindamour\n \n , CEO, Intact Financial Corporation. \"As we expand our scope more broadly toward climate transition, we will build off Intact's leadership in adaptation and RSA's established carbon reduction targets. We are committed to taking an inclusionary approach to supporting our partners and customers, and we will leverage our strengths to help de-risk the transition towards a sustainable future.\"\n \n \n Committing to net zero by 2050 an...