Corporate social responsibility

Acting responsibly

Responsible and ethical management has long been an intrinsic value of Great-West Lifeco and is essential to long-term profitability and value creation.

In addition to meeting the ethical standards set out in Great-West Lifeco’s Code of Conduct (PDF)Opens in a new window Great-West Lifeco strives to:

  • Support and respect the protection of internationally proclaimed human rights;
  • Meet its responsibilities to minimize its environmental impact;
  • Make a positive contribution in the communities where Great-West Lifeco and its companies are established.

Our 2020 Public Accountability Statement (PDF)Opens in a new window illustrates our approach to corporate social responsibility across Canada.

CDP Climate Change Questionnaire

Great-West Lifeco was recognized in 2020 as a leader in carbon management, earning an A- (leadership) rating on CDP’s 2020 Climate Change Questionnaire.

CDP, formerly known as The Carbon Disclosure Project, is a leading international non-profit organization assessing the work of companies worldwide to reduce their greenhouse gas emissions, safeguard water resources, and protect forests.

We were the top Canadian insurance company for the sixth consecutive year on the CDP’s annual list. This achievement reflects our commitment to respecting the environment and taking a balanced, sustainable approach to everything we do. This includes understanding and proactively addressing the potential impacts that climate change may have on our business and also the world around us.

For further information on how Great-West Lifeco and its subsidiaries manage climate change-related risks and opportunities, view our full responses to the CDP’s Climate Change Questionnaire:

ESG Scorecard

Environmental, Social and Governance (ESG) Key Performance Indicators

Our 2020 ESG scorecardOpens in a new window contains standardized ESG disclosures for Great-West Lifeco’s global operating companies.

The prepared data is in alignment with the Global Reporting Initiative (GRI) Sustainability Reporting GuidelinesOpens a new website in a new window. The GRI Standards are the most widely adopted global standards for sustainability reporting. They provide a globally recognized framework for companies to measure and communicate their environmental, economic, social and governance performance.

Task Force on Climate-related Financial Disclosures (TCFD)

Great-West Lifeco is an official supporter of the recommendations of the Financial Stability Board’s (FSB) Task Force on Climate-related Financial DisclosuresOpens a new website in a new window.