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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 2022 Public Accountability Statement (PDF)Opens in a new window illustrates our approach to corporate social responsibility across Canada.

Net Zero Commitment

Great-West Lifeco is proud to share our commitment to achieve net zero greenhouse gas emissions by 2050 for both operations and investments1. We recognize the critical role asset owners, managers and insurers must play in the decarbonization of our global economy – especially over the next decade. As part of our commitment, we will develop and implement externally validated interim targets to reduce our emissions in line with climate science, positioning us to take meaningful action by 2030. We look forward to sharing more information on our efforts and key milestones in the near future.

1 Scope 3 financed GHG emissions related to Great-West Lifeco’s General Account investment portfolio (invested assets)

CDP Climate Change Questionnaire

Since 2013, Great-West Lifeco has participated in annual reporting to CDP’s Climate Change Questionnaire. CDP requests information on climate risks and low carbon opportunities from the world’s largest companies on behalf of over 590 institutional investor signatories with a combined US$110 trillion in assets.

Through its CDP reporting, Great-West Lifeco has demonstrated its commitment to sustainability across its operations, risk management practices, and in assessing the exposure of its investment portfolio to a broad range of climate-related risks and opportunities.Great-West Lifeco’s annual response to CDP’s Climate Change Questionnaire details our commitment to understanding and proactively addressing the potential impacts that climate change may have on our business.

For further information on how Great-West Lifeco and its subsidiaries manage climate change-related risks and opportunities, view our most recent full responses to the CDP’s Climate Change Questionnaire and see our scores on CDP’s website.Opens a new website in a new window
 

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.